Course Description
Married individuals can either file a joint income tax return or, if they choose, may file two separate tax returns. Filing separate tax returns are usually (but not always, as you will see) done to reduce the tax liability. However, if finding the lowest tax liability is your main concern, there are no actual guidelines for determining which filing method you should use. If this is your goal, you need to calculate the tax liability under both scenarios to see which is better. Nonetheless, there are other factors you need to consider.
If the tax is paid, no problem, right? But what if the liability is not paid? Or what if there is a large audit assessment and the debt can’t be paid? Worse, what if they divorce and the audit adjustment was attributable to one former spouse, but ISR is trying to collect from the other, “innocent” one? Learn your options here.
This online CPE/CE Tax webinar covers the following key topics:
Filing Status Options
- Married filing jointly
- Married filing separately
- Amending to go from one status to the other
Innocent Spouse Relief
- Qualifications
- Definitions
- Factors to consider
- Planning tips
Special Rules for Certain Cases
- Qualifications
- Definitions
- Factors to consider
- Planning tips
Equitable Relief Options
- Qualifications
- Definitions
- Factors to consider
- Planning tips
Injured Spouse Relief
- Qualifications
- Definitions
- Factors to consider
Learning Objectives
- To describe Allocation of Liability
- To recognize when clients are not entitled to Innocent Spouse Relief
- To identify simple strategies to help clients avoid refund offsets in the first place
- To identify special Rules for Certain Cases
- To list various circumstances where innocent spouse relief may apply.
Recommended For
- This IRS Approved CE course is recommended for EAs, AFSPs, and other tax professionals involved in tax planning for their clients.
- This online CPE webinar is recommended for CPAs, PFS, and other finance professionals providing guidance to their clients on financial planning.
Who Should Attend?
- Bookkeepers & Accountants & Tax Preparers
- California Registered Tax Professional
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- CPA in Business
- Enrolled Agent
- Maryland Tax Preparers
- Oregon Tax Preparers
- Tax Accountant (Industry)
- Tax Attorney
- Tax Firm
- Tax Managers
- Tax Practitioners
- Tax Preparer
- Tax Professionals
- Tax Pros
- Young CPA
