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Undoing Joint Liability- No Longer Married, Innocent Spouse Relief (ISR)

4.5 (334)

Larry Heinkel, LLM

Tax Problem Solver

Tuesday, August 25, 2020 | 11:00 AM EDT

  • AFSP
  • CPA
  • EA
  • Tax Preparer
  • CPA/PFS
  • CTEC

1 Credit

FREE

Subject Area

Taxes

Upcoming Webinars

employment law in a nutshell – guidance for your business

(1)

Jun 18, 2021 | 09:00 AM EDT View Details

irs tax practice & procedure introduction

Jun 18, 2021 | 09:30 AM EDT View Details

differences between ifrs and gaap

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Jun 18, 2021 | 09:30 AM EDT View Details

addressing single audit quality in a covid-19 era

Jun 18, 2021 | 09:30 AM EDT View Details

advance irs learning: multiyear non-filing, criminal investigation, voluntary disclosure, whistleblower claims etc.

(2)

Jun 18, 2021 | 10:00 AM EDT View Details

tax strategies for real estate: crucial insights: acquisition and depreciation strategies

(5)

Jun 18, 2021 | 10:00 AM EDT View Details

keys to maintaining an effective and strong internal audit department

(1)

Jun 18, 2021 | 10:00 AM EDT View Details

best tax return workshop on s corporation (1120s) - latest

(3)

Jun 18, 2021 | 10:00 AM EDT View Details

are you creating legal liability when you hire or recruit online? - covid -19 special

(37)

Jun 18, 2021 | 10:00 AM EDT View Details

annual federal tax update - c & s corporations, partnerships & llcs (forms 1120, 1120s & 1065)

Jun 18, 2021 | 10:00 AM EDT View Details

yellow book boot camp - nfp and governmental accounting & auditing update

(1)

Jun 18, 2021 | 10:00 AM EDT View Details

partnership preparation, basis calculations & distributions–form 1065 schedule k & k-1 analysis

Jun 18, 2021 | 08:00 AM PDT View Details

comprehensive tax strategies & insights on real estate

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Jun 18, 2021 | 08:00 AM PDT View Details

internal controls for businesses

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Jun 18, 2021 | 08:00 AM PDT View Details

maximizing home office deduction (covid special - latest)

(7)

Jun 18, 2021 | 11:30 AM EDT View Details

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 is 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 IRS is trying to collect from the other, “innocent” one? Learn your options here.

This webinar would cover:

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
  • Recognize when clients are not entitled to Innocent Spouse Relief
  • 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.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Bookkeeper
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

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    [no_of_record] => 334
    [average] => 4.4970
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4.5

(334)
62%
28%
8%
2%
0%

LW

Ok

LW

Ok

BS

Great class!

VR

It's a great webinar overall.

RH

This was a very interesting topic and I enjoyed the webinar.

KS

Excellent course