After a brief update on coronavirus effects on the tax world, this episode brings a discussion of family-related tax issues. To start, the filing status chosen has different effects on the tax return. Specifically, when a married couple files a joint tax return, there could be further issues. That leads to the difference between injured spouse relief and innocent spouse relief.
Injured spouse relief applies when one spouse’s refund will be applied to the other spouse’s government debt.
Innocent spouse relief applies to married couples with tax debt when one spouse dies, there is a legal separation/divorce, or the spouses have been separated for 12 months. The requesting spouse cannot amend a joint tax return so must file for innocent spouse relief to get the debt divided or if the debt is all connected to the other spouse’s income. The form requires details about the marriage including education levels, involvement with filing the taxes, and whether there was domestic violence. Since there is so much to innocent spouse relief, I will be doing a follow-up episode.
Episode 61: 2019 KS IRS Tax Practitioner Symposium Pt. 1 (of 3)
Episode 60: Interviewed by Shanna McCormack
Episode 59: Revenue Officer Training
Episode 58.5: Interview with Shanna McCormack
Episode 58: Late Filing
Episode 57: Tax Protesters
Episode 56: Nina Olson and the Taxpayer Advocate Service
Episode 55: Financial Disability
Episode 54: The Taxpayer Advocacy Panel and Tax News
Episode 53: Security Barriers for Practitioners
Episode 52: First Year Retrospective
Episode 51: Taxpayer First Act (HR 3151)
Episode 50: Collection Due Process Panel at ABA May Meeting
Episode 49: Tax Court Settlement Days
Episode 48: Tax Court at the 2019 ABA Section of Taxation May Meeting
Episode 47: IRS Commissioner Rettig at the ABA May Tax Meeting
Episode 46: 2019 ABA Tax Section May Meeting Followup
Episode 45: 2019 ABA Tax Section May Meeting
Episode 44: Liens and Levies, Part Two - Levies
Episode 43: Liens and Levies, Part One - Liens
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
City Manager Unfiltered
Potencial Americano
The ASIC Podcast
The Chris Plante Show
Red Eye Radio