New tax relief for the innocent spouse: A 4.1 billion dollar proposition

This article reviews the changes to the innocent spouse provisions and points out tax planning considerations when working with the expanded relief provisions offered to qualifying taxpayers. The changes to the innocent spouse provisions will help to eliminate some of the highly publicized inequitie...

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Veröffentlicht in:The National Public Accountant 2000-02, Vol.45 (1), p.55
Hauptverfasser: Mason, J David, Linda Garrett Levy
Format: Artikel
Sprache:eng
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Zusammenfassung:This article reviews the changes to the innocent spouse provisions and points out tax planning considerations when working with the expanded relief provisions offered to qualifying taxpayers. The changes to the innocent spouse provisions will help to eliminate some of the highly publicized inequities of the old rules. However, taxpayers seeking to obtain relief under these provisions will discover there are still many safeguards in place to prevent abuse of these provisions. With the new innocent spouse rules come new planning opportunities that must be carefully evaluated with clients who are considering applying for innocent spouse relief.
ISSN:0027-9978