Requesting Innocent Spouse Relief (2019) 1 What conditions make a taxpayer ineligible for separation of liability?...

Requesting Innocent Spouse Relief (2019)

1 What conditions make a taxpayer ineligible for separation of liability?

a   Actual knowledge of the deficiency.
b   Transfer of assets between spouses.
b     Both A and B.
d     Neither A nor B.

Solutions

Expert Solution

Ans. both A and B

Explanation:

The following conditions must be met to be eligible for separation of liabilityt:

No transfer of assets has occurred between the taxpayer and spouse, or former spouse, as part of a fraudulent scheme.
At the time the taxpayer signed the joint return, there was no knowledge of any items giving rise to the deficiency that is allocable to the spouse, or former spouse. Reason to know, as is stipulated for innocent spouse relief, is not included in this relief provision.

ekkarill92 answered 2 years ago

Next > < Previous

Related Solutions

Tax Audit & Notice Services: Requesting Innocent Spouse Relief (2019) Options 5 To be eligible for...

Tax Audit & Notice Services: Requesting Innocent Spouse Relief (2019) Options 5 To be eligible for separation of liability, the taxpayer: a Did not sign the return. b Must be divorced, legally separated, or has not lived with the spouse for the prior 12 months. c Did not have any earned income. d Must request relief before the IRS begins collection activity.

Tax Audit & Notice Services: Requesting Innocent Spouse Relief (2019) Options 4 What must occur before...

Tax Audit & Notice Services: Requesting Innocent Spouse Relief (2019) Options 4 What must occur before you can determine if a taxpayer qualifies for relief under IRC 6015(f)? a The taxpayer does not qualify for relief under IRS 6015(b) or (c). b The taxpayer is no longer married to the spouse with whom the MFJ return was filed. c The taxpayer declares bankruptcy. d The taxpayer has a signed divorce decree that says he or she is not liable for...

A condition that is required to obtain innocent spouse relief is:

Tax Audit & Notice Services: Requesting Innocent Spouse Relief (2019) Options6 A condition that is required to obtain innocent spouse relief is:a A joint tax return was filed.b There is an understatement of tax due to an erroneous item of one spouse.c The spouse did not know or have reason to know that there was an understatement.d All of the above.

Depending on the type of relief requested, file an innocent spouse relief within:

Tax Audit & Notice Services: Requesting Innocent Spouse Relief (2019) OptionsDepending on the type of relief requested, file an innocent spouse relief within:a A. Two years after the IRS' first attempt to collect taxes.b B. Ten years from the date the tax liability was assessed.c C. Both A and B.d D. Neither A nor B.

What form is used to file an appeal when an innocent spouse relief request is denied?

What form is used to file an appeal when an innocent spouse relief request is denied?a Form 12509.b Form 12508.c Form 8857.d Form 870-IS.

What is a contingent liability? What conditions require that a contingent liability be recognized as a...

What is a contingent liability? What conditions require that a contingent liability be recognized as a liability in the books?

True or False 1. If a taxpayer and his spouse file a joint tax return and...

True or False 1. If a taxpayer and his spouse file a joint tax return and both have self-employment earnings from separate businesses, they can combine their self-employment earnings and report them on a single Schedule SE. 2. Education expenses of a sole proprietor are deductible for AGI as long as they are ordinary, necessary, and reasonable in amount. 3. Sole proprietors cannot deduct the per diem amount for lodging while away from home for business travel. 4. Under MACRS,...

The American Taxpayer Relief Act of 2012 increased taxes on the top 1% to 2% of...

The American Taxpayer Relief Act of 2012 increased taxes on the top 1% to 2% of income earners from 35% to 39.6%. Supply and demand analysis predicts the impact of this change was a ________ interest rate on municipal bonds and a ________ interest rate on Treasury bonds. would it be lower for interest rates on municipal bonds and lower on interest rates on Treasury bonds as well?

Assume in 2019 the rate of job separation is 1% and the rate of job finding...

Assume in 2019 the rate of job separation is 1% and the rate of job finding is 19%. In 2020 during a recession, 85 out of every 1000 employed workers become separated from their jobs while 21 out of every 100 unemployed workers find jobs. a. what is the natural rate of unemployment during the recession? b. what is the percent change in the unemployment rate between 2019 and 2020? c. describe a governmental program that will decrease the unemployment...

(ii) At 1 April 2019 there was a deferred tax liability of $6.6 million in the...

(ii) At 1 April 2019 there was a deferred tax liability of $6.6 million in the statement of financial position and no adjustments have been made to this figure at 31 March 2020. This deferred tax liability was solely in relation to the differences between the carrying amount ($90 million) and the tax based ($57 million) of plant and equipment. At 31 March 2020 these figures were $96 million and $54 million respectively for the carrying amount and tax base...

Subjects