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Valuable Lesson About Preparation of Joint Tax Returns Learned to Become a CPA - To become a CPA and work in the tax industry an individual is certain to encounter a variety of unusual situations. In particular, a CPA must exercise diligence in assessing circumstances where innocent spouse claims might arise. These measures protect spouses from the tax liability on a joint return that was created by a spouse or former spouse.
Innocent spouse claims often land in tax court. Therefore, any CPA involved in these matters must assure that the tax returns involved are accurately prepared. But more action is required than merely deploying the rules from the tax section of CPA exam courses. When a marital conflict exists, an accountant should caution a spouse about the possib... See Full Article 