ACCT 525 Week 6 Course Project - Final Report Draft

School: DeVry University           Price: $30.00 USD

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ACCT 525 Week 6 Course Project - Final Report Draft
(Title: Analysis of regulation fairness and administrative costs for the IRS Innocent Spouse Relief)

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DeVry University
1Analysis of regulation fairness and administrative costs for the IRS Innocent Spouse Relief.Your NameACCT 525 Current Issues in Accounting.Instructor: Professor Blaise Bender04.12.201512AbstractWhen couples get married and they have to file a tax return every year, in the majority of cases they wouldhave to file a joint return. This joint signed return makes the couple equally responsible for the tax liabilityand any charges that could arise from a mistake made in the return, and it does not matter if the couple isalready divorced at the time that the IRS asks for the tax due.I believe it is highly unfair for a married person or even a recently divorced one to be exposed to taxliabilities and fines in certain cases where the spouse or former spouse engaged in activities with negativefinancial impacts or makes unilateral decisions in lying on the tax returns or simply makes blatant mistakesin the return without the consent or the previous knowledge of the other person in the marriage.It is very common for one of the spouses to entirely trust the other one with the home finances and evengive that other person the necessary signature to file a married joint tax return without really even payingattention to the contents of the return. This trust is given as an act of love in the relationship withoutthinking of the consequences or impacts this could bring later. This joint signed return makes the coupleequally responsible for the tax liabilit
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