In the latest edition of his Federal Tax Update podcast, Ed Zollars addresses why you can’t rely on your accountant spouse. This week we look at:
- IRS wants preparers to advise clients to opt-in to IP-PIN program.
- TAM holds that an activity that is treated as a material participation activity for five straight years under SPA test will be a material participation activity under the 5/10 test in year 6
- Breadwinner not granted innocent spouse relief when she failed to inquire about or review return prepared by accountant spouse
Click on the player below to listen to the show.