The IRS has released new proposed guidelines to provide relief to more innocent spouses requesting equitable relief from income tax liability. Notice 2012-8 revises the threshold requirements for requesting equitable relief and revises the factors used by the IRS in evaluating the requests.The factors have been revised to ensure that requests for innocent spouse relief are granted under section 6015(f) when the facts and circumstances warrant it.
See "More Innocent Spouses Qualify For Relief Under New IRS Guidelines," IRS.gov (Jan. 5, 2012).
Posted by Andrew Hodes, Associate Editor, Wealth Strategies Journal.
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