Question: Your client filed a joint return with her spouse and later receive a letter from the IRS indicating that $150,000 in income was not reported.

Your client filed a joint return with her spouse and later receive a letter from the IRS indicating that $150,000 in income was not reported. Your client finds out that it was money her ex earned (dealing drugs) during the marriage that he failed to report - and she didn't know a thing about it.

Write a short memorandum to your client and advise her of any code section you find that can help. Be sure to in provide a step by step analysis of why this provision can or cannot provide relief to her.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!