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About the Teleseminar
When a married couple files its tax return jointly, they enjoy certain tax benefits, including a lower effective tax rate. But the tradeoff of those benefits is joint and several liabilities for their tax liability, interest and penalties. This can rapidly become a major issue for one of the spouses if the couple separates and one had control of joint finances or control of a family business whose income passed through to their joint return. One spouse, caught unaware of financial or tax mismanagement, may suddenly become individually liable for a major tax liability and penalties. This can have a substantial and adverse financial impact on the spouse and the family business. This program will provide you with a real-world guide to the “Innocent Spouse” and “Injured Spouse” defenses, the relief each affords, how to successfully assert them against IRS collection activity, and special issues for the non-requesting spouse.
- Understanding the “Innocent Spouse” and “Injured Spouse” defenses
- Types of relief available and how to successfully assert each defense
- Special issues when a family business with pass-through income is involved
- Issues for the spouse not asserting the defense
- Collection holds and the statute of limitations
- Audit issues
About the Speakers
Stephen J. Turanchik is an attorney in the Los Angeles office of Paul Hastings, LLP, where his practice focuses on tax litigation at the state and federal levels as well as tax controversy work at the administrative levels. Before entering private practice, he is previously litigated for six years for the U.S. Department of Justice, Tax Division, where he litigated over 300 tax cases in federal, bankruptcy, state and probate court. He has also lectured at Loyola Law School and California State University, Fullerton on topics relating to tax litigation. Mr. Turanchik received his B.A. from the College of the Holy Cross, his J.D. from Fordham University School of Law, and his LL.M. in Taxation from New York University School of Law.
Matthew L. Kadish is a partner in the Cleveland office of Kadish, Hinkel & Weibel, LPA, where he has an extensive tax, estate planning and business transactions practice. His practice also encompasses exempt organizations, retirement planning and IRS controversy cases. Mr. Kadish is a Fellow of the American College of Trust & Estate Counsel and is vice president of litigation of the Small Business Council of America. Before entering private practice, he served as a judicial clerk to Judge Herbert L. Chabot of the U.S. Tax Court. Mr. Kadish received his B.A. from Williams College, his J.D. from Case Western Reserve University School of Law, and his LL.M. in taxation from New York University.
Mandatory MCLE Credit Hours and Legal Ethics & Professional Responsibility (LEPR) Credit Hours
This seminar quailifies for 1.0 MCE Credit Hour, including up to 1.0 Taxation Specialty Credit. (Tentative)