What does innocent spouse relief mean on the CPA exam?
Innocent spouse relief. Relief from joint liability for a spouse who did not know, and had no reason to know, of an understatement on a joint return, where it would be inequitable to hold them liable.
Defined against Sec. 6015.
Which CPA exam sections use innocent spouse relief?
Innocent spouse relief appears in the REG section of the CPA exam.
Related terms
- limited partnership: A partnership with at least one general partner who manages and is personally liable, and limited partners who invest without personal liability or control.