Joe and Joan file a joint return for the current year. They are in the 35% marginal

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Joe and Joan file a joint return for the current year. They are in the 35% marginal tax bracket. Unbeknownst to Joe, Joan fails to report on the return the $8,000 value of a prize she won. She, however, used the prize to buy Joe a new boat. Is Joe entitled to innocent spouse relief? Explain.
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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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