This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

• The distinct qualifications for Innocent Spouse Relief, Separation of Liability, and Equitable Relief under IRC Section 6015.

• How the "reason to know" standard is a critical factor for the IRS to deny Innocent Spouse Relief.

• The strict two-year deadline for filing Form 8857, which begins from the first IRS collection activity.

• Why Separation of Liability is specifically for spouses who are divorced, legally separated, or living apart.

• That Equitable Relief is the only option that can apply to an underpayment of tax, not just an understatement.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep