Briley v. Commissioner, TC Memo 2019-55: Innocent Spouse Relief Denied Estranged Spouse for Disallowed S Corporation NOLs

The Tax Court, in Briley v. Commissioner, held that an estranged spouse was not entitled to innocent spouse relief where (a) her husband’s S corporation construction company reported unsubstantiated NOLs, which were disallowed, and (b) she failed to prove that she did not know or have reason to know that the losses were not genuine.

See full opinion by clicking Briley v. Commissioner, TC Memo 2019-55.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..

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