The new 8857 is out

[TAXBILLY]

http://www.irs.gov/pub/irs-pdf/f8857.pdf

taxbilly

[jainen]

>>The new 8857 is out<<

Thanks for the heads-up, taxbilly. I hope we get a nice discussion going here.

This one is going to take a LOT of study. I can see problems for the practitioner, especially one who prepared the original return that is now being challenged. For clients in a divorce, we will need to recommend legal counsel before providing some of the information now being demanded -- current income and expenses, allegations of forgery and domestic abuse, details about how financial decisions were managed during the marriage, and plenty more.