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A reason to know exists when, based a variety of facts and circumstances considered by the IRS, a reasonable person in similar circumstances would have known of the erroneous item.
–If the erroneous item was a departure from a recurring pattern on prior years' returns (for example, if it omitted income from an investment regularly reported on prior years' returns).
Similar(58)
You must show not only that the understated tax on your joint return was due to erroneous items of your spouse, but also that when you signed the return you did not know, and had no reason to know, of the understated tax.
–The IRS proves that at the time you signed your joint return, you had actual knowledge or a reason to know of erroneous items that were allocable to your spouse.
The banks have not sacked the accountancy firms or credit rating agencies that failed to raise the alarm over the erroneous or misleading items on their balance sheets.
The erroneous print-edition headlines swiftly became fodder for ridicule; the online news site Coconuts Media ran an item chiding the media for "killing" Veloso.
The erroneous S.& P.
The erroneous phrase would then be removed.
He ultimately deleted the erroneous spelling.
Like magic the erroneous version was disappeared.
The erroneous momentum indication then triggered the safe mode.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com