Your institution may have access to this item. Find your institution then sign in to continue.
Title
Good news for innocent spouses: Overstated cost of goods sold is automatically grossly erroneous.
Abstract
Reports on a ruling by the US Fourth Circuit Court of Appeals that overstated cost of goods sold (COGS) is an omission of gross income rather than deduction. Treatment of OCGS as a grossly erroneous item which lets a spouse off the hook if he or she can meet the requirements for innocent spouse relief.