Alimony Archives - John R. Dundon II, Enrolled Agent
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Alimony

Back from vacation! Nashville, TN! Awesome town! In reviewing Paul T. Banach v. Commissioner - TC Memo 2010-33 - I learned that payments may be claimed as alimony under §215 if all four requirements of §71(b)(12) are met. Payment in cash will be considered alimony only if the: (1) payment...

The following items are deductible as alimony payments if part of a divorce decree, even if the payments are made directly to a bank or insurance company: Car Payments Health Insurance Premiums One half the interest on mortgage payments made on a jointly held home.  If you make...

Thinking about one's marriage in IRS terms quickly can turn anybody into a stand up comedian.  In all seriousness though the times appear to be ripe for change in how the tax law defines marriage.  I write this because the Justice Department announced that it...

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