alimony
Limited Window of Time to Structure Divorce Settlements
The tax deduction and income provisions for alimony have been repealed for divorce decrees entered into after December 31, 2018 or for earlier divorces where the agreements are modified after that date. This gives married couples and formerly married c…
Lump Sum Cash Payment Did Not Qualify as Alimony
In Muñiz v. Commissioner, No. 15-14478, the Eleventh Circuit Court of Appeals concluded that lump sum payment made in cash did not qualify as alimony under Florida law. The payment did not qualify because Florida law says that the obligation to pay the lump sum amount does not end with the payee’s death–regardless of whether […]
The post Lump Sum Cash Payment Did Not Qualify as Alimony appeared first on Houston Tax Attorney: Texas Lawyer.