Don’t pay alimony — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Don’t pay alimony

Get PDF file

by on
in Small Business Tax

Don’t pay alimony before the first date required under a divorce decree. Why? The Tax Court has ruled that you can’t deduct the payment before it’s legally due. (Ray, TC Summary Opinion 2006-110) You can deduct any payments made after the initial due date, though, even if you make them ahead of time. Note: Nondeductible alimony is not taxable to the recipient.

Related Articles...

Leave a Comment

Previous post:

Next post: