Which changed tax deductions for alimony awards made

Assignment Help Business Law and Ethics

Reference no: EM133390030

Question: Review alimony in Chapter 8 of the book. A. Discuss the implications and your personal opinions of the Tax Cuts and Job Acts which changed tax deductions for alimony awards made before and after January 1, 2019. Those new rules are: 1. Alimony payments are no longer deductible by the payer for income tax purposes. 2. Recipients of alimony payments are no longer taxable income. B. Define the differences between temporary alimony, rehabilitative alimony, and restitutional alimony.

Reference no: EM133390030

Questions Cloud

What kind of character is xuanzang : What kind of character is Xuanzang and What does the text show us about his character, his authority to take this journey, who he is at the end

How does poe reach out to stimulate the senses : How does Poe reach out to stimulate the senses of the reader (sight, hearing and touch, in this poem). How does Blake do it differently from Poe?

Discuss why terrorist groups target events or locations : Discuss why terrorist groups target events or locations with mass crowds. In terms of counterterrorism, why are large events difficult to protect?

Specific topics that should be addressed in the code : specific topics that should be addressed in the Code related to improper business practices to ensure compliance with government contracting statutes

Which changed tax deductions for alimony awards made : Review alimony in Chapter 8 of the book. A. Discuss the implications and your personal opinions of the Tax Cuts and Job Acts which changed tax deductions

Should florida require juries be required to rule : In your opinion, should Florida require juries be required to rule either : (a) unanimous; (b) super majority vote;

What are some theories that you could assert : What are some theories that you could assert for a countersuit against the plaintiff, and why?

What would you do when the testator leaves his collection : what would you do when the testator leaves his collection of rare automobiles in his will to his "beloved brother Frank"

Are the current conventional and political mechanisms intend : Are the current conventional and political mechanisms intended to hold central government to account sufficiently rigorous and effective in their application

User Account

All Pages