Please ensure Javascript is enabled for purposes of website accessibility
Home / Law / Lump sum alimony not deductible, Tax Court rules

Lump sum alimony not deductible, Tax Court rules

BOSTON -- A husband's $9,600 in payments to his ex-wife is not deductible as alimony because the ex-wife's attorney characterized the payments as a "lump sum" obligation in the final draft of their property settlement agreement, the U.S. Tax Court has ruled. The couple divorced in 2002. Under the terms of their settlement agreement, the husband ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*