News & Articles

Tax Law Ends Alimony Deductions after 2018

Posted on Thu, Feb 08, 2018

In divorce situations, an ex-spouse may be legally obligated to make payments to the other party. Since payments are often substantial, locking in tax deductions for the payer has often been important and involved a substantial amount of money.

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Tags: Alimony, Deductible Costs, Tax Cuts and Jobs Act (TCJA)

Who Are the Latest IRS Targets? A List of 22 Audit Triggers

Posted on Thu, Aug 07, 2014

What triggers an IRS tax audit? While the IRS isn't about to publish a list, there are a number of items that are known to raise the IRS's interest in a return.

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Tags: EHTC Article, IRS Audits, Gambling, Foreign Bank Accounts, Deductions, Home Office, IRS, Alimony, Newsletter, Articles, Charitable Contributions, IRS Tax Audit, Unreimbursed Employee Business Expenses, Taxes, Unreported Income, Losses

Can Pension Benefits Be Deducted as Alimony?

Posted on Sun, Jul 13, 2014

When married couples split up, the terms of the divorce or separation agreement can have a major tax impact. For example, any amounts paid for alimony are deductible by the payor and taxable to the recipient.

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Tags: EHTC Article, Tax Court, Alimony, Divorce, Newsletter, Articles, Taxes, Pension Benefits, Child Support