For 2019, which one of the following is a requirement for deductible alimony payments (assume divorce...
For 2019, which one of the following is a requirement for deductible alimony payments (assume divorce was in 2015)? 1. The divorce decree must state that the payments are includible by the payee. 2. The payee must file a joint income tax return with the payor at the end of the calendar year. 3. The payments cannot extend beyond the death of the payee spouse. 4. The divorce decree must state that the payments are deductible by the payor. 5. Payments must be for the purpose of discharging a support obligation arising from the marriage.
Homework Answers
Tax Cuts and Jobs Act eliminates the alimony deduction for post 2018 divorces.
However for the divorce which happened prior to 2019 were treated the same way as earlier.
One of such requirements to claim alimony as deduction is the payments cannot extend beyond the death of payee spouse.
So the answer is Option 3.
Add Answer to:
For 2019, which one of the following is a requirement for
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Please carefully look at the instructions and asnswe it. i
have also attached the 2019 1040 Form and Schedule 1.
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Thank you so much in advance
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Advanced Scenario 7: Mark and Barbara Matthews Directions Using the tax software, complete the tax retum, including Form 1040 and all appropri- ate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When entering Social Security numbers (SSNS) or Employer identification Numbers (EINS), replace the Xs as directed, or with any four digits of your choice. Interview Notes • Mark and Barbara are married and want to file...
Travel expenses connected with overight travel for business while away from your tax home is deductible. Your tax home is: Mat Choose one Answer. O a. Your family home b. The general area of your place of business c. Where you grew up. d. Where you finished school Which of the following is a taxable payment of alimony if it was ordered in the divorce decree? Choose one answer. a. A noncash property settlement b. Spouse's part of community income...
Please carefully look at the instructions and asnswe it. i
have also attached the 2019 1040 Form and Schedule 1.
Please show your work on the tax return form as well.
Thank you so much in advance
Use
2020 Tax Rates Schedules
That is all the information i have
Required information [The following information applies to the questions displayed below.) Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries,...
Required information (The following information applies to the questions displayed below.) Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $500 from corporate bonds. Marc contributed $2,500 to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,500 (under a divorce decree effective June 1, 2005). Marc and Michelle have a 10-year-old son,...
23. What is the total net amount of capital gain reported on
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Hello, my name is Shady Slim. I understand you are going to help me figure out my gross income for the year... whatever that means. It's been a busy year and I'm a busy man, so let me give you the lowdown on my life and you can do your thing I was unemployed at the beginning of the year and got $2,000 in unemployment compensation. I later got a job as a manager for Roca Cola. I earned $57,500...
Super stuck on a couple of questions on this scenario.
Advanced Scenario 7: Mark and Barbara Matthews Directions Using the tax software, complete the tax retum, including Form 1040 and all appropri- ate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When entering Social Security numbers (SSNS) or Employer identification Numbers (EINS), replace the Xs as directed, or with any four digits of your choice. Interview Notes • Mark and Barbara are married and want to file...
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