Tag Archives: Divorce

Deductible Alimony Becomes Non-deductible??

Posted on July 18, 2013 by Mario V. Lucibello, CPA

Recently released, TC Memo 2013-166, reiterates the power the tax law has, even over your divorce agreement. In Summary, the tax court held that a taxpayer cannot deduct a lump sum payment to his former spouse as alimony. The lump … Continue reading →