Divorce: New York

Divorce: New York

Tag Archives: Deduction

IRS To Increase Audits of Alimony Deductions and Income

Posted in Tax Matters
The IRS is enhancing processes to address the discrepancies between the deductions taken by alimony payers and the income reported by alimony recipients. This is in response to a report of the Treasury Inspector General for Tax Administration issued March 31, 2014 (TIGTA #2014-40-022). Alimony is a payment to or for the benefit of a … Continue Reading

Alimony Not Deductible If Terminable On Child-Related Event

Posted in Tax Matters
In an April 14, 2014 decision of the United States Tax Court, Judge Ronald L. Buch upheld the disallowance of an alimony deduction where the payments were terminable, among other events, upon the high school graduation of the taxpayer’s youngest child. After more than 15 years of marriage and 3 minor children, Allen Johnson and his … Continue Reading

C.S.S.A. Recitiation Requirements Relaxed for In-Court Child Support Sipulation

Posted in Child Support (C.S.S.A.)
The required C.S.S.A. recitation in an oral open-court stipulation by which the parties explain why they have agreed to a child support obligation varying from the presumptive C.S.S.A. formula may not have to be as “precise” as that required in a written stipulation. Such appears to be the holding of the Appellate Division, Second Department, … Continue Reading