Tag Archives: divorce decree

DIVORCE DECREE TRUMPS FEDERAL TAX LIEN ARISING AFTER ENTRY OF DIVORCE JUDGMENT.

A New Hampshire U.S. District Court decision U.S. v. Baker 13-cv-213-PB2014 DNH 176, August 22, 2014) highlights some important lessons about the priorities of a divorce decree against a federal tax lien on one of the spouses. The facts of … Continue reading

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ALIMONY DEDCUTION: PUT IT IN WRITING OR YOU’RE OUT OF LUCK

 With Pub. L. 98-369, Congress intended to end controversies over the deduction of alimony by enacting clear straightforward rules.  Thus, beginning in 1985 under Section 71 alimony, deductible to the paying spouse and includible in income by the recipient, is … Continue reading

Posted in ALIMONY, DIVORCE, TAX | Tagged , , , , , | 1 Comment