Tag Archives: LUMP SUM ALIMONY

ALIMONY OR NOT? THAT IS THE QUESTION

A state family court or divorcing spouses by settlement can provide that payments, otherwise qualifying for the alimony deduction, shall nonetheless be non-deductible and not includible in the income of the recipient spouse; but, conversely neither the state court by … Continue reading

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PLR SHOWS HOW TO SETTLE A MONTHLY ALIMONY OBLIGATION FOR A LUMP SUM PAYMENT WITHOUT ADVERSE TAX CONSEQUENCES

 The spouses had entered into a separation agreement (MSA) before 1985 which was incorporated into a final judgment of divorce, although not merged into the judgment.  The MSA provided that the husband would pay to the wife as alimony a … Continue reading

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