Tax Fans Tax Advise Center Archive

Tax Deduction for Alimony Payments? – Yes!

TweetShareSharePin0 SharesOver 50% of marriages end in divorce in the United States. Many divorce decrees include provisions for the payment of alimony. The IRS takes the position that such payments constitute a form of income and create an alimony tax deduction for the person making payments. According to the IRS, alimony payments are taxable to

AMT & Disposition of Business Or Rental Property

TweetShareSharePin0 SharesIn our last article we talked about the alternative minimum tax item, resulting from depreciation of business or rental property. A direct corollary of that issue is the AMT item that results from any subsequent sale or other disposition of such property. Critical to minimizing a taxpayer’s AMT is an understanding of the relationship


TweetShareSharePin0 Shares This is slightly older technology, but it is still used, and does the job well. This is part of the sound board at my church. I am not real smart when it comes to that type of technology, so I have no idea what each of the buttons and dials do, I just

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