This is our brand new and refreshed website. Check it out!
This is our brand new and refreshed website. Check it out!
A couple got divorced in Nevada in 2011. Their agreement provided for tax-free transfers of property as well as spousal support. One spouse made payments on the other’s Sallie Mae student loans and claimed an alimony deduction for them. The IRS said the payments didn’t fit the definition of alimony. But the Tax Court disagreed [... […]
The IRS may adjust interest rates for various purposes at various times. For example, the rates for overpayments and underpayments of income tax are adjusted quarterly. Interest rates for Q4 in 2018. The interest rates on overpayments and underpayments are unchanged for the fourth quarter of 2018, which runs from through October 1, 2018 through [... […]
Anyone who’s dealt with the IRS knows it can be a hassle. For some, however, it can be downright problematic. One couple claimed that the IRS’s continued collection activities following their filing for bankruptcy caused them serious emotional distress and they sued to recover damages. The question before an appellate court was whether the IRS, [... […]
After the Tax Cuts and Jobs Act of 2017 put a $10,000 cap on the itemized deduction (starting in 2018) for state and local taxes ($5,000 for married persons filing separately), some states created or are considering the creation of workarounds to help their high-tax residents continue to claim federal tax breaks. One such workaround [... […]
© 2018 Caven & Associates, Inc.
by FIVE DESIGNS — Up ↑
Leave a Reply