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bekas [8.4K]
3 years ago
14

Someone help me please! Government

Law
1 answer:
Akimi4 [234]3 years ago
4 0

Answer:

good job

Explanation:

ur doing great keep it up iknow u can do it

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a. How will the $20,000 payments be treated by Fred and Tammy if covered by prior law? b. How will the payments be treated if the divorce is covered by new law? c. What is Tammy's basis in the residence? d. What role would a tax adviser play in a divorce?

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a. For Fred, the 20,000 must be included in income. There is no deduction for paying alimony.  For Tammy, the amount is not included in income.

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c. It's $100.000,00

d.  Tax advisors are responsible for determining the value of property given in lieu of cash for an alimony payment.

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