Answer:
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?
Explanation:
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.
b. If the divorce was complete prior to December 31, 2018, Fred can deduct the $20,000 payments as alimony.
If the divorce was complete prior to December 31, 2018, Tammy must include the $20,000 payments in gross income.
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.
Política es ciencia que se trata del gobierno y la organización de sociedades humanas especialmente de los estados.
Answer:
breach of the implied of merchantability
Explanation:
Implied warrant of merchantability happens when an individual such as jack in this question, goes to buy a product that did not work as expected. In this case, Jack requested for a Cola drink which he bought and later realized it was caustic drain cleaner. The warranty guarantees that the cola drink gotten from the fast food chain must work according to why it was purchased and the sellers are not required to explain to jack that Cola drink is what he was going to get when buying the product from them because the law on its own, creates that warranty.
Answer:
Populism refers to a range of political stances that emphasize the idea of "the people" and often juxtapose this group against "the elite" or "the establishment".
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Due to a large inheritance, a Life Insurance policy owner no longer requires the policy and agrees to sell it to a third party for more than its cash value. This type of transaction is called a Life Settlement.
<h3>What is the Purpose of a Life Settlement Contract?</h3>
The Life Settlement Contract is simply a contract that transfers the insurance cover afforded by the Life Insurance Policy form one person to another.
The life assured of the new holder of the policyholder becomes eligible to receive the benefits of the policy when the insured dies while the policyholder takes responsibility for payment of premiums.
Learn more about Life Settlement at:
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