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.
Based on the current debt hanging on Lily's account, her credit score will be greatly reduced, and she collects more debts, hence this makes it difficult to pay off her debt.
<h3>What is meant by the term Credit score?</h3>
The term credit score can be defined as a factor usually within the range of
300 to 850 that is used to tell or pass an idea of how a person is creditworthy, in other words, how faithful a person is when they are servicing their loan term.
It should be noted that a poor credit score will limit the size of loan that a person will be able to get and the reverse is the case for a good credit score.
Learn more about credit scores here:
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What Is a Credit Score? A credit score is a number from 300 to 850 that depicts a consumer's creditworthiness. The higher the score, the better a borrower looks to potential lenders. A credit score is based on credit history: number of open accounts, total levels of debt, repayment history, and other factors.
Answer:
Sorry for your loss, and Happy Veterans Day!
Explanation:
Answer:
true, i think
Explanation:
In the landmark supreme court case Miranda v. Arizona (1966), the Court held that if police do not inform people they arrest about certain constitutional rights, including their Fifth Amendment right against self-incrimination, then their confessions may not be used as evidence at trial.
Answer:
I ensure everyone has an equal and adequate amount of time to represent themselves and then I would evaluate them based on company values and leadership skills then I would make my final decision.
Explanation:
