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olga55 [171]
3 years ago
11

Which court in the federal system is the court of last resort

Law
1 answer:
Lisa [10]3 years ago
6 0

Answer:

United States Supreme Court

Explanation:

The United States Supreme Court is the court of last resort in the federal court system. Each of the states and the District of Columbia has at least one supreme court, or court of last resort. Oklahoma and Texas both have two courts of last resort, one for civil appeals and one for criminal appeals.

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3-38 Alimony. As a result of their divorce, Fred agreed to pay alimony to Tammy of $20,000 per year. The payments are to cease i
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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.

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