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.
The legislative branch was formed by arrival I
The statement that is is true concerning the company’s requirement to report to the SEC is that they a)Required to report major business developments and must file annual and quarterly financial reports.
<h3>
What is sec?</h3>
SEC serves as the organization that protects investors through enforcement of nation's securities laws, against wrongdoers, and overseeing our securities markets .
Therefore, option A is correct.
Other options for the question are:
a)Required to report major business developments and must file annual and quarterly financial reports.
b)Not required to report information to the SEC.
c)Requirement to file depends on the company’s assets and shareholder base.
d)Must file annual and quarterly financial reports
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