Albert and Patricia are divorced during the current year. As part of their divorce agreement, Patricia agrees

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Albert and Patricia are divorced during the current year. As part of their divorce agreement, Patricia agrees to pay Albert alimony of $85,000 in the current year and $5,000 per year in subsequent years. What tax problem is presented by this agreement? What will be the ultimate tax treatment of the alimony payments?

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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