Goodbye Alimony? Not so fast!
by Carolyn Woodruff, attorney, CPAAs has been widely reported, Congress has repealed I.R.C. §§ 71 and 215, thereby eliminating the federal tax reduction for alimony. In addition, Congress has repealed former I.R.C. § 61(a)(8), which expressly defined alimony as taxable income. Continue reading →