Tax court says no alimony deduction without formal agreement
On behalf of Stange Law Firm, PC posted in divorce on Friday, June 23, 2017. In a Missouri divorce settlement, a person might agree to pay alimony to a former spouse. That alimony is usually tax-deductible, but it is important that it be mentioned in the formal divorce agreement. Otherwise, according to the U.S. Tax Court, it is not deductible. In the case that the Tax Court heard, a man filed for divorce in 2007 and signed an agreement with his wife regarding splitting with her a bonus he had received in 2006. Later, as part of a temporary support