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Property Settlements Made Incident to a Divorce Have No Immediate

question 120

True/False

Property settlements made incident to a divorce have no immediate tax consequences; that is,the transfer from one spouse to another is not taxable.


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Fixed Place of Business

A specific location where a company conducts its operations and business activities on a regular basis.

Legislation

Laws that have been enacted by a legislative body, such as a parliament or congress.

Physical Threats

Explicit or implicit actions suggesting the intent to cause bodily harm to another person.

Collection Agency

A business that pursues payments of debts owed by individuals or businesses on behalf of creditors.

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