Regardless of When a Divorce Agreement Is Executed, Alimony Is

question 119

True/False

Regardless of when a divorce agreement is executed, alimony is included in gross income of the recipient and is deductible for AGI by the payer.

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Definitions:

Public Interest

A concept referring to the welfare or well-being of the general public and society as a whole, often used as a guiding principle for policy-making and legislation.

Gold Standard

A monetary system in which the value of a country's currency is directly linked to the amount of gold held in reserve.

American Farmers

Individuals in the United States engaged in agriculture, contributing to food production and the rural economy.