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:

Funding

The act of providing financial resources, typically by an organization or government, to support a project, program, or venture.

Temperate Phrasing

The use of moderate and balanced language to express ideas or opinions, avoiding extreme or provocative terms.

Provoke

To stimulate or incite someone to action or feeling, often with the intent of eliciting a specific reaction.

Proactively

describes taking initiative by acting in advance of a future situation, rather than just reacting, to achieve better results.