NO MAGIC WORDS REQUIRED BY TAX COURT FOR ALIMONY TO BE NON-TAXABLE / NON-DEDUCTIBLE
November 22, 2011
In Andrew Dean Shelton v. Commissioner, T.C. memo 2011-266, the Tax Court considered whether a $25,000 cash payment made pursuant to a marital settlement agreement (MSA) was alimony deductible by the petitioner. The...