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Categories
No Alimony Deduction for Mortgage Payments
The Tax Court has ruled that a taxpayer's mortgage payments on
a home solely owned and occupied by him couldn't be deducted as alimony.
Although the divorce degree obligated him to make mortgage payments to shield
his ex-wife from liability, the payments didn't confer a direct economic
benefit on her. (Picou, TC Summary Opinion 2006-82) |
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"...after using a variety fo firms in other cities, we've found the Cameron staff to be by far the most competent, service oriented team in our 20 years of doing business..."
Gregory Florez - CEO
First Fitness, Inc.
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