Tax
May 14, 2014
Why is divorce so expensive? Because of the IRS
A recent decision of the U.S. Tax Court highlights the need to carefully consider marital settlement agreements. By Mitchell A. Jacobs and Brett A. Berman
The U.S. Tax Court recently issued a summary opinion in the case of Roscoe Jerome McNealy and Leanna Yvonne McNealy v. Commissioner of Internal Revenue, granting the commissioner's motion for summary judgment and denying the petitioners' alimony deduction claimed on their 2009 federal income tax return.
On April 6, 2009, Roscoe McNealy and Leanna McNealy entered into a marital settlement agreement...
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