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Research the tax treatment for each of the following incomeitems:7.  Divorce payments: Alimony vs. Child...Research...

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Accounting

Research the tax treatment for each of the following incomeitems:

7.  Divorce payments: Alimony vs. Child Support vs.Property Division

10. Consulting income

11. Non-cash transactions (barter systems)

Answer & Explanation Solved by verified expert
3.6 Ratings (448 Votes)
Divorce Payments Alimony The person paying alimony are tax deductible But payments received by former spouse are part of taxable deductable and form part of incme of the receiver Divorce Payments Child Support Payments made for welfare of    See Answer
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In: AccountingResearch the tax treatment for each of the following incomeitems:7.  Divorce payments: Alimony vs. Child...Research the tax treatment for each of the following incomeitems:7.  Divorce payments: Alimony vs. Child Support vs.Property Division10. Consulting income11. Non-cash transactions (barter systems)

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