Payments Meeting Sec. 71 Definition Are Taxable Alimony

Business Valuation Update BVLaw
Legal and Court Case Update
July 22, 1998
federal taxation

Thomas H. Nelson and Donna J. Zullo Nelson v. CIR
T.C. Memo. 1998-268
US
Federal Court
United States Tax Court
Carluzzo

Summary

The Tax Court concluded that payments meeting the definition of taxable alimony in IRC sec. 71 are taxable alimony regardless of the Ohio courts' characterization of the payments as part support and part property settlement.

See Also

Thomas H. Nelson and Donna J. Zullo Nelson v. CIR

The Tax Court concluded that payments meeting the definition of taxable alimony in IRC sec. 71 are taxable alimony regardless of the Ohio courts' characterization of the payments as part support and part property settlement.