Support Payments Are Not Taxable Alimony When Contingent to a Child

Business Valuation Update BVLaw
Legal and Court Case Update
February 10, 1998

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federal taxation
Dewey and Carlena K. Hammond v. CIR
T.C. Memo. 1998-53
US
Federal Court
United States Tax Court
Nims

Summary

The Tax Court concluded that payments meeting the requirements of IRC sec. 71 for taxable alimony were not taxable alimony because the payments ceased upon a contingency related to a child and thus fell into the IRC sec. 71 (c)(2) exception.

See Also

Dewey and Carlena K. Hammond v. CIR

Full Text of Court Cases
February 10, 1998

The Tax Court concluded that payments meeting the requirements of IRC sec. 71 for taxable alimony were not taxable alimony because the payments ceased upon a contingency related to a child, and thus fell into the IRC sec. 71 (c)(2) exception.