Family Law

IRS auditing more returns

By Robert M. Kisselburgh, Esq.

Internal Revenue Service auditing more returns

Given this is the tax season, we are reminded by a number of news reports that the Internal Revenue Service is stepping up its audits of small businesses and individuals. According to a recent article, one of the areas which gets divorced couples in trouble is the non-reporting of alimony as income as well as those paying child support seeking to deduct those payments from their taxes. As discussed in a previous post, the general rule is recipients of alimony must report it as income and child support payments are neither included as income or as a deduction. However, if you have a question regarding your taxes, consult a tax professional.

Remember, tomorrow is the deadline to either file your return or your request for an extension.

Full post as published by Mississippi Family Law Blog on April 14, 2008 (boomark / email).