Can I get a federal tax deduction for travel expenses to visit my daughter in another state due to a forced custody relocation?
The travel expenses would not be considered alimony, and the travel expenses are not deductible.
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The travel expenses would not be considered alimony, and the travel expenses are not deductible.
The parent with whom the child resides for the greater number of nights (assuming child lived with parent for over half the year) is the "custodial...
You have to file an amendment because you cannot file married filing jointly once that divorce is finalized. As long as that divorce is finalized...
The tax law is set up where the business does not technically have to take a depreciation deduction. However, the tax law is also set up where...
Child support is not taxable income to the recipient, nor deductible to the payer.
Custody order supercedes federal guidelines for dependency purposes. Even with that said, if your son does not live with you for more than half...
First, do not listen to your tax preparer. What she is telling you is illegal. If you are married, then you have to file as married filing...
The easiest way to explain this is that you are only taxed on your gain, which is essentially your profit. Your basis in the property is the FMV...
Call 1-800-829-1954 or use the Where's My Refund function website link posted below.
Only the custodial parent gets the child and dependent care expenses credit.