My ex husband has stopped paying alimony. He is a licensed real estate broker/salesperson. He has used a 1099 to pay his current wife 50% of his income. She is not licensed. In production, he claims that the $135,000 paid to current wife over the last 3 years is repayment of advanced fees and support, essentially a loan.
Q: As I read IRS instructions for use of a 1099, loan repayment isn't an event that warrants a 1099. TRUE?
Q: Am I within my rights (using the rule stated above) to ask for all the current wife's financial data? He sent 6 months of checking account statements with multiple transfers to 3 OTHER accounts, although no statements for the other accounts were included.
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