Trump Tax Plan – Alimony Deduction to be ELIMINATED under Trump Tax Plan after 2017

Are you going through a divorce? Might there be alimony as part of your settlement? Will it not be settled before 12/31/2017?

Trump’s tax reform plan will eliminate the deduction for alimony paid for cases finalized after 12/31/2017.

Make sure your attorney is aware of this potential change to family law. Your attorney must keep this mind when negotiating and calculating alimony because using the existing calculations will leave the alimony payer in a terrible deficit if the divorce is not finalized before 12/31/17.

As always please reach out to me to discuss this in greater detail.

Click here to request a consultation or ask me a question.

Please reach out to me without hesitation with any tax, business or

accounting question, and to schedule a consultation.

Tax Laws are complex.

It is very easy to make mistakes that can incur penalties.

Do you have a Tax, Accounting or Business Question?

Call Me Immediately. (732) 673-0510.

Is your CPA or Attorney

ignoring your Phone Calls and Emails?

Call Me Immediately. (732) 673-0510.

Remember,

“If We Aren’t Working For You, Then You Aren’t Working At Your Best”

Chris Whalen, CPA
(732) 673-0510
79 Oak Hill Road
Red Bank, NJ 07701
www.chriswhalencpa.com

cw-cpa-logoweb

#cpa #TaxReform #POTUS #irs

Print Friendly, PDF & Email
2017-11-05T11:30:35+00:00

About the Author:

I’m Chris Whalen, CPA. For over twenty-five years I have been the owner and Managing Member of a Certified Public Accounting and Business Advisory firm providing a full range of income tax, accounting and advisory services for individuals and businesses. I am licensed in all states and serve clients throughout the country but extensively in Red Bank, Middletown, Rumson, Colts Neck, Holmdel, Monmouth County and Ocean County.