Date post: | 13-Jan-2017 |
Category: |
Education |
Upload: | christopher-farrell-cpa |
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I n t h i s s e c t i o n w e w i l l c o v e r :uraccounted4accounting.com
Taxable
I n t h i s s e c t i o n w e w i l l c o v e r :uraccounted4accounting.com
TaxableNot Taxable
I n t h i s s e c t i o n w e w i l l c o v e r :uraccounted4accounting.com
TaxableNot TaxableRecapture
https://www.youtube.com/watch?v=pxrsi4ABQ8
Click here for the narratedversion of this deck on
Takes about 4 1/2 minutes.
ALIMONY
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DEDUCTIBLETO
PAYOR
ALIMONY
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TAXABLETO
PAYEE
NOT TAXABLE
facebook.com/uraccounted4accounting/
CHILDSUPPORT
NOT TAXABLE
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PROPERTYSETTLEMENTS
PROBLEM
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ALIMONYLOOKS LIKEPROPERTY
SETTLEMENT
RECAPTURE
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TAXABLETO
PAYOR
RECAPTURE
facebook.com/uraccounted4accounting/
DEDUCTIBLETO
PAYEE
facebook.com/uraccounted4accounting/
LOOKBACKIN
YEAR 3
RECAPTURE
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DECREASE>
$15,000
EXAMPLE
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Year 1 $100,000Year 2 $75,000Year 3 $40,000
YEAR 3 DECREASE
facebook.com/uraccounted4accounting/
$75,000 - $40,000=
$35,000
YEAR 2 RECAPTURE
facebook.com/uraccounted4accounting/
$35,000 - $15,000=
$20,000
YEAR 1 RECAPTURE
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AVERAGEYEAR 2 AND 3
YEAR 2 ADJUSTED
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$75,000 - $20,000=
$55,000
YEAR 2 -3 AVERAGE
facebook.com/uraccounted4accounting/
Year 2 $55,000Year 3 $40,000Average $47,500
YEAR 2 DECREASE
facebook.com/uraccounted4accounting/
$100,000 - $47,500=
$52,500
YEAR 1 RECAPTURE
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$52,500 - $15,000=
$37,500
TOTAL RECAPTURE
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Year 1 $37,500Year 2 $20,000
= $57,500
facebook.com/uraccounted4accounting/
PAYORHAS
INCOME
facebook.com/uraccounted4accounting/
PAYEEHAS
DEDUCTION
R e c a p o f w h a t w e c o v e r e d :
Alimony is taxable
uraccounted4accounting.com
R e c a p o f w h a t w e c o v e r e d :
Alimony is taxableChild support andproperty settlementsare not
uraccounted4accounting.com
R e c a p o f w h a t w e c o v e r e d :
Alimony is taxableChild support andproperty settlements are notWatch out for recapture
uraccounted4accounting.com
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