Archive for the Ask Question or Comment Category

Taxpayer Beware - IRS does not email

The IRS does not send taxpayers unsolicited e-mails about their tax accounts, tax situations, or personal tax issues.If you receive such an e-mail, it’s a scam.

Alimony can be used as Compensation for IRA purposes.. yup!

Taxable alimony and separate maintenance payments received by an individual are treated as compensation for IRA purposes.

For a summary of what compensation does and does not include, see Publication 590 - Table 1-1 on page 4.

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