FEDERAL INCOME TAX - Free Webs

Illegally Acquired Property: must be reported as taxable income. Tax Benefit Rule: Where a taxpayer deducts in one year and later recovers the amount deducted, the recovery is a tax benefit income (e.g., state income tax refund) Federal Income Tax Refund: Never. a tax benefit . Alimony: Unless otherwise provided in the written agreement, alimony is ................
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