Question 1

Alimony is currently deductible by the payor, not the payee.

Accepted Answer

A) True 
 B)False

Question 2

Sales at fair market value are at arm's length.

Accepted Answer

A) True 
 B)False

Question 3

Match each numbered entry with the most relevant lettered entry below.
-fair market value

Accepted Answer

A) recipient 
B) increase in value 
C) fixed sum payable periodically 
D) no compulsion to sell 
E) initial capital investment
F)to receive an actual benefit or loss
G)a legal share or right in something
H)lifetime and testamentary transfers
I)relief from tax obligation
J)after allowable deductions 
A) recipient 
B) increase in value 
C) fixed sum payable periodically 
D) no compulsion to sell 
E) initial capital investment
F)to receive an actual benefit or loss
G)a legal share or right in something
H)lifetime and testamentary transfers
I)relief from tax obligation
J)after allowable deductions

Question 4

The adjusted basis is one's total income from all of a person's taxable sources less specifically allowed deductions.

Accepted Answer

A) True 
 B)False

Alimony is currently deductible by the payor, not the payee.

Sales at fair market value are at arm's length.

Match each numbered entry with the most relevant lettered entry below. -fair market value

The adjusted basis is one's total income from all of a person's taxable sources less specifically allowed deductions.

Introduction to Family Law and Practice

Ethics in a Family Law Practice

Compiling a Family History

Premarital, Postnuptial, and Cohabitation Agreements

Marriage

Annulment

Divorce Grounds and Procedure

Spousal Support, Property Division, and the Separation Agreement

Child Custody

Child Support

Legal Rights of Women

Illegitimacy and Paternity

The Legal Status of Children

Adoption

The New Science of Motherhood

Torts and Family Law

Filters

Exam 11: Tax Consequences of Separation and Divorce

Alimony is currently deductible by the payor, not the payee.

Sales at fair market value are at arm's length.

Match each numbered entry with the most relevant lettered entry below. -fair market value

The adjusted basis is one's total income from all of a person's taxable sources less specifically allowed deductions.

Introduction to Family Law and Practice

Ethics in a Family Law Practice

Compiling a Family History

Premarital, Postnuptial, and Cohabitation Agreements

Marriage

Annulment

Divorce Grounds and Procedure

Spousal Support, Property Division, and the Separation Agreement

Child Custody

Child Support

Legal Rights of Women

Illegitimacy and Paternity

The Legal Status of Children

Adoption

The New Science of Motherhood

Torts and Family Law

Filters