Author Question: A(n) ____ ensures that a nonemployee spouse remains responsible for taxes on a divided pension. ... (Read 28 times)

magmichele12

  • Hero Member
  • *****
  • Posts: 559
A(n) ____ ensures that a nonemployee spouse remains responsible for taxes on a divided pension.
 
  a. TRO
  b. DSO
  c. IRS recapture rule
  d. QDRO

Question 2

According to the Taxpayer Relief Act of 1997:
 
  a. A sale of a marital residence prior to divorce would probably result in a higher tax burden.
  b. There would be no tax on a residence that sold for 400,000, with a cost basis of 280,000, regardless of whether it was before or after a divorce.
  c. A transfer of one spouse's interest in a home to the other, incident to a divorce, would keep the 500,000 exclusion intact.
  d. The sale of a marital residence does not result in a taxable capital gain.



kilada

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

d

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

For a complete list of videos, visit our video library