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Federal Income Tax 1. Why are the changes made to the taxation of alimony payments and receipt significant? How does the date of the agreement

Federal Income Tax

1. Why are the changes made to the taxation of alimony payments and receipt significant? How does the date of the agreement impact alimony taxation?

2. What is imputed interest? How does this impact a taxpayer's taxable income?

3 What is an annuity? Why are the special calculations required to determine if any of the annuity payments are taxable?

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