Many Ex-Couples Are Fibbing To The IRS About Alimony - KALB-TV News Channel 5 & CBS 2

Many Ex-Couples Are Fibbing To The IRS About Alimony

Posted: Updated:
(AP) Somebody's not telling the Internal Revenue Service the truth about their alimony payments.
    
When people pay alimony to ex-spouses, they can deduct those payments from their income, lowering their tax bill. Their ex-spouses are then required to claim the alimony payments as income when they file their federal tax returns.The numbers, however, often don't match - by a lot.
    
The IRS inspector general said Thursday that more than half-a-million taxpayers reported paying a total of $10 billion in alimony in 2010. Their ex-spouses, reported receiving less than $8 billion, for a $2.3 billion gap. Inspector General J. Russell George says the IRS should do more to resolve the discrepancies. The IRS says it is improving computer filters to help catch the mismatches.
  • Most Popular StoriesMost Popular StoriesMore>>

  • New meaning to "Labor Day" at the Zoo

    New meaning to "Labor Day" at the Zoo

    Monday, September 1 2014 3:50 PM EDT2014-09-01 19:50:30 GMT
    ALEXANDRIA, La. (KALB News Channel 5) -- Staff at the Alexandria Zoo are hard at work on Labor Day.The zoo is always open on the holiday. But, a couple of the exhibits need some extra care.That's because they're celebrating a different kind of "Labor Day" - the birth of several new baby animals.More >>
    ALEXANDRIA, La. (KALB News Channel 5) -- Staff at the Alexandria Zoo are hard at work on Labor Day.The zoo is always open on the holiday. But, a couple of the exhibits need some extra care.That's because they're celebrating a different kind of "Labor Day" - the birth of several new baby animals.More >>
  • U.S. carries out airstrikes against Isis in Northern Iraq

    U.S. carries out airstrikes against Isis in Northern Iraq

    Sunday, August 31 2014 10:14 PM EDT2014-09-01 02:14:05 GMT
    WASHINGTON D.C. (AP) - The U.S. military says it has carried out two more airstrikes against Islamic State fighters in northern Iraq.More >>
    WASHINGTON D.C. (AP) - The U.S. military says it has carried out two more airstrikes against Islamic State fighters in northern Iraq.
    More >>
  • Invest 99-L (Tropical Blog 9-1)

    Developing Tropical Wave over the Southern Gulf of Mexico

    Developing Tropical Wave over the Southern Gulf of Mexico

    Monday, September 1 2014 10:53 AM EDT2014-09-01 14:53:56 GMT
    Monday, September 19:47amIn the Atlantic, Gulf of Mexico and Caribbean, there is One area that we are watching for possible development during the next 48 hours.Invest 99-L (Tropical Wave)A Tropical disturbance over the Yucatan Peninsula Eastern Bay of Campeche is producinga lot of shower thunderstorm and is associated with a Tropical Wave. This system continues to show limited development as it moves over the warm water of the Southern GoM. Environmental conditions are favorable for develo...More >>
    Monday, September 19:47amIn the Atlantic, Gulf of Mexico and Caribbean, there is One area that we are watching for possible development during the next 48 hours.Invest 99-L (Tropical Wave)A Tropical disturbance over the Yucatan Peninsula Eastern Bay of Campeche is producinga lot of shower thunderstorm and is associated with a Tropical Wave. This system continues to show limited development as it moves over the warm water of the Southern GoM. Environmental conditions are favorable for develo...More >>
Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KALB. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.