It may come as a surprise that awards and prizes are taxable. The prize is filed under income tax if a taxpayer receives an award from a competition. This is because the market value...
Alimony, also known as spousal support, is the money paid to a spouse to another after a divorce. The idea is to help the spouse with the lower income to take care of expenses and...
State laws generally govern the gaming industry. These laws can be very or less strict, depending on how the state views the industry, and most laws are aimed at promoting responsible...
Alimony is regarded as court-ordered payments given to a spouse or former spouse in a separation or divorce agreements. The aim is to provide financial support to the spouse that earns...
The reason why various types of spousal support were created is due to the increasing rate of divorce in America. Generally, whoever has the highest-earning income is required...
11.3.2[a] Article XI(1) – Residence – based Jurisdiction to TaxParagraph 1 of the Article preserves the right of a Contracting State to tax income earned by its residents,...