Steve and laura were divorced in 2012. laura pays steve alimony of $1,200 a month. the payment amount was agreed upon in the decree of divorce. to save money, steve and laura still live together. are the alimony payments that steve receives in 2018 included in his income?

No, because they live together

Explanation:

Alimony is a legitimate commitment on an individual to give monetary help to their mate previously or after divorce or separation. Because Steve and Laura are living together even after the separation to save money, that means the payments will not be considered as alimony. Payments can only be considered alimony if a couple does not live together.

1. A guaranteed loan is a loan that a third party guarantees – or assumes the debt obligation for – in the event that the borrower defaults. If a co-signer is on the loan, if the main party defaults the co-signer becomes responsible for the loan.

2. I could ask family members as a last resort for financing.

3. The annual exclusion for 2014, 2015, 2016 and 2017 is $14,000. For 2018 and 2019, the annual exclusion is $15,000.

4. line of credit loan will help protect a business in case of emergency. It is an open loan that the business can draw from when it needs more money, and pay it back. Unlike installment loans, once the principal is paid the line stays open for use in the future without the need to reapply each time.