Easy To Trip Up On Alimony Deduction

Here comes another annoying alimony decision.  This one has a real gotcha to it.  James Chiavacci was paying $500 per month in alimony.  After about 13 years of that he decided to ask for a break, because of changed circumstances.  His ex was opposed to giving him a break, but after some negotiating there was a meeting of the minds:

http://www.forbes.com/sites/peterjreilly/2012/07/04/easy-to-trip-up-on-alimony-deduction/

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