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Did you know? Alimony Payments

Did you know? Alimony Payments

Did you know that an individual receiving alimony payments may treat those payments as compensation for the purpose of making IRA contributions?

This allows an individual receiving alimony to make contributions to deductible Traditional IRAs or nondeductible Roth IRAs. 

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Lee Reams, BSME, EA

Lee Reams, BSME, EA

Editor-in-Chief

Besides his role at CountingWorks as an educator and speaker to thousands of accountants nationwide, Lee manages a technical research service for a large group of tax accountants which sharpens his technical skills. Lee served on the Board of Blackline Systems, is a former Board of Director for the California Tax Education Council, is a Past President of the San Fernando Valley Chapter of Enrolled Agents, Member and Past Director for the California Society of Enrolled Agents.

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