Soccer - 618 Words

| Tax Research Project I | October 30, 2013 | | Molly Curry | ACCT-310-01 | | Facts: After Maria and Tatsuo are divorced, their two children continue to live with Maria. Pursuant to their divorce decree, Tatsuo pays Maria $1,000 per month in child support and $1,800 per month in alimony. The divorce decree specifies that in the event of a court ordered increase in child support, the alimony payment amount will decrease by the amount of the child support increase. That is, Tatsuo’s total monthly payment cannot exceed $2,800. Issues: How much of each payment is considered alimony? Does the change in child support have an effect on the amount of alimony received? Conclusion: Generally, child support is not†¦show more content†¦Such events that are included are: the child’s attaining a specified age or income level, dying, marrying, leaving school, leaving the spouse’s household, or gaining employment. Whether such event is certain or likely to occur is not considered in determining the contingency. A similar case to Maria’s is presented in the court case, Heller v. Commissioner, T.C. Memo 1994-423 (1994). Heller (the petitioner) received certain payments from her former husband, some of which were designated as spousal support and the remaining were designated as child support. Heller received $1,700 per month as spousal support, none of which was reported on her tax return. The divorce instrument stated that future spousal support would be reduced by any court mandated increase in child support. The Court cited Sec. 71 (c) (2) of the Internal Revenue Code and said that the provision which allows spousal support to be decreased by future court mandated increases in child support is not considered a contingency related to a child. The Court then ruled that the payments received by the petitioner for spousal support should have been included in her tax return and constitutes taxable alimony. Maria’s situation is similar to the Heller case. The increase in child support from a court-order is not considered a contingency related to a child and does not decrease alimony. Therefore, as it was also noted in Treasury Regulations Sec. 1.71 – 1TShow MoreRelatedSoccer Influence1686 Words   |  7 PagesThe Influence of Soccer Since its conception, soccer continues to dominate the global sports scene. As of 2015, 265 million people play soccer in the world. This widely known game was invented two centuries ago in England and quickly became one of the most popular sports in the world. Soccer is also exceptionally influential in the political world. The sport has the capability to spark war and bring peace to entire nations. Along with its effects on the political world, soccer is also a considerableRead MoreEssay on The Embodiment of Suspense in Soccer997 Words   |  4 Pagesreasoning, yet it still captivates me nonetheless. Soccer, or football, as most of the world knows it, stands out—at least to me—from virtually all sports. My opinion may be biased after a decade of playing, but there is a good reason I stuck with it for so long. While playing, I found myself to become so impassioned with not just the obvious, drawn-out goals of the game, but also with the paralyzing suspense present in no other sport quite as it is in soccer. I find it to be equally as exciting play asRead MoreSoccer: From the Native Americans to the American Soccer League549 Words   |  2 PagesOne of the most popular sports of all time is soccer. There are more kids in the United States playing soccer than any other sport. The history of US soccer goes back to the early sixteen-hundreds. In this essay you will learn about how pilgrims saw Native Americans playing soccer, the rise and fall of the American Soccer League, and how influential players have helped mold the sport. The history of soccer has paved the way for US soccer players like Landon Donovan and Clint Dempsey who willRead MoreThe Houston Dynamo : An American Professional Soccer Club1719 Words   |  7 Pages Description of the Company The Houston Dynamo, founded in 2005 in Houston, is an American professional soccer club that has gained popularity within the past few years through an increased interest in soccer on a national level. The explanation of the team’s name derives from the meaning of the word Dynamo- â€Å"someone who never fatigues, never gives up.† In 2006 and 2007 the Houston Dynamo were the MLS Cup winners. Five years later during their 2011 season, the Houston Dynamo moved from the EasternRead MoreThe Reality Of Women s Soccer1559 Words   |  7 PagesIsabel Cesarotti Dr. Barron ENC 1101 12 September 2016 The Reality of Women’s Soccer One of the clearest memories I have is of the day when my mom sat me down, looked me in the eye and said to me that as a women in this world, I was going to have to work ten times harder as any man to command respect. She told me that as a woman in this world, there are certain inevitabilities I have to accept. The main one is that life is unfair. She said that accomplishments are inevitably going to be handedRead MoreThe U.S. Soccer or Football1437 Words   |  6 PagesINTRO In the U.S soccer or football hasnt caught on quite just yet. Even though the American people have had recent success like in the 2002 World Cup and the 2009 Confederations Cup. Though extremely popular in European countries, soccer took a long time to gain momentum in the United States because Americans put more money and attention into other sports like baseball, football, and basketball. Soccer eventually became popular in the 1970s, but then lost popularity again when the National LeagueRead MoreSoccer : Soccer And Soccer1589 Words   |  7 Pages Elijah Bowers Ms. Kelly Lepsig English IV 28 October 2016 Soccer History and Soccer Athletes When I was 11, I joined a youth soccer league thinking that it was going to be the easiest sport i ever played. I soon came to realize that this was not the case. Soccer was more challenging than I thought. So that s why i Quit and played Baseball. I think I made the right decision. Soccer is the world s most popular sport.(according to espn.com rankings) It is the national sport of most EuropeanRead MoreThe Soccer Of A Soccer956 Words   |  4 Pages I been playing soccer since I was five years old and I never been in a fight while playing or seeing one. That changed when I moved to Fargo. I was born in Kenya and raised there. My family and I moved to the United State in 2008. We lived in Memphis, TN for a couple of months and we moved to Portland, Maine. I have passionate for the sport of soccer. I play other sports such as basketball and football, but I enjoy playing soccer the most. I played soccer my four years of High School and itRead MoreThe Culture Of Soccer Is More Than Just Articles1285 Words   |  6 PagesThe culture of soccer is more than just articles written in sport pages, or rumors about players been transferred from one club to another. It includes a bigger picture that covers many different social, political and economic aspects of the game. In countries where the sport is not that relevant, people refer to it as soccer. In others where the sport is very popular and has been around for a long time, it is r eferred to as football. When it comes to the sport, there are two very different ideasRead MoreThe Sport Of Soccer And Soccer981 Words   |  4 Pages Soccer is, without a doubt, the best and the most beloved sport in the world but nobody would think that this astounding sport was hated by the place where it was originated, the America. Soccer is the worldwide sport with huge majority of subscribers all over the world. Unlike soccer, football is mainly an American sport which only attracts the Americans. But why American peoples hate soccer? There are a lot of debates that goes on regards with football and soccer. Whenever the controversy between