IMBRIANI, J.S.C.
This case tests the nature and character of "reimbursement alimony." Is it alimony or a marital asset that was equitably distributed or, perhaps, neither? The resolution has significant implications.
If it is alimony, payments are deductible for federal income tax purposes by the payer, 26 U.S.C.A. § 215, and includible in the gross income of the recipient, 26 U.S.C.A. § 71; but if it is a marital asset, it is neither...
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