Tax Deduction Buyout

Discussion in 'Financial Terms' started by shasha1995, Nov 20, 2012.

  1. shasha1995 Member

    spanish mexican
    Is anybody familiar with what is a Tax Deduction Buyout?

    I am translating some information on divorces and there is a line that says "Do you wish to include the Tax Deduction Buyout provision in your divorce documents?" There is no other context, is just this line buy itself but I do not know what it means therefore I don't really have an idea how to translate it into spanish. I would appreciate any help.
     
  2. k-in-sc

    k-in-sc Senior Member

    (Is anybody familiar with what is a Tax Deduction Buyout is?)
    Is it talking about lump-sum alimony?

     
  3. shasha1995 Member

    spanish mexican
    I don't believe so, I found another line further down, it says "If you and your wife want to maximize your tax benefits and are willing to exchange tax information, you may include a Tax Deduction Buyout provision" I guess that gives a better idea of what it is referring to, however I still don't know how to translate it, any ideas?
     
  4. k-in-sc

    k-in-sc Senior Member

    In that case it sounds like it's referring to the tax treatment of the mortgage on the couple's house. I'm not sure, though. Sorry ...
     
  5. cubaMania Senior Member

    Puede que sea esto:
    http://www.utahlegalservices.org/pu...ts-to-claim-the-child-for-income-tax-purposes
     

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