Custody of baby dexter, Instead of paying alimony to

Custody of baby dexter

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Reference no: EM13992038

Erica and Raphael are divorced during the current year. Because Erica made mil- lions in the record industry while Raphael served as the homemaker and primary care- taker of baby Dexter, Erica agrees to give Raphael 20% of the stock in her record business. The fair market value of the stock is $1,200,000. Instead of paying alimony to Raphael, Erica agrees to hire him as a handyman for five years at a salary of $190,000 per year. Raphael's position has no stated responsibilities. Raphael has custody of baby Dexter. Discuss the tax implications of these arrangements.

Reference no: EM13992038

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Custody of baby dexter : Instead of paying alimony to Raphael, Erica agrees to hire him as a handyman for five years at a salary of $190,000 per year. Raphael's position has no stated responsibilities. Raphael has custody of baby Dexter. Discuss the tax implications of th..

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