Is Interest On Back Child Support Taxable

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INTEREST COLLECTED ON PAST-DUE CHILD SUPPORT IS …

    http://www.facpa.com/documents/HT_1204C.pdf
    # Interest on past-due child support is taxable The CCA holds that interest paid on past-due child support is taxed to the recipient parent as interest. For the exclusion from income as child support to apply, the regulations require the decree, instrument or agreement must specifically designate

Office of Chief Counsel Internal Revenue Service memorandum

    https://www.irs.gov/pub/irs-wd/0444026.pdf
    Child support is not deductible to the payor spouse in the same manner that alimony is deductible. Alimony is taxable income to the recipient, and child support is excludible income for the custodial parent. It follows that deductible interest is not child support, and such interest received on past-due support is taxable income to the custodial

Alimony, Child Support, Court Awards, Damages 1 Internal ...

    https://www.irs.gov/faqs/interest-dividends-other-types-of-income/alimony-child-support-court-awards-damages/alimony-child-support-court-awards-damages-1
    Child support payments are neither deductible by the payer nor taxable to the recipient. When you calculate your gross income to see if you're required to file a tax return, don't include child support payments received. ... Interest, Dividends, Other Types of Income. Sub-Category. Alimony, Child Support, Court Awards, Damages.

Why is the interest paid on back child support taxable ...

    https://www.avvo.com/legal-answers/why-is-the-interest-paid-on-back-child-support-tax-2687750.html
    Why is the interest paid on back child support taxable? While researching some information in regards to interest paid on back child support, I found an article from IRS Chief Counsel Advice which...

Interest on Child Support Arrears

    https://www.ncsl.org/research/human-services/interest-on-child-support-arrears.aspx
    Apr 08, 2019 · Interest on child support obligations may be collected by any means available under State law for the collection of child support judgments. Ill. Rev. Stat. ch. 735, § 5/2-1303. Interest on judgment. Judgments recovered in any court shall draw interest at the rate of 9% per annum from the date of the judgment until satisfied or 6% per annum ...



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