Year One Alimony Payment: $
Year Two Alimony Payment: $
Year Three Alimony Payment: $
Year Four Alimony Payment: $

1. Excess Payment Second Year:

Year 2 payment: $

-

Year 3 payment: ($

+

Section 71 amount: $15,000)

=

YEAR 2 EXCESS PAYMENT: $

2. Average Unrecaptured Payments Made In Year 2 and 3:

Year 3 payment: ($

+

Year 2 payment: ($

-

Year 2 recaptured amount: $)) / 2

=

AVERAGE UNRECAPTURED AMOUNT PAID: $

3. Excess Payments in First Year:

Year 1 payment: $

-

Average unrecaptured amount: ($

+

Section 71 amount: $15,000)

=

YEAR 1 EXCESS PAYMENT: $

4. Total Excess Alimony Payments:

Year 1 payment: $

+

Year 2 payment: $

=

TOTAL EXCESS ALIMONY PAYMENTS: $

Payee gets deduction on gross income of excess payments.
Payor must report excess payments under gross income on year 3 tax return.