By Evan Kirshenbaum | Published February 26, 2016 | | |
- Family Law Overview
- Division of Assets
- Child Custody
- Child Support
- Divorce Modifications
It’s that time of year when filing income taxes in on everyone’s minds. If you are in the process of organizing your tax-related paperwork, spending a few extra minutes, taking stock in your allowable deductions is an equally important exercise. If you began making alimony payments in the last year or are one of the Read MoreRead More
In certain divorce situations, a judge may assign one spouse or another to pay alimony to the other spouse in order to help that person get back on their feet financially. It is important to realize that there are many factors involved in this arrangement, making it especially important for the spouse receiving alimony to Read MoreRead More
Many divorcing couples are surprised to learn that alimony payments have federal tax consequences. In general, alimony is taxable to the spouse who receives support payments and is deductible by the spouse who makes support payments. The Internal Revenue Services guidelines specify what is and is not considered alimony. For example, payments will be considered Read MoreRead More
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