Nov 30, 2011 ... Now, it's time to specifically address the tax implications of alimony support
payments. Child support payments or property settlements (i.e., ...
If spouses follow certain rules, the IRS allows the paying spouse to deduct the
alimony payments for tax reporting purposes. In turn, the recipient must report the
Generally, the paying spouse deducts alimony payment from their taxes, but
there ... time looking at different payment scenarios and how they play out tax-
The spouse receiving the alimony payments must pay taxes on those payments
.... is temporary alimony, there is less time to deal with complex tax calculations.
Nov 9, 2010 ... Here are ten tips to help you handle tax issues now that you are divorced. 1. ....
My divorce has taken a long time, we are still in the process (a ...
A life event such as separation or divorce has many tax implications. ... child lived
with you for a longer period of time during the year than with your former spouse.
... During a divorce, it is important to carefully handle your retirement savings.
If you're the spouse who is paying alimony, you can take a tax deduction for the
payments, ... The time your spouse owned the place is added to your period of
ownership for purposes of ... Handle your retirement savings with care in a
Separated couples face choices that can have significant tax consequences. ...
on how your separation or pending divorce affects all types of taxes, such as
income, .... Actual prices are determined at the time of print or e-file and are
subject to ...
Mar 23, 2016 ... A general description of alimony tax issues. ... Lump sum alimony, as its name
suggests, is a one-time payment of alimony in the form of money ...
Feb 16, 2016 ... When the end of matrimony leads to the start of alimony payments, it will affect
each parting partner when it's tax time.