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Alimony Payments

Alimony Payments

What is alimony payment? This is a payment between current spouses or ex-spouses due to an ongoing separation in a marriage or divorce. Alimony (sometimes called support) payments...

Posted by Dennis Jao on 03/05/2021

Brea CA Tax Pro for Alimony Payments Tax Preparer for Alimony Alimony Payments Marriage Divorce Support Beneficiary TCJA Payee ITIN Payer SSN IRA Cash
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Confusion Over Alimony Deduction?

Confusion Over Alimony Deduction?

As of January 1, 2019, the new TCJA tax rules have impacted any U.S. spouse who has paid or received child support under a divorce or separation agreement entered into after December...

Posted by Unifirst Financial & Tax Consultants on 10/14/2020

Herndon VA Tax Pro for Alimony Deduction Tax Preparer for Alimony IRS Publication 5307 TCJA
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Understanding the Tax Implications of Divorce

Understanding the Tax Implications of Divorce

Divorce is hard and horrible. But at times, love turns sour, and two people have to part ways. The singular decision of parting ways involves many things. There are a ton of decisions...

Posted by Tim Thompson CPA PLLC on 08/07/2020

Coppell TX Tax Pro for Divorce Tax Preparer for Alimony Find a Tax Professional for Divorce Taxes
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Seven Rules to Follow for Alimony and Taxes

Seven Rules to Follow for Alimony and Taxes

Also known as spousal maintenance, alimony is the payment from one spouse to the other after divorce. This payment helps the lower-earning spouse maintain the same standard of living...

Posted by Daniel P Vigilante CPA and Profit Consultants on 08/07/2020

Morris Plaines NJ Tax Pro for Alimony Taxes Tax Preparer for Alimony
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