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The tax change on alimony was not an act of altruism. The Joint Committee on Taxation has estimated this single provision will increase revenue to the IRS by approximately $6.9 billion over 10 ...
Alimony and child support are terms used in discussions surrounding divorce and separation, but they refer to very different financial responsibilities.
Who gets alimony and for how long comes with a whole new formula, designed to make it fair for everyone. But some ex-spouses say the new rules have created a hardship that is unfair and unjust.
The law was enacted after Barbara Bentley was ordered to pay her husband alimony after he was convicted of attempted murder. Bentley lobbied for the law to be changed in 1995 and was successful.
Yes, regular alimony payments can be modified (up or down). As some NFL ex-wives may soon discover, a judge can reduce alimony if there is a significant negative change in the payor’s financial ...
Yes, there are. For instance, in certain circumstances, divorcing women should consider the benefits of an Alimony and Maintenance Trust (also known as a Section 682 Trust).
Discrepancies between the amount of alimony deducted by payers and reported as income by its recipients increased by 38% in six years, to $3.2 billion for tax year 2016, the Treasury Inspector General ...
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