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Posts tagged "Alimony"

How does the IRS define alimony?

As personal an event as divorce is, it is not something anyone goes through alone. At the very least, the hand of the government weighs in and will seek to be sure that tax obligations continue to be met one way or another.

Flip side of the coin on lump sum spousal support

Divorce, even in its simplest form, is not very simple. There are many ways to go about dissolving the marriage and identifying the one that is best for your situation can feel daunting. The emotional aspects certainly require attention. But perhaps the most pressing issues revolve around money.

Stay organized if alimony is awarded

There are so many issues involved in a divorce. If you have children, custody and support payments will be central to divorce talks. If a bevy of assets are involved in your marriage, then property division will play a huge role. And if there is a potential financial disparity between the spouses in the wake of a divorce, then alimony -- also called spousal support -- could be awarded.

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