In a ruling against the IRS, the Tax Court underscored that while alimony must be made under a divorce or separation instrument to be deductible, the payer doesn’t have to be legally obligated to make ...

Divorce can create a host of personal and financial problems for the parties involved. A misunderstanding about the tax consequences of a settlement agreement can exacerbate these difficulties. John ...

Often used interchangeably, the terms alimony and spousal maintenance both refer to different types of financial support paid by one spouse to another, during or following a divorce. Understanding the ...

On the other hand, a one-time lump sum alimony is generally treated as a capital receipt and therefore not taxable in the recipient’s hands. When a divorce involves both a one-time settlement and ...

We have written a lot about termination of alimony based upon cohabitation, both before the 2014 Amendment to the alimony statute making it easier, and after the Supreme Court’s decision in the ...

Those receiving Social Security could see their alimony figures change after a state court ruled the benefits can be calculated as income for spousal support. The Colorado Court of Appeals ruled ...