Who Gets the Stimulus Check When Spouses Are Separated or Divorcing?
Going through a divorce is stressful enough, but the coronavirus pandemic spreading throughout the United States presents additional complications for spouses who have decided to split. In addition to changes that might need to be made regarding custody and visitation arrangements while travel is restricted, negotiations over property division need to address any new economic… Read More »
Alimony Payments as Tax Deductions
For many years, alimony payments made to a former spouse under Section 71 of the Internal Revenue Code were deductible by the payor and taxed as income by the recipient so long as certain qualifications were met. As a result of the Tax Cuts and Jobs Act of 2017, for all agreements entered into for… Read More »