Alimony Payment

Alimony Payment

A payment one makes periodically to a former spouse (or a current spouse from whom one is separated). Alimony payments are tax deductible for the paying person and are taxable income for the receiving person.
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References in periodicals archive ?
"Alimony payment issues have been improved dramatically, despite some reported delays between alimony collection by the police and paying it to the beneficiaries, due to court involvement," Fyttis explained.
In Schneider, the case was remanded for the trial court to consider how much, if any, of the support to the former wife was being used to support her boyfriend and to reduce the alimony payment "to that extent." Similarly, in MacLaren v.
(6) The obligor's child support and/or alimony payment schedule.
The alimony payment schedule should include some alimony payable in the third year.
This means that the recipient will have the use of the full amount of each alimony payment. However, because alimony payments are no longer deductible from gross income, the paying spouse will likely want to pay less alimony.
Phillips also awarded Irene a monthly alimony payment worth $5,000.
Since her return, the woman won a case seeking full-time custody of her child, the daughter removed from her divorced husband's care and a Dh100,000 alimony payment from the man.
For the purposes of this item, it is assumed that the recipient of the alimony payment is a U.S.
The story follows Jane Sidley, a thirty-one year old moderately successful attorney, from the day she makes her last alimony payment to her rat of an ex-husband to the day he becomes a hero, falling from a tenth story window while trying to stop a terrorist bomber, sacrificing his own life to save the lives of Jane and her unborn child, whose paternity is uncertain.
By then a conflicted superstar saddled with a whopping drug habit and massive debts, this a vengeful poke in the eye to his ex is not only a novel way of raising the hefty alimony payment owed but also one of Gaye's best ever LPs.
The individual preferences of the payor and recipient are in direct opposition--the payor would like the tax benefit of the alimony payment (i.e., a deduction), and so would the recipient (i.e., an exclusion).