Blog Posts in August, 2018

Common Divorce Mistakes

Divorce is stressful. There really isn’t any way around that. It’s emotionally draining, financially taxing, and if you have children involved it can be overwhelming trying to balance parenting, your own well-being, and the legal implications of your divorce. However, being prepared and understanding what you should, or in this case, shouldn’t do, will help alleviate some of that stress as you ...

How The New Tax Law Affects Alimony Payments, Part III

Our previous two blogs have focused on the new tax law and its impact alimony payments. The law takes effect January 1, 2019, and means the spouse paying alimony won’t be able to take a deduction, while the spouse receiving alimony will no longer have to report it as income. The upcoming change has people wondering if they should have their divorce judgments finalized before the end of 2018, or if ...

How The New Tax Law Affects Alimony Payments, Part II

In our previous blog, we talked about the new tax law. Beginning January 1, 2019, the spouse paying alimony won’t be able to take a tax deduction, while the spouse receiving alimony will no longer have to report it as income. How this may affect modifications to judgments made in 2018 or earlier remains to be seen. That’s why in this series, we are reviewing the reasons for a modification in ...

How The New Tax Law Affects Alimony Payments: A Three-Part Blog Series

Divorce agreements are impacted by several factors, one of which is the new tax law. Because of the new law, the spouse paying alimony won’t be able to take a deduction, while the spouse receiving alimony will no longer have to report it as income. Some experts are predicting an increase in divorces, as the spouse paying alimony may try to take advantage of the current deduction before it’s ...