Child & Spousal Support

For purposes of calculating Child Support in a Virginia divorce, gross income is what is used (not net, not AGI, nor anything else). The term “gross ...

When a couple with children divorces, they need to consider how college expenses will now be planned. Will their original thinking about paying for college ...

The IRS Monitors Divorced Individuals’ Payments of Estimated Taxes.

The IRS rules are straightforward for divorced individuals who receive child ...

Terms of a Property Settlement Agreement (PSA)

A Property Settlement Agreement (PSA) is a contract between a married couple that sets out the terms ...

ALIMONY IS TAX DEDUCTIBLE BY THE PAYER AND IS CONSIDERED TAXABLE INCOME TO THE RECIPIENT. Paying spousal support (aka alimony) is one of the best tax ...

Alimony is a creature of both State and Federal Law: Spousal support, also known as alimony, is governed by a combination of state and Federal law. In ...

The US Tax Court, in the recent case of Johnson v. Commissioner, T.C. Memo 2014-67 (April 14, 2014) http://www.ustaxcourt.gov/InOpHistoric/johnsonmemo.buch.TCM.WPD.pdf, ...

Writing good Divorce Settlement Agreements—particularly when children are involved—blends two divergent, yet complementary, styles: (1) great specificity, ...

Parents often are confused about what their child support obligation is supposed to cover.   Like many things that involve the legal system, there is ...