How Does Spousal Support Work in Virginia?

How Does Spousal Support Work in Virginia?

Estimated Reading Time: 8 Minutes 20 seconds

Virginia Code
Virginia statutory law speaks generally of the criteria that a judge must consider when deciding an alimony case. However, the listed criteria give almost no guidance to the courts when making a determination as to “how much” spousal support is to be paid and “for how long” spousal support should last.

IRS Tough When Child Support Upon Divorce Disguised as Alimony – Child Contingency Rule Steadfast

IRS Tough When Child Support Upon Divorce Disguised as Alimony – Child Contingency Rule Steadfast

Estimated Reading Time: 3 Minutes 30 seconds
This article only applies to divorced or divorcing spouses whose alimony award was established, pursuant to a Property Settlement Agreement (PSA), and/or the spouses were officially divorced, on or before December 31, 2018.
Child Contingency Rule
The US Tax Court, in the recent case of Johnson v. Commissioner, T.C. Memo 2014-67 (April 14, 2014), has cleared up some misunderstandings regarding the IRS’s Child Contingency Rule.

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What Your Divorce Lawyers Do Not Always Tell You: Alimony Requires Estimated Tax Payments

What Your Divorce Lawyers Do Not Always Tell You:  Alimony Requires Estimated Tax Payments

Estimated Reading Time: 5 Minutes 20 seconds
This article only applies to divorced or divorcing spouses whose alimony award was established, pursuant to a signed Property Settlement Agreement (PSA), and/or the spouses were officially divorced, on or before December 31, 2018. 
The IRS Monitors Divorced Individuals’ Payments of Estimated Taxes.

Child Support Income Determinations – Virginia Divorce

Child Support Income Determinations – Virginia Divorce

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 income” is very broadly interpreted. It includes, but is not limited to:

Salaries
Wages
Commissions
Royalties
Bonuses
Dividends
Severance Pay
Pensions
Interest
Trust Income
Annuities
Capital Gains
Social Security Benefits (can be complicated)
Workers Compensation Benefits
Unemployment Insurance Benefits
Disability Insurance Benefits (can be complicated)
Veterans Benefits
Spousal Support received
Rental Income
Gifts
Prizes
Awards

Gross income does NOT include:

Benefits from most Public Assistance programs
SSI benefits
Child Support received
Income received by payor for secondary employment where that income is being obtained specifically to discharge a child support arrearage established by a court or administrative order and the payor is actually paying that arrearage.