Divorce is hard. According to Uhhospitals.com, stress from divorce ranks right up there with a loved one’s death, relocating and losing a job. Generally, no one takes The Vow with the intention of getting divorced later; we’re looking for our happily ever after, not a messy break-up. As if divorce wasn’t traumatic enough, it seems… Read More

For years, tax prepares have reported payments that meet the requirements (under 71(b)(2)) as deductible alimony by the payer, along with the recipient’s Social Security number, to ensure the recipient reports the matching amount as income. The taxpayers must have a written divorce or separation agreement, and the agreement must meet several tests to be… Read More