Calculate Child Support: Do One-Time Relocation Payments Count As Income?

Question: How do child support calculations count one-time relocation payments? I moved as a requirement of my employment and received a tax neutral relocation payment to offset losses on the house I sold, moving, and purchasing expenses. Can my ex-wife go after that money next year when it shows up …

What Is An Alimony Buyout And Is It Right For You?

By Cordell & Cordell Divorce Lawyers An alimony buyout, often referred to as lump sum alimony, is an upfront, one-time payment to the recipient party, which is less than the equivalent of the present day value of the payments over time. In most cases, the interests of persons asked to …

Structure Of IRA Property Division To Avoid Tax Liability

Question: My property division question is about how my IRA account will be divided. We have agreed to splitting the amount with my receiving 100% of the value of the IRA at the time of our marriage and then splitting the contributions and earnings of the IRA after our marriage …

Am I Responsible For My Ex’s Tax Obligations That Were Incurred During Our Marriage?

Question: We have been divorced for several months, but my ex-wife is trying to get me to pay for her bill with the IRS due to a mistake on her 2010 tax return reporting when we both filed individually. Am I responsible for my ex-spouse’s tax obligations that were incurred …

Tax Tips: Claiming Single On Tax Status Before Divorce Is Final

Question: My wife and I are in the process of getting a divorce, but her paycheck stub lists her tax filing status as “single” with our child as her dependent. Can she claim herself as “single” on taxes before our divorce is final?

Do You Have To Report Increased Income To The Court?

Question: I was recently promoted and will receive an increased salary. Since I pay child support to my ex-wife am I legally obligated to inform her or the court of my increased income? I assume that would automatically result in a child support modification and an increase in my payments.

Tax Tips: My Ex-Wife Is Still Using My Last Name On Her Tax Returns

Question: Is it legal for my ex-wife to still file her taxes under my last name? We have been divorced for several years, yet she continues to use my last name on her tax filings.

Handling Tax Debt If Not Addressed In Divorce Decree

Question: My ex-husband and I filed a joint tax return in 2010 while still married and we owed a lot of money. We divorced in 2011. How would we handle the 2010 tax expense debt if it was not addressed in the divorce decree? My ex-husband says I owe him …

What Child Tax Breaks Am I Eligible For?

By Tara N. Brewer Special to DadsDivorce.com As you scramble to file taxes before the deadline, many divorced dads or separated parents face two questions. Who can claim the dependent/s and what tax breaks can I qualify for? For tax purposes, children are dependents. The parent raising the dependent the …

Tax Tips: Are Property Settlement Payments Tax Deductible?

Question: I pay a monthly property settlement to my ex-wife on the equity in our former marital home. This payment is mandated in our marriage separation agreement. Are these property payments tax deductible?