by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 17, 2023 | Divorce, Tax Assessment
💔Going through a divorce is tough enough, but it’s important to consider the financial implications, including the tax treatment of child support payments and alimony. Here’s what you need to know: 💰 Alimony Payments Alimony payments were tax-deductible...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 15, 2023 | Divorce, Tax Assessment
One of my clients recently asked me for a friend: “She is paying her ex-husband alimony and spousal support of $150,000 and $280,000 based on her 2017 divorce decree. Her accountant told her that these payments are no longer payable.” Here’s what you...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Sep 25, 2012 | Featured
Determining the tax consequences that can arise during a divorce or marital separation can be vital for the financial protection and well-being of you and your family. Thats why its important to understand applicable tax laws before making any major decisions.Often...
