Despite being paid 83 cents for every dollar men earn 40% of families, there’s been an increase of women paying spousal support to men. Mary J. Blige can attest to this and recently shared her ...

Taxes are already complicated enough without adding divorce or dependents to the mix. But if you’ve been making or receiving alimony or child support payments, you need to know how those payments ...

Forbes contributors publish independent expert analyses and insights. I empower divorcees to take control of their financial lives. We’ve all heard the song, and we all know the lyrics – “You gotta ...

Generally, whether a payment is alimony depends on IRC section 71(b). Alimony and separate maintenance payments (collectively referred to as alimony) are taxable to the recipient and deductible by the ...

In a lesson in frugality for divorced lawyers, a New Jersey appeals court on Monday denied an attorney's request to have his alimony and child support payments reduced because of his law firm's ...

The Tax Court held that spousal support payments received by a taxpayer from her ex-husband prior to the fourth and final support reduction were alimony payments, not child support, since the final ...