Yes, alimony is taxable. This principle is well-established, but the rules change frequently. In the early 1970s, when the divorce rate went through the roof, many people avoided paying taxes on alimony by classifying it as a “property settlement.” The IRS quickly closed that loophole, and most states closed it as well. Then, from 1975…
What is Alimony?
In a word, or actually in two words, alimony is spousal support. Specific laws and guidelines vary in different states. In general, a judge may award alimony if the obligee (person receiving payments) has an economic need, and the obligor (person making payments) has the ability to pay. Spousal support (a/k/a maintenance) is a hot-button…
Legal Separation vs Divorce: Which is Best?
Legal separation vs divorce is a personal choice, just like marriage vs. cohabitation is a personal choice. No one, least of all a family law attorney, can tell you which choice is “best.” However, an attorney can lay out the pros and cons of each choice, which is what we’ll do in this post. As…
What Rights Does a Parent Without Legal Custody Have?
A parent without legal custody has child visitation rights, at least in most cases. That’s the short answer to what rights does a parent without legal custody have? Many parents make bad decisions about their own lives, as well as their childrens’ lives. The judge awards limited or no legal custody (power to make decisions…
Legal Custody vs Physical Custody: What’s the Difference?
The difference between legal custody vs physical custody is simple. Legal custody is the right to make decisions about a child’s health, education, welfare, and other such issues. Physical custody is the child’s physical location (where the child lives). Court orders always designate a primary legal and physical custodian. Usually, the same parent has primary…
10 Reasons for Sole Legal Custody
Back in the joint custody era, which lasted from about 1970 to 2010, sole legal custody arrangements were rather common. In those days, children “lived with” one parent and “visited” the other parent. So, a sole legal custody order was basically a limited visitation custody order. Beginning around 2010, most states passed co-parenting laws. The…
What is the I-90 Processing Time?
According to USCIS, the average I-90 processing time is between eight and fifteen months. As outlined below, I-90 processing time varies depending on the circumstances of each application, as well as the purpose of an application (renewal or replacement green card). So, individual I-90 processing times could be much shorter or much longer than the…
Maximizing Your Compensation After a Car Accident
Car accidents can lead to significant physical and emotional distress, not to mention financial burdens. This article aims to provide a detailed guide on how to maximize your compensation after a car accident. Understanding the Basics Why is Compensation Important? Victims of car accidents often face a series of unexpected costs, including medical bills, repair…
The Role of a Business Lawyer in Your Company’s Success Journey
For any business, irrespective of its size, scale, or industry, having a business lawyer by your side is a strategic move that can navigate you through a myriad of legal complexities. Here’s an in-depth look into the multifaceted role of a business lawyer and how they can contribute to your company’s success journey. 1. The…