Sentences with phrase «as alimony for»

In support of its decision to decline to treat any part of the temporary alimony as an advance on equitable distribution, the family court noted that both parties treated the payments as alimony for tax purposes.

Not exact matches

Can alimony qualify as earned income for the purposes of funding a Roth IRA?

If someone is guilty of a crime in this litany of «neithers» they should or should have been penalized as the law dictates to include jail terms for pedophiliacs (priests, rabbis, evangelicals, boy scout leaders, married men / women), divorce and alimony payments for adultery (Clinton, Kennedy, Woods), jail terms for obstruction of justice (Clinton, Cardinal Law, B16?)

I can neither retire nor remarry as that would make my new wife liable for the alimony to my ex-wife should I become disabled.

The then Prime Minister, Tun Abdul Razak Hussein put it like this: «Let us not regard the separation of Singapore from Malaysia as the two components of an unhappy marriage who, after being divorced, have recriminations and each fight for the maximum alimony or compensation for their own support after the breaking of their life together.

But there are a lot more for bitter (at least 25), as anyone paying alimony is probably aware.

Tax laws change every year, but adjustments to income typically include expenses you incur as an educator to purchase supplies and materials for the classroom, moving expenses that relate to starting a new job, student loan interest and tuition payments, alimony payments you're required to make, contributions to your IRA accounts and a number of others.

Other types of income that do not qualify as earned income for the credit include child support, retirement income, Social Security benefits, unemployment benefits and alimony.

Discharge types of debts singled out by the bankruptcy law for special treatment, such as child support and alimony (known as Domestic Support Obligations), student loans (but tuition is dischargable), court restitution orders, criminal fines, and some taxes.

Even those who do not have an actual job can qualify for the guaranteed personal loan because this loan is available to people who rely on benefits from Social Security Retirement, Social Security Disability, Supplemental Security Income (SSI), railroad retirement and other retirement plans, as well as those whose income is derived from child support, alimony, or palimony.

Alimony, child support or separate maintenance documentation if you wish to have it considered as basis for repaying this obligation.

(1) You do not have to disclose alimony, child support or separate maintenance income if you do not wish to have it considered as a basis for repaying the credit extended to you.

Proof of consistent alimony or child support payments, which may include divorce or separation documents, court records, canceled checks, etc. (You do not have to include information about income from alimony, child support or separate maintenance payments unless you want to consider this as income for your application.)

If an individual receives income from interest, dividends, pension proceeds, social security or unemployment benefits, alimony or child support, these do not count as earned income for purposes of the tax credit.

Expect the lender to verify eligibility for unemployment benefits or other sources of income such as alimony, child support, Social Security, or disability insurance.

Discharge types of debts singled out by the federal bankruptcy statutes for special treatment, such as child support, alimony, student loans, certain court ordered payments, criminal fines, and some taxes.

Additionally, he was obligated to pay $ 1,000 a month for five years in alimony, which we imagined as the financing for the world's most beautiful invisible BMW.

You can count child support and alimony as income if you have the court order mandating the payments and proof that they have actually been made for the last six months.

For purposes of making an IRA contribution, taxable alimony income counts as qualifying income.

Account holders must have earned income or alimony in order to open and make annual contributions to a Traditional IRA Certificate, and this account may not be used as collateral for any type of loan.

Although child support, alimony, and federal income taxes are not eligible for elimination, a bankruptcy lawyer can help you deal with financial situations you can not control — such as large medical bills or being laid off — before you get overwhelmed with debt.

Certain debts such as recent taxes, student loans, and alimony are non-dischargeable, meaning you may still be responsible for the debt even after bankruptcy.

You will be asked detailed questions and will possibly need to provide employment history for two years, current income including pay, commissions or bonuses, alimony or child support that you would like to be considered, dividends, asset information, and personal information such as your Social Security number, birthday, current address, and address history for the past 2 years.

If using Child Support or Alimony as income, copy of agreement as well as proof of receipt of the support for the last six (6) months

Deductions for alimony or student - loan interest that you've paid, as well as job - related moving expenses, medical insurance for the self - employed, and penalties for early savings withdrawal are all available to you, as are the new college tuition deduction and deductions for self - employment taxes — regardless of whether you itemize your deductions or not.

For such taxpayers, alimony will no longer be included as income for the recipieFor such taxpayers, alimony will no longer be included as income for the recipiefor the recipient.

You do not have to include alimony, child support, or separate maintenance income unless you want it considered as a basis for repayment.

The IRS defines eligible income as: wages, salary, tips, professional fees, bonuses, taxable alimony, commissions resulting from profits or sales, income earned if you are self - employed and the sole proprietor of a business, and the income you receive as a partner for providing services.

Other claims are then paid in their respective order as follows: wage claims to the extent of $ 4,000; contributions to employment benefit plans; customer deposits to the extent of $ 1,800; claims for debts due a spouse for alimony or child support; secured taxes; priority taxes and unsecured claims.

Income from Worker's Compensation, foster care, public assistance, Social Security, alimony, and child support may be considered if they have been verified as consistently paid and are likely to continue for a minimum of three years from the date of closing.

(Alimony, child support or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repaying the loan.)

Relief from ALL Debts — As a general rule, debts you are deemed personally responsible for — taxes, alimony, child support, student loans — won't be forgiven.

* Alimony, child support, or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repaying this obligation.

Documentation about your income such as salary, earnings and wages (for example W - 2s, alimony, investment income, social security)

In addition, the court looks at contributions of the non-custodial parent such as amount they pay towards day care, health insurance, any alimony they pay, and any other child support they are obligated for.

For instance, a pension in pay status can not be counted as income for alimony purposes if it was also a marital asset that has been divided in equitable distributiFor instance, a pension in pay status can not be counted as income for alimony purposes if it was also a marital asset that has been divided in equitable distributifor alimony purposes if it was also a marital asset that has been divided in equitable distribution.

Some for example treat adultery as a basis to deny alimony.

For example, in many states, property owned by one party before the marriage was commenced is not subject to division as marital property upon divorce and often the right to alimony following a short marriage that does not produce children is quite modest.

In addition to income information, you also need to collect documentation for reporting other tax - related income or losses such as stock gains / losses, student loan interest paid, alimony received, unemployment payments received, property tax paid and more.

Scott cited its retroactive application to existing alimony arrangements as his primary reason for doing so.

In making a determination of whether alimony is warranted, how much should be awarded and for how long, the court will apply several factors to each of the parties, such as:

The sole basis for that court's determination of fault was that, under Florida law, a wife found guilty of adultery can not be, as Mrs. Firestone was, awarded alimony.

Elimination of the deduction will lead to higher revenues overall for the government because the person who deduced the alimony was likely in a higher tax bracket than the spouse declaring the alimony as income.

We handle the initial spousal support aspect from divorce and post-divorce modifications for spousal support, also known as alimony, on an affordable fixed fee basis.

Divorced 3 years, paying alimony, ex was renting a duplex for about 2 years, purchased a 4 bedroom 3 bath house to use as her residence / office for a medical establishment for holistic breathing exercises.

Komar said certified divorce financial planners, accountants, realtors, appraisers and therapists and counselors all are likely to see an influx of clients for the remainder of 2018 as divorcing couples try to determine if they should finalize their divorce in 2018 before the alimony changes take effect.

Doing so could lead to potential claims for criminal conversation, alienation of affection, or even cut - off any claim for alimony (or require you to pay alimony) as a result of the adultery.

An «uncontested» divorce, in contrast to a «contested» divorce, is one in which both spouses desire a divorce and agree on issues including, but not limited to those, relating to the grounds for the divorce, custody of the children (if any children under the age of 19 are involved), and alimony (if pertinent) as well as a division of all real and personal property.

We therefore hold the record is insufficient for this court to make findings of fact as to whether any part of the temporary alimony paid should be offset against Wife's share of the marital estate.

Just as if you were mediating face - to - face, Joe will actively guide you and your spouse through our comprehensive divorce mediation process (in real - time) where he will help you identify, discuss, negotiate and resolve all of the issues required for your uncontested divorce including parenting plan, child support, alimony, dividing marital property, etc..