Sentences with phrase «as alimony if»

Your payments qualify as alimony if:

Not exact matches

Maintenance, also termed alimony, can also be counted if documented in a divorce decree, along with the recurring method of payment such as automatic deposit.

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?)

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.

Exceptions include if the spouse is part of the credit application or will use the account; if the applicant is relying on a spouse's income; or if the applicant is relying on money from a former spouse, such as alimony or child support.

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.

If your debts are ones that can't be discharged under a Chapter 7 bankruptcy — such as alimony and student loans — then Chapter 13 may be the only option left.

You'll treat alimony as earned income to see if you're eligible to make an IRA contribution.

But if you are not a small business owner, there are still above - the - line deductions you can take such as stock losses up to $ 3,000, IRA contributions, student loan interest, moving expenses, alimony and several other items.

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.

Can anyone comment on whether this is a reasonable interpretation of the meaning of «alimony,» and / or explain how the IRS might view it if the alimony - paying spouse submitted a tax return as «Married Filing Singly» reporting the alimony paid as a deduction from taxable income?

Disclose any alimony or child support you receive as income if you plan to use it to repay your loan.

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

If you pay monthly child support, alimony, or daycare expenses, include those as well.

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.

DTI is the percentage of a consumer's gross income that goes toward paying all recurring debt payments, including rent, mortgage, credit card payments, car loan payments, student loan payments, and legal judgments (such as child support or alimony, if disclosed).

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.)

* 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.

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 distribution.

If a person seeking alimony has some sort of limitation in terms of their earning capacity as a result of a diagnosed mental illness, the court is going to take that into consideration when determining the financial need of that party.

North Carolina judges consider marriages as partnerships, and if one spouse supports a dependent spouse during the marriage, then alimony is usually granted.

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.

§ 20-3-130 (A)-RRB-, one might have thought that a pendente lite agreement «that neither party will use adultery as a bar to alimony» would protect Ms. Eason's right to alimony if she subsequently committed 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.

Alimony Determination Alabama: If you are a dependent spouse, you may be entitled to spousal support as ordered in the divorce decree.

1) In my understanding the gender - gap explanation requires that the difference between how much money men and women make is more or less proportional to the difference between how many men pay alimony to the woman and how many women pay alimony to the man, and I'm interested in understanding if this logic is right as I'm no expert.

If the circumstances of a divorce result in a large income or employability disparity between the spouses, then short - term or long - term financial compensation could be awarded to one spouse from the primary wage earner in the form of spousal maintenance (commonly known as alimony).

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..

For example, if both spouses agreed (in the prenup) to keep their respective employee stocks separate and that neither would pay alimony in the event of a divorce, but 25 years later (at the time of divorce) one spouse's employer had gone bankrupt and he or she was out of work with no income, while the other spouse had become a multi-millionaire as a result of the employer's widely successful IPO — a court may find that the 25 - year - old agreement prohibiting any alimony is too unfair to enforce.

If the divorce or separation agreement requires you to pay these premiums, and your spouse owns the policy, then you may be able to deduct those premium payments as alimony.

Essentially, if the divorce decree or separation agreement states that you must pay expenses for a home owned jointly by you and your spouse / former spouse, and you must pay all of the mortgage payments, real estate taxes and / or homeowners insurance, then you may be able to deduct a portion of these payments as alimony.

If, as a result of a final and binding judicial determination or because of a subsequent change in the governing law or its authoritative interpretation, it is established that any or all of said payments are not deductibe by xx, the parties agree to renegotiate the amount of the alimony payments so that this amount is consistent with the intention of the parties.

Annual income (salary, bonuses, retirement income, etc.) and other income (child support, alimony) if you wish to have it considered as a basis for repaying your motorcycle loan

Take the amount of alimony or child support into account as you determine how much life insurance is needed, if you are ready to buy a term life insurance policy.

However, premium payments may be deductible and expensed if they are part of alimony payments or as charitable contributions.

If divorce proceedings have begun, it's important to draft a formal separation agreement as soon as possible, establishing the spouses» rights regarding property, debts, temporary alimony, child support, and child custody.

Florida requires different petitions if you have children, if you don't have children but have marital assets, or have no children or property but want the court to rule on other issues, such as alimony.

If you expect to receive alimony and child support from your spouse, you may want to require (in the separation agreement) that your spouse buy a life insurance policy (or keep the existing one in force), naming you as the beneficiary.

If you can't reach an agreement with your spouse on how to pay expenses during your divorce, you may file a motion for alimony «pendente lite» — temporary alimony, sometimes referred to as «post-separation support.»

There are several reasons: (a) it's less adversarial than going to court; (b) it's more private; (c) you retain control of the process — i.e., you are not bound by what the mediator thinks (indeed, most mediators see their role as helping the parties effectuate their goals, not imposing the mediator's ideas); (d) it's usually much less expensive; (e) if there are children involved, the process is less likely to embroil them in a painful conflict; and (f) mediation often gives divorcing couples a better chance of successfully negotiating issues that may come up in the future (such as child support, alimony, or custody and visitation issues).

A man must pay alimony if ordered to do so by the court; failure to pay might result in legal consequences such as wage garnishment.

If a written answer is required, you'll need to draft it in the same form as your ex-spouse's motion to modify alimony.

If alimony was set through a separation agreement that allows for termination upon cohabitation, you may be able to stop paying and then raise cohabitation as a defense when your former spouse sues you for breach of the agreement.

In some states, such as North Carolina, courts are required to terminate alimony, if established by court order, upon the paying spouse's proof of cohabitation by the receiving spouse.

If one of your clients expects to receive spousal maintenance or alimony as part of a divorce settlement or court order, you may want to delay finalizing that client's divorce until the beginning of 2019 so he or she won't have to pay tax on the alimony or spousal maintenance payments.

Similarly, if a divorce involves economic issues such as a business valuation, alimony, or complex tax issues, the team can engage a mutually selected and specially trained certified public accountant or business appraiser to advise them on those issues.

Alimony is modified or terminated due to a change in circumstances such as a supportive relationship, or if one party passes away, or remarries.

If your ex-spouse has stopped paying his alimony or is not paying as much as he is supposed to, the past due alimony will accumulate into what is known as an arrears.