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The effects of the COVID-19 have been many, with one of these being the finances of every individual no matter what their financial status is. It creates a ripple effect. An excellent example of this is for those that have the responsibility for paying child and spousal support. General Rules The general rule is that…
For couples that have recently separated it takes a while before the dust settles and both parties go about their own business. Then tax time arrives and who gets to claim what starts upsetting what was becoming an amicable agreement. One of the big issues is money that may have been made to the…
If you are required to make support payments it is important that you understand how these fit into your tax obligations. It is always difficult when going through a separation to determine how this may now have an effect on your taxes. First, there are two types of support payments. There is the type…
