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If judgment says in lieu of spousal support are those payments considered taxable income?
No. However, if goods or real estate is recieved in lieu of spousal support, and the recipient then sells it, the recipient would then be responsible for any tax burden for the sale. Monetary spousal support payments recieved are not considered taxable income.
What else can I help you with?
Is child and spousal payments protected from garnishment in AZ?
only child support. Spousal support is taxable income.
Is spousal support tax deductible?
Spousal support payments would not be deductible on your income tax return. Only Alimony payments would be deductible on your 1040 income tax return.
Can long term disability payments be garnished?
Not by a judgment creditor. They are subject to garnishment for child support, federal tax arrearages and in some cases spousal maintenance (alimony).
where can i get a cash payout for spousal support payments?
Spousal support payments are not a "sure thing," which is a key element in a cash settlement. While the support/alimony is court-ordered it is not guaranteed, and there is no lender or settlement company that wish to engage in chasing down a spouse to secure payments that were assigned to you. You cannot assign the payments to a lender/settlement company.
Can a lien take your child support?
No. A judgment creditor cannot take possession of child support payments to satisfy a lien.No. A judgment creditor cannot take possession of child support payments to satisfy a lien.No. A judgment creditor cannot take possession of child support payments to satisfy a lien.No. A judgment creditor cannot take possession of child support payments to satisfy a lien.
Can you receive spousal support and remarry while receiving it?
Yes, you can receive spousal support and remarry; however, in many jurisdictions, the remarriage of the recipient typically leads to the termination of spousal support payments. It is essential to check the specific laws in your area, as they can vary significantly. Additionally, the terms of the divorce settlement may also influence whether spousal support continues after remarriage.
Is a spousal support award enforceable by law?
Yes, but the "extraordinary remedies" available to collect child support (interception of Federal and state payments, liens on real and personal property, etc.) are not available to collect unpaid spousal support.
What is a spousal support lawyer?
"A spousal support lawyer is an attorney who mediates between the parties and makes sure that everything is done legally, professionally and amicably when spousal support (alimony) is part of a divorce settlement."
Does my ex-husband have to pay spousal and child support payments owed due to a divorce decree if he goes bankrupt?
child support cannot be cleared
Can you receive alimony when you are married?
No. It is customarily written into the divorce decrees that if the spouse who is receiving alimony (aka spousal support) re-marries, the support payments will cease. Now, this does not happen automatically ... the spouse who is paying support must file in court to get this stopped - once the filing has been made, disbursing payments to the other will cease, but garnishments to wages will continue until the court hearing. Once the judgment has been issued in your favor, you will get back the monies back to the date you filed your paperwork to ammend the payments of spousal support.
What happens to spousal maintainance and child support if the person files for bankruptcy?
Spousal support and child support debts cannot be discharged in a bankruptcy, so the ex spouse must continue to keep making the payments. Failure to do so can lead to a dismissal of the bankruptcy case.
Can a current wife's income be considered in calculating her husband's spousal support to his ex wife?
No.
