Ordinarily alimony is deductible from the payor’s gross income, and includable in the recipient’s gross income, for income tax purposes. Thus there is some tax advantage to paying alimony. But, that advantage can be eliminated if you don’t pay heed to the IRS’ Alimony Recapture Rule (I.R.C. § 71(f)). If you are caught in the […]
Month: May 2014
Attorney’s Fees In Representation Agreements
When entering into a representation agreement with your attorney in a dissolution of marriage case, you will find that generally, attorneys charge for their services based upon an hourly rate and require a retainer to cover a certain number of hours of work on your case. Generally, the attorney will also require payment of additional […]
Importance of Timesharing
Parents who have a limited amount of timesharing with their children (for example every other weekend), often feel that they are required to do something “extra special” each time they are together with their children. This can result in unrealistic expectations on the part of the children and a tremendous strain on the parent’s budget. […]