Child support can be assessed to prevent the custodial parent from having to shoulder too large a share of the costs associated with raising a child. Parents must be aware of their responsibilities regarding child support.
Alimony is being incorrectly reported on income taxes
Alimony is a legal device that can help balance the finances of divorcing spouses here in Georgia, particularly when there is a large discrepancy in their earning levels. However, as we covered in a recent post, when alimony is ordered, each spouse must follow all rules concerning the reporting of these payments.
Husband of TV host seeks full custody of child in divorce
Parents involved in the divorce process often request a child custody agreement that is motivated by their own self-interests, such as hurting their former spouse or receiving the highest amount of child support possible. Parents should instead seek an agreement that is in the best interests of their children.
Alimony payments can affect taxes
In a Georgia divorce case in which there is a large disparity in income between the spouses, or where one of the spouses has a limited work history, alimony may be appropriate. If alimony is ordered, the payments may have an impact on each spouse's taxes, and they should plan accordingly.
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