Divorce Alimony
Divorce Alimony is the money disbursed by the higher income spouse to the lower income spouse post divorce. It is also called as "spousal support" or "maintenance."
IRC (Internal Revenue Code) 71 has set down several requirements regarding alimony that must be satisfied. These are as follows.
- If the recipient spouse dies, the payments must be terminated
- If the spouses are staying in the same residence, alimony cannot be disbursed. This includes residing in different wings, different bedrooms and separate quarters in the same residence. It is mandatory to live in separate houses having separate roofs
- If the couple seeking divorce files a joint tax return for a particular year, the spouses cannot claim alimony for that year
- The divorce alimony payments must be mentioned in the divorce or written agreement. Thus, if one partner has been paying informal support for the previous few months, he/she cannot claim that he/she has been disbursing alimony for that period
- The payments have to be in the form of cash. Money orders or checks are accepted. However, services, property and debts are not
A couple intends to get divorced as they don't wish any ties with each other. However, divorce alimony can keep the spouses tied with each other for the entire life. It has been observed that although the divorce is amicable, the issue of alimony ignites the relation.
Here are some topics associated with divorce alimony:
Information about state specific divorce alimony:
| 
