Page 149 - CFF

Alimony and support

• To determine alimony and support, the income of each party must be

determined.

• Analysis of tax returns, coupled with knowledge of assets and liabilities,

can lead practitioners to suspect that income has been understated.

• Different types of alimony can be awarded.

• Insurance and other property can be used to secure payment of alimony.

• Child support payments are not deductible on tax returns because they

are not alimony.

• Amount of child support is based on factors, such as the number of

children and standard of living.

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