Divorce and Taxes
In short, maintenance payments must be declared as income by the person who receives them, and are tax deductible for the person who pays them. Child support payments, however, are neither taxable to the payee or deductible by the payor. More detailed tax information can be provided by your attorney or by a tax professional.
To view this article in it's entirety, please click here:
Located in Denver (303) 299-9484 and Fort Collins (970) 472-1838, The Harris Law Firm is Colorado's largest family law firm. Focusing exclusively on Colorado Divorce and Colorado Child Custody and Support, the firm's philosophy is to work with you to resolve your legal matter in the best way possible. When you consult with one of our attorneys, the expert legal advice you receive will help you understand your rights and options according to Colorado law. And when you retain this AV rated firm, the many years of combined experience provided by your legal team will ensure that the resolution of your case is handled in the most organized, timely, cost efficient and effective manner possible. If you want to limit conflict and protect your rights, call us today to schedule a private consultation in our Denver or Fort Collins offices. Call us at 303 299 9484 or send us an email at email@example.com.
0 Comments, 1768 Views