Alimony; It’s Tax Deductible

The one thing people usually hate paying more than taxes is alimony, but did you know these payments are often times tax deductible? What is Alimony? According to the IRS, Alimony is a payment to or for a spouse or former spouse under a divorce or separation instrument. It does not include voluntary payments that are not […]

Reality TV Divorce Provides a Valuable Lesson

Celebrity divorces always pique our curiosity but, under the gossip and scandal, there actually lies a valuable custody lesson in Real Housewives star Bethenny Frankel’s divorce saga.  Sharing Custody in Divorce Despite allegations of fraud regarding the trust used to purchase the couple’s NYC condo, a contested alimony provision in their prenup, and a separation […]