When divorcing couples are discussing spousal support in California, they need to be aware of the tax implications of their divorce. Federal laws enacted by congress and enforced by the Internal Revenue Service (IRS) are different than laws enforced by the California Franchise Tax Board (FTB). Spousal Support and Taxes IRS rules. Under federal law, a person paying spousal support may … [Read more...] about Tax Issues in a California Divorce
Spousal Support
Fact or Fiction?: 10-year Marriage Guarantees Alimony (spousal support in California) for life
Marital happiness lasts for approximately seven years before the average spouse begins to get restless and stray from their vows of faithfulness – or so says the theory of “The 7-Year Itch.” It probably isn’t a good idea to put significant stock in a theory popularized by a movie starring Marilyn Monroe, but the concept is not complete fiction. The underlying truth of this theory is that … [Read more...] about Fact or Fiction?: 10-year Marriage Guarantees Alimony (spousal support in California) for life