Michigan divorce law update: Alimony and tax considerations.

Alimony, taxes and divorce in Michigan:  Addressing potential tax issues in your negotiations can avoid problems in the future. For example, many lawyers believe that alimony payments are always tax-deductible to the person paying and taxable as income to the recipient.  This is not the case.  In order to qualify for the taxable or tax-deductible … Continue reading Michigan divorce law update: Alimony and tax considerations.