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.
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