Do I pay taxes on alimony I haven't recieved last year?
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Hi, my ex to be owes on alimony and child support over $30000.00 for last year. Do I pay taxes on it? He made couple payments and than quit and DCSE had to start garnish his salary. Now he is freelancing and cashes checks and doesn't pay anything. My income is approx. $20000.00. I still have high expenses on legal fees and owe 18000.00 to my att. Can I deduct some of those expenses since they relate with my alimony income? My ex-to be is refusing to follow court order and keeps the divorce open. Thank you very much for any advice Hana
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Answer:
You owe tax on alimony you receive not what is owed but not paid.
Max Hoopla at Yahoo! Answers Visit the source
Other answers
alimony should be reported to you on a 1099 form if he didn't pay you the amount he is ordered to you cannot claim income you never got if your income is $20000, filing head of household with a child, $15900 is not taxable, leaving $4100 taxable and if this is earned income makes you eligible for EIC and child tax credit you use SCh A if you can itemize greater than $8500
tro
*IF* the legal fees are clearly to get the alimony, they are deductible, but reduced by 2% of your AGI and must be itemized.
Quick Answers
You only report and pay tax on the amount of alimony that you actually received, not what he was supposed to pay you. You can deduct attorney's fees that are for the purpose of collecting money owed to you for the alimony, if your attorney breaks that portion of fees out separately, but only if you itemize. You can't deduct fees for the divorce, or for collecting the child support since that's not taxable income. If you don't have enough deductions to benefit from itemizing, you can't deduct any of the fees. If you file as head of household and have 2 or more kids. there's no way that itemizing can benefit you, your tax is already zero. Good luck.
Judy
you have NO alimony income to report since he did not pay No attorney's fees are not deductible.
Ariaread
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