Category Archives: tax
In CA Alimony and Child Support Matters Expense Deductions on the Tax Returns of Small Business Owners Will Be Carefully Reviewed by the Court
Business Owners: Why Your Tax Return Doesn’t Dictate Support in California: When Addressing Alimony and Child Support Matters Expense Deductions on the Tax Returns of Small Business Owners Will Be Carefully Reviewed by the Court If you own a small business or are divorcing someone who does (or you are in a child support… Read More »
Is Alimony Deductible and Reported as Income for Taxes?
Is Alimony (known as Spousal Support in California Family Law Courts) deductible by the payor and reportable income to the payee? On your California Return the answer is yes. In California if you receive alimony payments, you must report it as income on your California return. If you pay alimony to a former spouse/RDP, you’re allowed… Read More »