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About Glenn D Schnabel
Expertise
I can answer most federal individual income tax questions. I can not provide legal advise.

Experience
I have worked for a CPA firm for over 11 years. I have worked in private as well as government I have recently been running a tax preparation office, mainly focusing on individual income taxes

Organizations
I have been affiliated with managing condo associations and as a member of a coalition to educate condo owners as to their rights and responsibilities.

Education/Credentials
I have my B.S.B.A in Business Administration . Concentration in Accounting I have gone to yearly tax seminars and have tried to keep up with the evolving tax changes

Awards and Honors
Over my years I have received local awards for contributions to worthy organizations.

Past/Present Clients
This, of course remains confidential

You are here: Experts > Business > Corporate Law > Tax Law (Questions About Taxes) > PAYMENT PRIOR TO DIVORCE SETTLEMENT

Topic: Tax Law (Questions About Taxes)

Expert: Glenn D Schnabel
Date: 10/5/2008
Subject: PAYMENT PRIOR TO DIVORCE SETTLEMENT

Question
I was divorced 6 months ago, but the property settlement has yet to be settled. My family law attorney has had me continue to send my ex-wife the same money that she was living on prior to our divorce. This has become a significant amount of money, and I was curious if I could take this off my taxes

Answer
Jeff,

Thank you for your question.

1)This has become a significant amount of money, and I was curious if I could take this off my taxes

It depends on what these payments are for. If you are the non custodial parent, the answer maybe NO. If you are paying what is construed as "separate maintenance payments" or "alimony", then that would be deductible when paid.

If you are providing support for your children as a result of the divorce, this may count as support which may allow you to take the children as dependents on your tax return. Usually divorce payers will spell out if alimony is being made and who gets to claim the children.

Check with your family lawyer on this.

Hope this is helpful.

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