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Receive alimony? Pay alimony? Then record the data

If you are getting a divorce, one of the issues that may be involved with your divorce is spousal support, or alimony. This can be a complicated area of family law, as determining spousal support depends on a lot of factors, including the length of the marriage, the health of the splitting spouses, and the financial potential of both spouses.

But one of the most overlooked and underrated aspects of spousal support is the recordkeeping that each spouse does. Keeping detailed records of your spousal supports payments will leave you with proof of your payments, as well as provide some context in the event that your former spouse tries to file legal action for unpaid alimony payments or argue that he or she did pay you, when in fact they did not.

Having said that, what, exactly, should the paying individual and the receiving individual do to properly record their alimony payments?

The information that either spouse records should be roughly the same. Both spouses will want to mark the date of the payment, as well as how much the payment was for, when the check was cashed, what bank was used for the transfer of funds, the check number used, and the address the check was sent to. If the paying spouse uses cash, make sure you create a receipt in recognition of the transaction.

Also, all of this information is crucial for tax purposes. Your alimony payments are deducted from your taxable income if you are the paying individual, and they are included in your taxes if you are the receiving individual.

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Busciglio & Sheridan Law Group
3302 N. Tampa Street
Tampa, FL 33603

Phone: 813-302-1265
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