Legal Question in Family Law in California
In california does it matter if 1 parent is receiving child suport and alimony but not claiming it as income?
Asked on 2/24/10, 4:18 pm
1 Answer from Attorneys
It matters to the IRS and Franchise Tax Board. Child support is not deductable to the payer and not reportable income to the payee. Spousal Support (which I assume is what you mean by "alimony") is a different story. Spousal Support is deductable to the payor and taxable income to the payee.
Answered on 3/01/10, 4:49 pm