Legal Question in Family Law in Missouri
If a couple with no marital property or children divorce in Missouri, and husband pays the wife a mutually agreed settlement cash, to avoid long court.... can the husband write-off this payment in his taxes?
Asked on 11/15/16, 2:36 pm
1 Answer from Attorneys
Mel Franke
Mel G. Franke, Attorney at Law
Not unless it is "MAINTENANCE" in the judgment which makes it taxable income to her.
Answered on 11/16/16, 1:29 pm