Important Records to Keep When Paying Alimony

When a marriage ends, it is possible that you will be ordered to provide spousal support to your ex, depending on the circumstances of your marriage and the conditions that contributed to the divorce. Alimony is a frequently contentious issue, and in the event that a dispute arises, it is extremely helpful to have kept excellent records regarding your alimony payments.

Additionally, all money paid toward alimony is tax-deductible, and any confusion regarding your payments on the part of the IRS may result in your deductions being invalidated. This serious loss of capital should be avoided at all costs and can be prevented with detailed record keeping.

Essential Records

In order to protect your interests and avoid suffering an unjust ruling in the event of a dispute, it is important to keep the following records regarding your alimony payments:

• A complete list that details your payment history, including the dates of payment, check numbers corresponding to each transaction, and the address to which payment is sent.

• Original copies of each check that are kept in a safe place so that you have backup information in the event that you lose your computer’s hard drive or your files are otherwise destroyed.

• A signed receipt from the recipient of each payment, in the event that you pay in cash (which is not advisable).

With these exhaustive records of your alimony payment history, you should be protected against accusations of fraud and secure in the event of a dispute.

Contact Us

Should a dispute regarding alimony payments arise, it is best to seek skilled legal representation right away. Call Slater, Kennon & Pugh Ltd LLP today at 512-472-2431 and let an Austin divorce lawyer help protect your rights and interests.