What is the name of your state (only U.S. law)? CA
Right now, I pay my ex-wife $60k per year in alimony. This terminates in 2018. She's just not that good with money and has been having issues when tax time comes around so she's asked that I help her out with a change. She wants to know if it is possible to reduce the amount I pay her but in exchange I agree that the payments I make are still taxable to me. All the resources I find on alimony say that it's taxable to the recipient. Can this be agreed otherwise in an amendment to the settlement agreement?
Right now, I pay my ex-wife $60k per year in alimony. This terminates in 2018. She's just not that good with money and has been having issues when tax time comes around so she's asked that I help her out with a change. She wants to know if it is possible to reduce the amount I pay her but in exchange I agree that the payments I make are still taxable to me. All the resources I find on alimony say that it's taxable to the recipient. Can this be agreed otherwise in an amendment to the settlement agreement?