Legal Question in Family Law in Georgia

Define Lump Sum Alimony and Taxes

What is the definition of lump sum in a divorce. My husb. says Husband shall pay wife sum of $800 per month as alimony. Said lump sum payment shall begin on Jan 2 and is payable each month on 1st for a total of 10 payment period of 10 years. IRS says this is now not tax deductable.


Asked on 5/27/06, 7:27 pm

1 Answer from Attorneys
Charles W. Field Charles W. Field, Attorney at Law

Re: Define Lump Sum Alimony and Taxes

"Lump sum" means exactly that: the amount is to be paid in a one-time payment. What you have described is periodic alimony. Consult with a local attorney and/or your tax advisor.

Read more
Answered on 5/31/06, 5:25 pm


Related Questions & Answers

More Family Law, Divorce, Child Custody and Adoption questions and answers in Georgia