Family Law Blog

Important Documents to Retain Whether You pay or Receive Spousal Support

Thursday, June 23, 2016

Whether you pay spousal support or receive it, it's best to always keep accurate records. Generally, the individual who pays alimony gets to deduct that amount from his taxes, and the person receiving it must claim it as taxable income.

The Alimony Payer

Many times, after a drawn-out divorce, the spouse will challenge the amounts that are paid and accepted. If you don't have the proper documentation, you could be ordered to pay any amounts not documented. Therefore, you should keep the following:

  • A list that shows when each payment was made. This should include the check number and the addressed it was mailed to. You should always keep a copy of the check.
  • Verified receipts if the payment was made in cash. The receipt should show the receiver received the payment and indicate the amount paid.
  • It's best you keep these records for at least three years from the date you filed the return on which you claimed the deduction. It's probably best if you keep them for several years, just to be safe.

The Alimony Receiver

If you're receiving alimony, you should keep the following records:

  • The dates you received payments.
  • The amount of payment, checks or money order number.
  • A copy of the check that shows the account number from which the money is drawn from.
  • A copy of any receipt for a cash payment that you executed.

You should also keep these documents for at least three years, if not longer.

For more information on alimony payments and other divorce issues, contact us.