2020 has been a year of too many upsets, too many uncertainties, and too many confusions. Adding to this unsettling list are the unexpected tax questions that now arise for couples who had expected to be divorced in 2020.
With the window of opportunity ending on December 31, 2020, once again we are faced with last minute decision-making. This past year, however, is truly unlike any other.
In concept, child support payments are intended to cover each child's basic need for shelter, food, clothing, health care, and the like in keeping with the family's standard of living.