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DEBTS
* * * * * * *
30. Husband and Wife shall each pay fifty percent
(50%) of all liabilities and expenses (including
accounting and legal fee) relating to any tax
liabilities asserted by Federal, State or local taxing
authorities arising out of any review of the parties'
personal income tax returns for any period when they
filed joint returns except for tax year 1993 which is
governed by paragraph 16. Each party shall, however,
be solely responsible for the liabilities and expenses
resulting from income known only to and solely
benefiting said party.
* * * * * * *
SPOUSAL SUPPORT
34. Husband shall pay Wife * * *, as and for
spousal support the sum of $3,000.00 per month on the
1st day of each month commencing November 1, 1993, and
continuing until Husband dies, Wife dies, Wife
remarries, Wife commences residing with an unrelated
member of the opposite sex, or until Husband retires on
September 1, 1994, whichever shall first occur.
During 1994, petitioner made the following payments pursuant
to the agreement:
$25,950.00 Spousal support
1,920.00 Life insurance premiums
3,030.00 Gardener for home during pendency of sale
675.83 Pool service
1,804.02 Waste management
6,790.77 January and February pensions
1,221.54 Utilities (electric and water conditioning)
for house in Wisconsin
33,625.50 One-half of petitioner and Ms. Cologne's 1993
State and Federal income taxes.
$75,017.66
Petitioner deducted $71,273 as alimony on his 1994 Federal income
tax return.
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Last modified: May 25, 2011