- 3 - SPOUSAL SUPPORT The parties understand and acknowledge that any obligation to provide spousal support is subject to modification at any time by order of a court of competent jurisdiction. Based upon this understanding, the parties agree that: The Husband shall pay to the Wife, as and for periodic spousal support of the Wife, the sum of $1,505.00 per month, until a final decree of divorce or dissolution is entered as between the parties. It is further agreed that said payments shall be made by allotment and shall be due and payable on the 1st day of each month. The Husband recognizes that the Wife will depend upon the timely payment of the support to be paid and agrees that, should any payment not be received within 60 days of its due date, and should the Wife retain counsel, that the Husband will pay any counsel fees incurred by the enforcement of the obligations under this Agreement. * * * * * * * TAX MATTERS Annual Returns: The parties agree to file Joint federal and state income tax returns for the tax year 1997, and for any subsequent year during which they shall be married and entitled under the applicable laws and regulations to file joint returns, provided that such filing results in a lesser combined tax than would result from separate filing. Each party shall pay that proportionate share of the tax due as shall be attributable to his or her respective earnings or income and each shall indemnify and hold harmless the other against any liability for his or her own proportionate share of said tax. Any refund that is realized as a result of a joint return shall be divided equally between the parties. During 2000, petitioner received from Mr. Nodurft, pursuant to the separation agreement, payment of $18,608 (payment).1 For 1The separation agreement requires Mr. Nodurft to make 12 monthly payments of $1,505 to petitioner for a total yearly (continued...)Page: Previous 1 2 3 4 5 6 7 8 Next
Last modified: May 25, 2011