I'm sure I will get flamed for this, but I'm going to ask it anyway.
I currently own one rental property, it is a 4-plex that I plan to move into because my support payments are very high and I need the money.
I currently pay $5000 per month CS/SS combined and I have the kids half the time. We used imputed incomes for the first 3 years and then agreed to review child support. I have a strong income but she refuses to work more than part time and is working for an old friend, likely getting paid some in cash. So when we review my support will likely go over $6000.
Having said that I want to buy some rental properties, I plan to keep them in a corporation, and never take any income from that corporation until AFTER my kids turn 18......will this effect my child support amounts?? Is there any reason I can't basically hide money like this?
I currently own one rental property, it is a 4-plex that I plan to move into because my support payments are very high and I need the money.
I currently pay $5000 per month CS/SS combined and I have the kids half the time. We used imputed incomes for the first 3 years and then agreed to review child support. I have a strong income but she refuses to work more than part time and is working for an old friend, likely getting paid some in cash. So when we review my support will likely go over $6000.
Having said that I want to buy some rental properties, I plan to keep them in a corporation, and never take any income from that corporation until AFTER my kids turn 18......will this effect my child support amounts?? Is there any reason I can't basically hide money like this?
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