Is there an elapsed time to impute income on an underemployed spouse? i.e. Can the underemployed spouse say, that I didn't object to their underemployment in a timely manner, therefore, the income they enter in Form 13.1 shall reflect the current low paying job? My fear is financial disclosure and Form 13.1 is dragged on for far too long and we can no longer state their income ought to be what it was in 2022.
Background:
We separated in July.
Spouse's primary sources of income has been an employed accountant for decades up to the beginning of the last quarter of 2022 and real estate agent since late 2019 to present.
Spouse's severance and EI has run out and they've recently taken up an office job, letter of employment was a typed up word doc with an exact 5 digit salary $#0,000.00, earning half of what they made in their last year as an accountant. What should their annual income be on Form 13.1?
My understanding, based on their progressively successful/salary increasing career as an accountant and real estate agent...is it should be the last year as an accountant employee + average of real estate agent income for past 3 year complete calendar years to present?
Background:
We separated in July.
Spouse's primary sources of income has been an employed accountant for decades up to the beginning of the last quarter of 2022 and real estate agent since late 2019 to present.
Spouse's severance and EI has run out and they've recently taken up an office job, letter of employment was a typed up word doc with an exact 5 digit salary $#0,000.00, earning half of what they made in their last year as an accountant. What should their annual income be on Form 13.1?
My understanding, based on their progressively successful/salary increasing career as an accountant and real estate agent...is it should be the last year as an accountant employee + average of real estate agent income for past 3 year complete calendar years to present?
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