I feel this has likely been addressed, but not sure what to search for so will pose the question again and hopefully someone will either answer the question or direct me to the thread which has some answers.
Each year on June 1 NOA are to be exchanged and therefore CS is to be calculated on the previous years income.
Example June 2017 the 2016 Tax NOA are exchanged. If the payor has a change in income for 2016 and therefore CS payments will change when is that calculation made from January 1 2017 or June 2017?
Each year on June 1 NOA are to be exchanged and therefore CS is to be calculated on the previous years income.
Example June 2017 the 2016 Tax NOA are exchanged. If the payor has a change in income for 2016 and therefore CS payments will change when is that calculation made from January 1 2017 or June 2017?
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