I have a question concerning the exchange of financial information between support payors and recipients on an annual basis, as mandated by law:
Say the Payor works a salaried job, and files income tax returns religiously every year. Say the Recipient has chosen not to work, has not filed income tax returns for close to 10 years, and has decided not to file going forward.
In such a situation, when it comes time to exchange financial information in the form of NOAs, returns, etc., what can the Payor reasonably expect from the Recipient as part of the exchange??
If the Recipient is actually earning income but that income is not reported on an annual return or in any other way, how would the the Payor be able to get accurate information on the Recipient's financial circumstances, for things like determining the proportional payment amounts of S7 expenses, for example?
Edited to add:
Those of you who are support Payors and find yourselves in such a situation, how do you deal with the situation?
Those of you who are support Recipients who are in a similar situation (ie. have not filed income tax returns for years and have chosen to continue not to), what are the reasons behind such a decision? (Please note that by asking this question I don't intend to cast any judgment or opinion on what you as a support Recipient choose to do or not to do, I'm simply trying to understand)
Say the Payor works a salaried job, and files income tax returns religiously every year. Say the Recipient has chosen not to work, has not filed income tax returns for close to 10 years, and has decided not to file going forward.
In such a situation, when it comes time to exchange financial information in the form of NOAs, returns, etc., what can the Payor reasonably expect from the Recipient as part of the exchange??
If the Recipient is actually earning income but that income is not reported on an annual return or in any other way, how would the the Payor be able to get accurate information on the Recipient's financial circumstances, for things like determining the proportional payment amounts of S7 expenses, for example?
Edited to add:
Those of you who are support Payors and find yourselves in such a situation, how do you deal with the situation?
Those of you who are support Recipients who are in a similar situation (ie. have not filed income tax returns for years and have chosen to continue not to), what are the reasons behind such a decision? (Please note that by asking this question I don't intend to cast any judgment or opinion on what you as a support Recipient choose to do or not to do, I'm simply trying to understand)
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