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Divorce & Family Law This forum is for discussing any of the legal issues involved in your divorce.

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Old 12-19-2008, 10:03 AM
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Default Corporate Expenses - What is to be included as income?

Is there any posts or someone who has a corporation and is dealing with determining his/her income for child support payments?

thanks
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Old 12-20-2008, 07:49 AM
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I take it the person in question does not just take a salary from the business??
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Old 12-21-2008, 10:02 PM
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It is the money you pay yourself from your corporation and which appears on your personal income tax return that is used for CS purposes.

Obviously, a corporate owner has the discretion to alter the amount he/she pays oneself to manage their personal income tax situation, and so a review of the corporate financial statements would be in order to ensure that everything is above board.
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