Saturday, May 11, 2013

How is support determined from a 1099

Q:  my husband earns a 1099 and makes over $ 150 thousand , but has so many " deductions " that he ends up paying taxes on only $ 20 - $ 25k . From which number is child support calculated - the $ 150 thousand or the $ 25k ?

A:  David's Answer:  It is arguable that neither will ultimately determine child support. Merely because he claims such a high amount of deductions doesn't mean they're all legitimate business expenses. Among other things, he'll need to produce all the receipts & invoices proving that the expenses are indeed business expenses.  -- David Bliven, Westchester Child Support lawyer (www.blivenlaw.net)

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