A DIVORCE practitioner can ascertain how various business entities have an impact on spousal income and cash flow in the context of payment of maintenance and child support. A party's net taxable income may bear little relation to his or her actual net cash flow. The important thing for the practitioner to remember is that the contents of individual and business tax returns can be used to distort reality.
Original Description:
Original Title
Barry+Schatz+-+Divorce Practitioner's Introduction to Determining Schedule C and Sub Chapter S Income
A DIVORCE practitioner can ascertain how various business entities have an impact on spousal income and cash flow in the context of payment of maintenance and child support. A party's net taxable income may bear little relation to his or her actual net cash flow. The important thing for the practitioner to remember is that the contents of individual and business tax returns can be used to distort reality.
A DIVORCE practitioner can ascertain how various business entities have an impact on spousal income and cash flow in the context of payment of maintenance and child support. A party's net taxable income may bear little relation to his or her actual net cash flow. The important thing for the practitioner to remember is that the contents of individual and business tax returns can be used to distort reality.