Legal Question in Family Law in Virginia
Self employment income and child support guidelines
Where can I find information on how to determine income if your self employed. My ex says his "business expenses = $220,000/yr.". He is the only employee, has no office and does computer consulting. He "pays himself" $30,000/yr. and that is what is used in our child support guidelines. Are there any laws that can help me dispute this? He is using his business to hide his income.
Asked on 10/13/98, 3:47 pm
1 Answer from Attorneys
Olivier Long
Law Office of Olivier Denier Long
Re: Self employment
Different self-employed businesses have different percentages of average overhead. In addition, the expenses need to be examined line by line for reasonableness. I recommend hiring an expert, probably a CPA.
Olivier Long
Law Offices of Olivier Denier Long
10500 Sager Avenue, #B
Answered on 12/29/98, 8:04 am