Ensuring Accurate Child Support Calculations for 1099 Employees
Another issue in regards to child support is what happens if I am a 1099 employee or I run my own business. So it’s a little complicated in what your income actually is because of course you have tax write-offs, things like that, that your accountant does on a yearly basis.
The net value of the business or what that 1099 is, isn’t always accurately reflected. The court does have the ability to go in and add in intangibles or things that you’re passing through the business that’s for your personal use. Things like cell phone usage, if you’re paying your car through that.
Factors Considered by the Court
So the court has the ability to go through and look at those things and add those back into your child support guidelines to come up with a more accurate number of what the annualized amount of money you’re receiving or what the benefits of those things are. So fringe benefits, all of those types of things, the court has the ability to look at and add back in.
Low-cost Initial Strategy Session Available
If you have questions or concerns about how being a 1099 employee or running a business may affect child support in Oklahoma, please contact a Tulsa child support attorney at 918-986-7724 to schedule a low-cost initial strategy session. The Tulsa fathers rights lawyers are here to help you navigate through these complex legal issues and ensure that your rights are protected.
