We look past the “reported” income on a tax return. We may “impute” or add back certain business expenses—like a personal vehicle or home office—that provide a personal benefit. This ensures the child support amount reflects the parent’s actual “spending power” rather than just their taxable income.
Do I need a separation agreement if we don’t have kids?
Yes. Even without children, a separation agreement is vital to formally "waive" or set the terms for spousal support and to finalize the division of property and debts. Without a signed agreement, your ex-spouse could potentially...
