Complete Labor Law Poster for $24.95
from www.LaborLawCenter.com, includes
State, Federal, & OSHA posting requirements

Announcement

Collapse
No announcement yet.

KY Child Support Calculations

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • KY Child Support Calculations

    Does anyone know if Misc. Debt Income is included in child support calculations? thanks for any help

  • #2
    Originally posted by StepMom2773
    Does anyone know if Misc. Debt Income is included in child support calculations? thanks for any help
    Can you give a little more info on what "misc. debt income" is exactly?

    Comment


    • #3
      Basically, it's what the company got for a vehicle that was reposed, minus what we actually negotiated with them as a payoff. There was a difference of about 5000 that the bank was out on this vehicle. They sent us a 1099-C for this so we had to include this as as cancelled debt income.

      Comment


      • #4
        Originally posted by StepMom2773
        Basically, it's what the company got for a vehicle that was reposed, minus what we actually negotiated with them as a payoff. There was a difference of about 5000 that the bank was out on this vehicle. They sent us a 1099-C for this so we had to include this as as cancelled debt income.
        No, that isn't considered income for CS.

        Comment

        The LaborLawTalk.com forum is intended for informational use only and should not be relied upon and is not a substitute for legal advice. The information contained on LaborLawTalk.com are opinions and suggestions of members and is not a representation of the opinions of LaborLawTalk.com. LaborLawTalk.com does not warrant or vouch for the accuracy, completeness or usefulness of any postings or the qualifications of any person responding. Please consult a legal expert or seek the services of an attorney in your area for more accuracy on your specific situation.
        Working...
        X