Illinois Family Law Insider
All about navigating Family Law in Illinois — your trusted source for expert answers on divorce, child custody, support calculations, and all family legal matters. Each episode features Managing Partner Katie Vandeusen having meaningful conversations with our seasoned attorneys who break down complex issues into practical guidance.
We exclusively focus on Illinois family law, translating complicated statutes and procedures into clear, actionable information. Our discussions address the real concerns faced by Illinois families, providing insights whether you're in the midst of a legal situation or simply want to understand your rights.
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Illinois Family Law Insider
Illinois Child Support Calculations: The Hidden Rules You Need to Know - #37
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Are you confused about how business income affects child support and maintenance in Illinois? In this episode, Sterling Lawyers Managing Partner Katie VanDeusen and Senior Associate Cynthia Toscano explain how Illinois courts analyze business income for support calculations and why business owners face unique challenges.
They cover:
- Business income sources include salaries distributions and retained earnings
- Tax return analysis differs from IRS deductions for support calculations
- Required and necessary expense standards vary from tax law requirements
- Unpredictable income solutions include true-ups percentages and seasonal averaging
- Income hiding attempts typically backfire through forensic investigation and credibility damage
Listen in for practical guidance on Illinois business income and support calculations, understanding the differences between tax and family law requirements, and protecting your interests whether as business owner or support recipient. These insights will help you navigate complex financial analysis during divorce proceedings.