Is my Self-Employed Ex Hiding Income and Assets?
Child support and alimony can be difficult to collect, especially when an ex tries to hide his or her assets. Some spouses may discover that business owners hide assets and profits in their businesses just to avoid paying the right amount of child support or alimony. This becomes even more difficult to notice the longer two people have been separated, because over time people may quit jobs, move around, start or close businesses, and obtain pay raises, all of which they may not report. There are several key considerations when trying to collect from an ex who is self-employed. Self-Employment Income Is Different When you work for someone else, you usually receive a W-2. This means that the employer has already withheld your taxes and…
