Q: Currently going to court filling out the financial affidavit and wanted to know the answer for this so I answer correctly. I’m not making a bunch of money because the business is new and is largely in the red so I’m playing catch up. also the ownership of my company by a trust is for estate planning purposes and long term life goals. And also I put myself on child support not the other way around, So i’m not ducking any parental obligations, as I want to provide for my child. I am asking this because I put myself on child support and I am completing a financial affidavit
A: Yes – a solely-owned S Corp. would constitute “self-employment income” on that form. Be sure to list gross income & then in the applicable section list your unreimbursed business expenses. Schedule a consult with a Bronx Child Support attorney for a full assessment.