LdiJ
Senior Member
What you need to do is get your hands on a copy of his tax return. You may have to subpeona that if you can get the case re-opened. A good tax preparer can probably take a look at it and tell you if any of the particular figures look potentially inflated. Also, non-cash expenses such as depreciation, amortization, mileage etc., can reduce income for tax purposes while not actually reducing cash flow.jbowman....thank you for your post. Finally someone who understands! I am going to take your advice and first of all challenge the modification. I hope that the judge on my case will be just as understanding. Believe me....I have never used my (our) kids as a pawn as some do....after all it is not their problem. I have always made sure that they are well taken care of even though I get litte help from their father. I really hate it when you come on here and get a snooty answer when all we really want is a little advice....we are not all money hungry animals! I just want to be fair!!
Thanks again for the great post!
However, it really is possible that his 1099 would show that much earning, but he have very little actual profit. Its not likely, but its not impossible. If he pays out more than 50% of his gross earnings to other independent contractors, plus has to purchase materials, his actual profit could be that low.