Kirk Riggs
New Member
- Jurisdiction
- Oklahoma
I have a full time job with an employer to which I have a garnished set up where my child support is already taken out of each pay check. I am not in arrears or anything like that. However, my brother and I opened up a couple of businesses... LLC's to be exact to which they are set up as pass through entities for tax purposes. I want to stress this... I have NOT taken a paycheck/draw/bonus/salary/etc from our companies AT ALL. We reinvest all our capital back into our company. It all stays in our business checking account as we are trying to build the business. Anyway, my question is since it is a pass through entity, that means any "profits" (even though I do not take a paycheck and have not taken any money whatsoever from the company) show up on my personal taxes at the end of the year... So, with that said, is my ex able to try and get some of that money to go to raise my child support even though I havent taken a paycheck or any money whatsoever from our company... It is an LLC taxed as a pass through entity. It looks like we will probably be profiting this year AS A COMPANY. I just don't want my child support to go up even though I havent really been making any extra money.