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Money withdrawn from savings accounts can constitute “net income” for determining child support
Submitted by Patrick Markey on Tue, 08/09/2011 - 14:45
Child support is not just about what your “earn” it is also about your “lifestyle.” What you earn and report as income to the IRS is still very relevant to calculating child support. If you have no income, the court may not order any child support or could order a nominal amount such as $20 per week. That said, even individuals who have little to no “income” for IRS purposes still live and some live pretty well. The Illinois Appellate Court recently heard an appeal of a man in Cook County who was ordered to pay $2,000 per month in child support desp