Miscellaneous topics

• Author: Nicholas L. Bourdeau
• Pages: 257-266

16-1

16-1

Chapter 16

Miscellaneous Topics

TABLE OF CONTENTS

§16:00 LOANS

§16:10 TAXABLE REFUNDS

§16:20 ILLEGAL ACTIVITIES

§16:20.1 Battle Lines

§16:30 CASUALTY LOSSES

§16:40 MILITARY

§16:50 STATUTORY EMPLOYEES / EMPLOYEE BUSINESS EXPENSES

§16:60 OPERATING LOSS CARRYOVERS

§16:70 ACCRUAL VERSUS CASH REPORTING

§16:80 FINANCIAL STATEMENTS

§16:90 OTHER INCOME

§16:100 INSTALLMENT SALES

§16:110 BARTERING

§16:110.1 Battle Lines

§16:120 SOCIAL SECURITY BENEFITS

§16:130 RETIREMENT DISTRIBUTIONS

§16:140 TIP INCOME

§16:150 UNEMPLOYMENT COMPENSATION

§16:00 LOANS

Parents can typically borrow money. They

can take out home equity loans, secure short term

borrowings, or get advances on credit cards. Loans

normally have to be repaid. Therefore, a loan

secures cash currently, but it eventually has to be

returned to the lender. Consequently, loans do not

represent economic income. Since loans do not

represent economic income, the default position

is to exclude them from income for the determina-

tion of child support.

However, there are at least two notable excep-

tions to the general rule of excluding loans from

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