S corporations and child support
The Illinois Appellate Court, 1st District, on March 13 issued the opinion of In re Marriage of Moorthy, 2015 IL App (1st) 132077. The case involved a post-decree modification of child support requested by the payee ex-spouse.Well after the parties’ divorce, the payor ex-spouse acquired a 91 percent ownership interest in an S corporation which paid him wages. The entity also reported K-1 …
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