Litigation
Mar. 28, 2007
Ballooning Support
Focus Column - By Shelley L. Albaum, Harold J. Cohn and Seth D. Kramer - A new family law case teaches spouses that they cannot reduce support obligations by depreciating their businesses.
By Shelley L. Albaum, Harold J. Cohn and Seth D. Kramer
In the recent case of Asfaw v. Woldberhan, 2007 DJDAR 2721 (Feb. 27), the appellate court found that, in determining what makes up available income for child support under Family Code Sections 4058 and 4059, depreciation is not an allowable deduction from gross income in certain circumstances.
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