Trial court was required to attribute Subchapter-S corporation funds actually distributed to shareholder husband as income for spousal support purposes unless and until husband could demonstrate what portion of the corporate distribution was used for business purposes or to offset the payment of income taxes that resulted from any pro-rated share of net income or loss from the S-Corporation.
http://www.nmcompcomm.us/nmcases/nmca/slips/CA31,547.pdf
Laura Morgan is a Family Law Consultant. Laura is available for consultation, brief writing and research on family law issues throughout the country. She can be reached through her website. www.famlawconsult.com
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