In Re Marriage of Carpenter v. Mumaw

Cite

230 Wis. 2d 384, 602 N.W.2d 536 (Wis. Ct. App. 1999)

Summary

When determining the income of the sole owner of a corporation, the court may disregard the labels attached by the owner and consider corporate profits in order the determine the owner’s true income status.  Here, a loan from the company was a method of reaching corporate profits and the payor’s salary was actually higher than his reported salary.

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