how long do you have to wait before this can go back before a court?Since it's handled by the state now that it's a court order, I just get to sit back and watch.First: If he's behind at all on December 31, I can take his tax deduction for Q for the year (we each get a kid if he's current). Now I wouldn't want to do this for a small amount of arrears, because it would likely delay any refund I'd recieve from it for approximately 60 days, while my and DN's returns, the court order, and state records were reviewed by an actual person. But a large enough amount I would.Second: if he's behind $2k or more, the state will tell the Federal government to withhold any refund he'd recieve, then apply it to the balance of the account. This is in addition to me getting the deduction for the year (if I chose to deal with the BS it would entail).Third: if he gets $5k behind, actual jail time, loss of license, etc. becomes involved. The only one of the above that requires action on my part is the first one - and I can simply choose to do so or not. The rest are automatic. Woot!I suspect he will make good on "enough" of the amount by the end of the year to avoid #2, and probably even #1 (as the hassle can far outweigh the benefits quickly).impolite
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra