Following a discharge from a job at start of the year, a temporary motion to modify was filed due to a significant change that began a year or so prior. After some delays from the other party, we've finally set mediation
for a few months from now (neither of us are represented by an attorney). So I'm filling out the financial affidavit and stuck on something.
The question I have is if, or how to report income on the FA for a new business I've started that's just ramping up.
I started a new business that's had a small amount of initial income the last few months. Taxes haven't been filed yet, and I still don't really know what the net will be until that time. Most likely at the end of the year will be when I know what the net income or loss will ultimately be, and I'll have some idea of what will eventually flow through to me personally, as it is an S Corp.
It seems strange to report this on the affidavit form when I don't really know what the actual income will be until the end of the year or next year at tax time.
Do I guess figures, submit those as "income" now, while they may not end up as profit? Or is this a matter for another potential TMM filing after those taxes are filed, once those figures have been established?