A Schedule K-1 reports what a business earned for tax purposes, not what its owner took home, and that gap drives some of the hardest fights in a Nebraska divorce. This post explains how Nebraska courts approach pass-through income, tax distributions, retained earnings, depreciation, and company-paid perks for child support, alimony, and property division, what records come out in discovery, and what to preserve before you meet with a lawyer.

A closely held business can make a spouse look cash-poor on paper while the company is doing well. Nebraska's Child Support Guidelines and published appellate decisions give courts a framework for looking past the W-2 at retained earnings, distributions, and control, but they also protect legitimate working capital. This post explains how the analysis works for support and property division, which records matter, and what not to do while a case is pending.

Deferred compensation, performance bonuses, stock options, RSUs, business interests, and pass-through “phantom income” can make Nebraska divorce property division and support issues significantly more complex. Zachary W. Anderson Law helps clients identify what may be marital, what may be separate, what records matter, and how business valuation, support, and co-parenting issues fit together.