Tennessee law case summary on income determination for self-employed obligor in Tennessee divorce and family law from the Tennessee Court of Appeals.
Koch v. Koch – Tennessee Child Support Case Summary – Father’s Claimed Depletion of Capital Account Held Income
Patsy Koch sued her husband Mark Koch for divorce and related relief. Mr. Koch answered the complaint and filed a counter-claim for divorce and related relief. The Kochs were married in September 1977 and had two minor children. The marriage was stormy almost from the beginning—the Kochs were separated four times, including the last separation in March of 1990 that ended up in the divorce. Mrs. Koch filed her complaint in March 1990, at which time she was seven months pregnant with their daughter.
Mr. Koch graduated from college in 1980 with a Bachelors Degree in Engineering Technology, but after graduation he purchased an interest in a small corporation with a $10,000 loan from his mother. Due to financial difficulties, the corporation ceased doing business in December of 1988; at that time Mr. Koch assumed some of the corporation’s liabilities and work in progress, and began doing business as a sole proprietorship under the name of Commercial Painting Company. Continue reading