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 June 14, 2011
The latest financial issue out of the
Charlie Sheen camp is that he will have
any compensation from Warner Brothers garnished by a court order. This
court order was issued on behalf of Brooke Mueller, the mother of Sheen's
and her twin boys. How much will be garnished from Sheen's checks?
$55,000.00 per month.
Actually, Sheen has been under a court order to pay this amount to Brooke
Mueller since their divorce was finalized in 2010. It seems that Mueller
simply didn't trust Sheen to write the checks so she is going right to the
largest source of his income and cutting the middle man (Sheen) out of the
equation.
$55,000.00 x 2
An interesting note is an excerpt from his child custody agreement with
Mueller. It says, "Under no circumstances shall the child support paid by
Charlie for Bob and Max be less than the child support paid by Charlie to
Denise Richards for Sam and Lola." This would suggest he is paying an
additional $55,000.00 per month in child support to Denise Richards as
well.
Any tax relief for
Charlie Sheen?
Does
Charlie Sheen have any kind of tax relief
because of the amount of money he is required to pay in child support? No.
Child support payments should not be confused with alimony payments. In
the case of child support payments, the IRS does not allow the payor to
take a tax deduction for the amount he or she pays. Additionally, the
person receiving the child support payment does not need to include that
amount in their gross income reported to the IRS. It is the opposite with
alimony payments, however. The payor of alimony can take a tax deduction;
the payee must report the alimony as income and pay tax on it. In this
case Denise Richards and Brooke Mueller will not pay tax on the $55,000.00
monthly child support payments they each receive.
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