The Law Office of Edward Misleh
The Law Office of Edward Misleh
Skip to content
  • Home Page
  • Areas of Practice
    • Divorce Attorney
    • Domestic Violence Attorney
    • Child Custody Attorney
    • Child Support Attorney
    • Spousal Support Attorney
    • Community Property Attorney
    • Guardianship Attorney
    • Family Law Attorney
    • Adoption Attorney
    • California Attorney Blog
  • Resources
    • Forms
    • California Attorney Blog
    • Our Office
    • Website Search
    • Site Map
  • The Law Offices
  • Contact Us

-

Home » Areas of Practice » Forms » Income Expense Declaration

Income Expense Declaration

Posted on October 25, 2019February 26, 2020 by Editor

Income and Expense Declaration

The following link is for that Income and Expense Declaration form that is used in all California courts.  You should download this form which will help you when reading instructions on how it is to be completed.

File Download (PDF File):  fl150 – declaration of income & expense


Completing Your Income and Expense Declaration

Before you start to fill complete your Income and Expense Declaration, you should gather the following documents: (1) last 12 months of pay stubs, (2) last two years of filed tax returns, (3) documents for any other income, and (4) a list of your monthly expenses.


Section 1 Employer Information

Employer information for your current employer or your most recent employer. Take this information directly from your pay stub.


Section 2 Age and Education

Enter your current age, education background and professional license or vocational training you may have received.


Section 3 Tax Information

Check the first box if you have filed taxes and the list the year. Also include the state where filed and the number of dependents claimed.


Section 4 Other Party’s Income

List the other party’s income and how it was determined.


Section 5 Income

There are two columns.  The first is for your last month’s income.  The second is for the yearly average.  State your regular income, overtime, commissions, and bonuses.  Remember, to average any income to arrive at a monthly amount.

Salary – Gross salary is what you make before taxes. This is your immediate prospective earnings. You should put the amount per month and the average amount over the past 12 months. Remember to use gross figures (before taxes).
Overtime – Any income earned over your assigned duties.
Commissions or bonus income – You will want to be very clear about how your commission scheme works and may want to speak with an attorney to optimize your outcomes.
Public Assistance – This includes social security income.


Section 6 Investment Income

Use this section if you are receiving income from stocks, rental property, a trust, or from any other source. Rental property income is income reduced by expenditures (which includes property taxes, maintenance, and hours managing property). Family Code Section 4508(2).


Section 7 Income from Self-Employment

This section is used if you run your own business. Enter all business information. You will need profit and loss statements to determine your net income. If this applies to your case, the information can be found on Schedule C of your tax returns.


Section 8 Additional Income

Use this section for one-time or other income. Lottery income, consistent payments from family, and income from Uber are all reportable.


Section 9 Change in Income

You need to inform the court if you have either changed jobs or lost your job within the last 12 months. You will also need to explain why.


Section 10 Deductions

You should list all appropriate deductions that appear on your paystub or that can be verified. This information is often found on your paystub. Many employers have discretionary retirement contributions, such as 401k contributions. Don’t include your voluntary 401k contributions here, only include mandatory contributions such as a government pension.


Section 11 Assets

Disclose your cash on hand, any assets that you can easily sell, and all other property less any debt. This information is found by looking at your bank statements, stock holdings, and real estate. You must fill out Section 11 correctly if you are going to request attorney’s fees. Remember, this number should be close to the value of all assets stated in other financial disclosures.


Section 12 The Following People Live with Me

List the names, age, relationship of any other person who lives with you. Should you know about that person’s income, you will need to disclose it. Be sure to check the box if they contribute to the household expense. Spousal support can be impacted based on who lives with you. For example, if you are the supporting spouse and you have a new dependent, then you may have to pay less in support. The same goes if you are a supported spouse and you do not pay rent because someone else is paying your expenses in your home. That may impact your spousal support amount.


Section 13 Average Monthly Expenses

There are three boxes; estimated expenses, actual expenses, and proposed.
You can list either what you are actually spending or what you will need in the future.  Remember that you are to list “monthly” expense which may require you to take into account semi-annually or annual costs.  Note that sub-section p is the amount listed in Section 14 and that in sub-section s you will need to list the amount of any expense paid by others.

Mortgage:  If you have an adjustable rate mortgage, indicate what you expect the payments will be for the next 6 months.  Determine the amount of principal and interest included in the monthly payment – this impacts tax deductions and net spendable income.  Make sure you are including property taxes and property insurance.  You may need to estimate the reasonable amount for repairs and upkeep (remember to include your gardener, pool service, and housekeeper).
Health care:  These are costs that are not paid by insurance.  Include here your monthly prescriptions.
Child care:  This includes aftercare, preschool, nanny, summer child care.
Groceries: An average family spends $600 a month on groceries.
Eating out:  An average family spends $300 a month on eating out.
Utilities:  Use your bills to make this entry.
Telephone:  Do not include business related telephone expenses.
The second half of the categories are self-explanatory and are not necessarily strategic with the exception of “n” savings and investments.  There are some spousal support cases, which establish that the marital standard of living must be calculated by looking at the pattern of saving.  The types of expenses that can go in “other” include haircuts, pet care, memberships.


Section 14 Installment Payments

List all credit card debts and/or loan that you are currently paying on monthly.  Use your loan and credit card statements for this step.


Section 15 Attorney Fees

This is used for the purpose of attorney’s fees and typically completed by an attorney if necessary.  This is only required if one party is requesting reimbursement of attorney’s fees from the other.  California Family Codes §§2030 – 2034 allows the court to award fees in the amount that are “reasonably necessary” to properly litigate and/or negotiate a divorce.


Section 16 Number of Children

Enter information about the number of children you have and the time you and the other parent spend with them.  To determine a percentage calculate the number of hours per year and divide by 8760 hours (total hours in a year).


Section 17 Children’s Health-Care Expenses

You will need to include information about your children’s medical care providers.


Section 18 Additional Expenses for the Children in this Case

These amounts are often the same as the figure entered in Section 13, subsections b and c.


Section 19 Special Hardships

Provide information about other costs you may be incurring for your children.


Section 20 Other Information I want the Court to Know

Describe any unusual circumstance surrounding your case.  Examples would be that you are disabled, suffering from a medical problem, or a victim of domestic violence.


CALL NOW TO MAKE AN APPOINTMENT

321-951-9164

For more information about divorce, click on one of the following links:

Divorce

Starting Your California Divorce

California Divorce Process

California Divorce Attorney

California Family Code

Law Offices of Edward Misleh

Web Site Search

This disclaimer provides that any information provided on this website by The Law  Offices of Edward Misleh, APC is strictly informational and should not be interpreted or considered as legal advice.  If you have a legal concern, you should contact our office to speak with a licensed California Attorney.  Delaying to contact an attorney could result in harm to your interests.

Attorney-Client Relationship

No Attorney-Client Relationship Created by use of this Website: Neither your receipt of information from this website, nor your use of this website to contact The Law Offices of Edward Misleh, APC or one of its attorneys creates an attorney-client relationship between you and The Law Offices of Edward Misleh, APC. As a matter of policy, The Law Offices of Edward Misleh, APC does not accept a new client without first investigating for possible conflicts of interests and obtaining a signed engagement letter. Accordingly, you should not use this website to provide confidential information about a legal matter of yours to The Law Offices of Edward Misleh, APC.

Contacting us by telephone, email or other means, or transmitting information to us, will not establish an attorney-client relationship. The attorney-client relationship can only be established after we have determined that we are able and willing to accept the engagement and we have entered into a written engagement agreement. Until then, do not send any confidential information to us unless we specifically request it. Information communicated without such authorization may not be treated as confidential, secret or otherwise be protected from disclosure, and The Law Offices of Edward Misleh, APC will not be precluded from representing parties adverse to the sender of such information in any matter.

No Legal Advice Intended

This website includes information about legal issues and legal developments. Such materials are for informational purposes only and may not reflect the most current legal developments. These informational materials are not intended, and should not be taken, as legal advice on any particular set of facts or circumstances. You should contact an attorney for advice on specific legal problems.

No Guarantee of Results

Many of the practice summaries and individual attorney biography on this website describe results obtained in matters handled for The Law Offices of Edward Misleh, APC clients. These descriptions are meant only to provide information about the activities and experience of our attorney. They are not intended as a guarantee that the same or similar results can be obtained in every matter undertaken by our attorney; and, you should not assume that a similar result can be obtained in a legal matter of interest to you. The outcome of a particular matter can depend on a variety of factors—including the specific factual and legal circumstances, the ability of opposing counsel, and, often, unexpected developments beyond the control of any client or attorney.

Third Party Websites

As a convenience, this website may provide links to third-party websites. Such linked websites are not under the control of The Law Offices of Edward Misleh, APC, and The Law Offices of Edward Misleh, APC assumes no responsibility for the accuracy of the contents of such websites.

No Warranty or Liability

The information in this site is provided “AS-IS,” without representation or warranty of any kind, either express or implied, including, without limitation, any representation or warranty as to suitability, reliability, applicability, accuracy, merchantability, fitness for a particular purpose, non-infringement, result, outcome or any other matter. We do not represent or warrant that such information is or will be up-to-date, complete or accurate, or free from errors, viruses, spyware, malware, adware, worms or other malicious code, or will function to meet your requirements.

You agree that we are not liable to you or others in any way for any damages of any kind or under any theory arising from this site, your access to or use of or reliance on the information in this site, including, but not limited to, liability or damages under contract, tort or other theories or any damages caused by lost data, malicious code, denials of service (including computer crashes), business interruption or other commercial damages or losses, even if we may have been advised of the possibility of such damages.

Authorized Practice of Law

The jurisdiction in which our attorney is licensed to practice is in the State of California. The ability of our attorney to engage in any activities on behalf of a client outside that attorney’s state of licensure is subject to state statutes and professional codes and court rules. The Law Offices of Edward Misleh, APC does not seek, and this website is not intended to solicit, legal employment outside our attorney’s states of licensure that would constitute the unauthorized practice of law.

Intellectual Property Owned by The Law Offices of Edward Misleh, APC

Except as otherwise noted, all trademarks, photographs and other artwork, video clips, and written materials used in this site are protected by copyright laws and are owned or licensed by The Law Offices of Edward Misleh, APC. You may download information from our site for your temporary, personal, non-commercial use only. None of these items may be copied, reproduced, downloaded, posted, transmitted, broadcast or otherwise distributed in any manner without our prior written consent.

Privacy Policy
Site Map
Avvo - Rate your Lawyer. Get Free Legal Advice.
We gladly accept Visa, MasterCard, Discover, American Express.
Copyright 2023 The Law Offices of Edward Misleh, APC
Web site hosting by All Brevard Web Sites