How can I print only certain specified pages of the New York Net Worth Statement?
Print the entire Worth Statement to a PDF, and then print the PDF. In the print dialog that pops up, you may specify specific pages, as shown below.
How can I enter New York City taxes?
New York City uniquely levies an income tax. This is a tax on all income, not just on wages earned in the city. Because this is an income tax, there is a different mechanism for entering it than the standard local tax. You do NOT enter a local tax rate on the Wages > "more […]
How can I adjust page breaking on my Net Worth Statement?
First, we recommend that you only “worry” about dangling lines when you are doing the final Net Worth Statement. As long as you are working with drafts don’t worry about it. As you edit and add and delete items and/or footnotes throughout the Net Worth Statement, the page breaking will keep changing. If you change […]
How can I create a Gross Income report?
This is simply the Budget Report, with specific options selected. 1. Go to Forms & Reports > Budget Report. 2. At the top of the screen, click the link for Budget Report Options. 3. Set the options as shown below. 4. Return to the Budget Report, and override the text at the top with your […]
For child support, how should I handle income over $150,000?
By default, the software will apply the same fraction of income as applies to the $150,000th dollar (the marginal rate). To see other options, click Client Info > Child Support Data, scroll down to the section on Wages, and click the link for the “Worksheet for Incomes Over $150,000.”
Why does alimony paid by the higher-income custodial spouse not generate a tax deduction for purposes of the guideline calculation?
Question: Why does Alimony paid by the higher-income custodial spouse not generate a tax deduction for purposes of the guideline calculation? Answer: This issue comes up in the context of alimony paid by a higher income spouse. The sequence of calculations is as follows: 1. Taxes for both parties are calculated. 2. Net income is […]
How should I handle substantially shared parenting for child support purposes?
In New York’s child support guideline statute, there is no modification of child support on account of shared parenting. In the statute, you pick a custodial parent, and that’s it. This seems unfair in cases of substantially equal parenting. What we sometimes suggest in cases of substantially equal parenting is the following: 1. Calculate child […]
Taxes are deducted in the child support calculation. Is maintenance deducted in this tax calculation?
The law is unclear on this issue, and we leave it up to you. The checkbox is on the Deductions > Taxes screen, as shown below: If you click the checkbox, look at the tax number, and and then clear the checkbox, you will see that the tax number changes. With the box checked, the […]
How can I calculate child support in Illinois when custody is shared exactly equally (50/50)?
For the child support guideline statute that is in effect as of July 1, 2017, shared custody is provided for explicitly, and the software will handle it automatically. You just have to enter an equal number of overnights(182.5) for each party on the Key Support Data screen, on the line where you enter each child’s […]
Why is alimony paid to the current spouse not deducted from income for child support purposes?
In the definition of "gross income" in the child support guideline, section 1.A (18), the following is included in gross income: Spousal support received from a person not a party to this order; From this, we conclude that spousal support received from a person who *is* a party to the order is *not* included in […]