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Why am I not seeing footnotes on the Net Worth Statement?

Uniquely among all the states we handle, New York does not carry income lines that you enter directly to the Net Worth Statement. Instead, it starts with a total from the tax return. For this reason, we are not able to carry footnotes that you enter on the Income section directly to the Net Worth […]

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 […]

How can I enter New York City taxes?

New York City levies an income tax. This is a tax on all income, not just on wages earned in the city. As far as we are aware, New York is the only city that does this. Because this is an income tax, there is a different mechanism for entering it than the standard local […]

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 Reports > Budget Report. 2. At the top of the screen, click the link for Budget Report Options. 3. Set the options as shown below. 5. Your Gross Income report is ready.

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