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How do I compute the child support guideline amount?

Enter the information relating to child support on the Enter Data tab, on the screen for child support there. View and print the child support guideline worksheet on that tab, on the screen to print child support. The software can calculate child support for twenty-two states: California, Connecticut, Colorado, Florida, Georgia, Illinois, Massachusetts, Maryland, Michigan, […]

How do I show a retirement from a business, or sale of a business?

Go to the “more info” screen for the business. You will see a question about whether the business owner will retire or the business will be sold. the question is worded this way so it can cover both retirement and sale. This is where you enter a sale or retirement date. If the business has […]

Where do I enter tax withholding or estimated tax payments?

You should ignore (i.e., not enter) both withholding and estimated payments. Here’s why: The software calculates the actual taxes due on an annual basis. Cash outlays such as estimated payments and withholdings affect the timing of payments, but not the amount. To see this, think about the cash flows. First, withholding or estimated payments are […]

How do I enter a defined benefit pension?

Enter defined benefit pensions on the Assets & Debts screen. 1. Go to the Enter Data > Assets & Debts screen. 2. Click the button to create a defined benefit pension asset. 3. Enter a description and specify who is the owner of the plan. 4. Optionally, enter the retirement age and monthly benefit. If […]

How do I enter a buyout of the marital home?

The software makes it easy to enter a buyout of the marital home. Use the following steps: 1. Enter the real estate property. If you have not already done so, go to the Enter Data > Assets & Debts screen, and click on the button to add a Real Estate asset. 2. Enter real estate […]

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.

How do I enter life insurance premiums on my Colorado Sworn Financial Statement?

The treatment of life insurance depends on whether or not the insurance is a payroll deduction. This note describes both possibilities. 1. If the life insurance is a payroll deduction: If the life insurance is a payroll deduction, you may indicate that on the Case, Income & Expenses page, as shown below. The entry will […]

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