How can I make a presentation using Family Law Software?
You can follow these steps to prepare an interesting and compelling presentation: 1. Open the Sample Case. We have a sample case in the software. Click Settings > Sample File. Save the file under a different name. (In the Cloud software, go to File Manager, click the 3-dots button for the file, and select the […]
How can I see child support, taxes, and cash flows or a prior year?
Change the Start Year. To do that, click Settings > Assumptions, and change the Start Year. The software can calculate taxes accurately for prior years back through the year 2000. If the child support rules have changed, the software may not have retained the earlier rules, however.
How can I get graphs into PowerPoint, Canva, Google Slides, etc?
Use the screen capture tools built into Windows (Shift-Flag-S) and Mac (Shift-Command-4). Paste the image into your presentation software.
What are the Summary Totals Spreadsheet numbers?
The Summary Totals Spreadsheet numbers are best understood in conjunction with two other reports. These are: The After-Tax Cash Flow Spreadsheet provides the next level of detail for the income columns. On the After-Tax Cash Flow Spreadsheet, you will see the components that make up the “total income,” “total expenses,” and “total taxes” columns of […]
Can I change the title of the Marital Property Division Report (Community Property Division Report)?
Yes, You can create a custom title for the Marital Property Division report (also known as the Community Property Division report). At the top of the Marital Property Division report screen, click the link for options. On the options screen, at the bottom, you can enter the new title. You can do a similar thing […]
Why is the software’s tax calculation different from what I see on the pay stub?
The software calculates federal income tax, after accounting for all deductions and credits, using actual current numbers. The pay stub can be very different for a number of reasons: If you have any question how the software’s tax calculation is done, you can see the calculation in detail on the View/Edit Taxes report.
Why is the income for child support higher than the income I entered?
This can happen if there is an addition to income from federal subsidies that are administered through the tax system. These subsidies include the Earned Income Credit and the Child Tax Credit. To see if this is the case, see if the Federal Income Tax number on the guideline worksheet is negative. A negative Federal […]
Why are state taxes different for itemized deductions than for “actual” state taxes?
This is due to the software’s resolving of a bit of circular logic. Federal taxable income depends on the state tax, because state tax is an itemized deduction. But in some states, state tax depends on federal taxable income. So the computation is circular. Here’s how the software resolves this: For the calculation of the […]
How can we negotiate divorced spouse benefits under current Social Security rules?
Under Social Security rules as amended in November, 2015, a divorced spouse may not claim divorced spouse benefits unless the worker spouse is also claiming benefits. (The divorced spouse benefit is 50% of the worker spouse’s benefit, and applies only if the parties have been married for 10 years or more, the divorced spouse is […]
Can we value Social Security as a defined benefit pension?
Yes, we can. Conceptually, there is no difference between Social Security and a defined benefit pension. Both are a stream of payments that may increase with inflation, begin at a certain age, and continue until the recipient dies. Both may have annual increases. For Social Security, this is the annual inflation adjustment. For defined benefit […]