Categories
New Jersey

NJ Child Support Calculation and 2020 Taxes

The NJ Supreme Court ordered revisions to the NJ Child Support Guidelines (R5:6A) Effective June 1, 2020. These revisions include new tax calculation estimates to be used in child support calculations. This article details the changes and how to use the software to ensure that the taxes you apply to income meet your expectations.

Categories
General

Alimony: Deductible in Payor’s State, Non-taxable in Payee’s

There might be a case in which the alimony payor lives in a state which does tax alimony at the state level, but the recipient lives in a state which does not.  In order to indicate that the payor would receive the state tax deduction and the recipient will pay no state income tax on…

Categories
Florida

Synching Florida CS Guideline Worksheets

This post concerns a situation that can arise when you override a number on the Florida Official Guideline Worksheet and then select the “Court Printing”option for printing. In shared custody cases, if numbers on the Official Worksheet are overridden and then the option for Court Printing format is checked, then the worksheets may appear to…

Categories
General

Lump Sum Alimony and Child Support

In some states, including California, Colorado, Florida, Illinois, Massachusetts, Minnesota, New Jersey, New York, and Pennsylvania, current alimony is a factor in calculating child support. What if the party is paying the negotiated monthly alimony in a lump sum instead of monthly? How should child support reflect that fact? One approach would be to calculate…

Categories
General

Non-taxable Disability Income

A client receives income from a private disability policy that is not subject to income tax. Where do we enter this amount and show it is not taxable? Go to Client Info > Income & Expenses > Wage-Like Income. Scroll down to the line for disability income Check the box next to the entry for…

Categories
General

Imputed Income

If judge says, “Impute $25,000 of income,” how should I treat that income for tax purposes — as pre-tax or after-tax? Ultimately, it comes down to the imputation of income – was it intended to be gross or net? While it is true the party with imputed income will not be paying taxes on that…

Categories
General

Working with Client Files

We have a new system for working with client online files. It allows you to view and edit the same file the client is currently working in. Start by going to the screen where you opening create files, and click the link labeled “Register Client.” Once the client has created their file, what you do…

Categories
Colorado

Colorado Guideline update

As you may know, a Colorado statute that was passed last year is becoming effective on July 1. For several months now, the software has given you the option to use the new law provisions. But if you did not specifically select that option, the software would use the existing law. Starting with cases started…

Categories
General

Pension table updated

We have updated the generational adjustment table of the RP-2014 table to use the Mortality Improvement Scale 2018. Our observation is that pension values calculated using the RP-2014 table are now slightly lower than before. Presumably, this reflects the widely-documented decline in life expectancy in recent years.

Categories
General

Negotiate tab improvements

The Negotiate tab now has a different organization and fewer entries, thus making the most important ones easier to find. Take a look at the new menu, shown below. It is now organized by task — What If, Spousal Maintenance, Property Division, Arrears — rather than by source of income. It should now be faster…