Category Archives: legal

TurboTax 2024: Which Version to File a Trust Tax Return (Form 1041) in 2025?

Leave a comment

Filing taxes for a trust? 🤔 You’ll need the right TurboTax version to avoid any headaches. Here’s the quick answer: If you’re filing for a trust (Form 1041) You need TurboTax Business 2024. ✅ This is the only version that supports trusts, estates, and corporations. Other versions (Deluxe, Premier, etc.) won’t work for this. You can grab it here:👉 TurboTax Business 2024 on Amazon What if it’s a living trust? Good news! 🎉 If your trust is revocable (aka a

Read more legal, money tips, Software Tips

What is the deadline for 1099-MISC to be sent out? [SOLVED]

Leave a comment

Question: What is the deadline for 1099-MISC to be sent out? Answer: For the 2018 tax year, employers should send the forms out by January 31st, 2019. Reporting payments to contract workers on Form 1099-MISC (box 7, nonemployee compensation) must be filed by Jan. 31. Source IRS.gov Do you have questions or comments related to this answer? If so, feel free to ask in the comments section below! Thank you and have a GREAT day 🙂 Best regards, -Jay D.

Read more legal, money tips

DRAM claims settlement checks mailed!

Leave a comment

The DRAM class action lawsuit and subsequent settlement has finally borne fruit for claimants.  Checks were mailed earlier this week and recipients can look for them in their snail-mail-box any time now. Here is a scan of the check I received:   History of the DRAM lawsuit As you may recall, this lawsuit was the result of (alleged) price fixing by DRAM companies. This was a pretty big deal as the settlement ended up being $310 million. A wide variety of products

Read more computer tips, legal, money tips

Copy of Federal Transgender Guidelines (White House) [download]

Leave a comment

Here is a full copy of the US Departmentof Justice and US Department of Education guidance for transgender students: (dl link) This guidance was released Friday May 13th, 2016. Our local public school received it on that date, and today a meeting was held briefing teachers. The aforementioned document provides the basic guidelines but lacks many concrete examples. Thankfully, for parents seeking more information-or for students that attend public school or state colleges-there is some additional information below related to bathrooms and

Read more legal, parenting

Oil and gas lease clauses

Leave a comment

Here are some sample oil and gas lease clauses that I found to be helpful as a mineral owner: NO WARRANTY This lease is made by Lessor without warranty of title, either express or implied, except as to conveyance or encumbrances by, through, or under Lessor, but not otherwise. NO DEDUCTIONS It is agreed between the Lessor and Lessee that, notwithstanding any language herein to the contrary, all oil, gas or other proceeds accruing to the Lessor under this lease

Read more legal, money tips

Beneficiary Deeds in Missouri

Leave a comment

A beneficiary deed allows for property to transfer on death (TOD) without going through probate. The beneficiary deed only goes  into effect upon death of the owner, therefore it does not actually transfer property until the owner’s death and therefore it does notpreclude transfer before death. In other words, if an owner executes a beneficiary deed and then decides to sell the property, that it is not a problem. The Missouri Bar provides an overview of Estate Planning methods and

Read more legal, Work