Opportunities to Find Tax and Financial Relief from COVID-19 - Shared screen with speaker view
Who can see your viewing activity?
send me an email at email@example.com and I'll send it to you
Is the Mtg. interest on your personal residence or it is on a Mtg. that houses your business?
It's the ortgage on our business property. Unless your business is home-based.
It's the mortgage on your business property.
Is PalPay the same as PayPal?
You can also email us for this link if needed!
SBA advised me that EIDL $10,000 is capped at $1,000 per EE. Example: 5 EE's means it's $5,000.
On April 6th, in an internal bulleting, SBA announced a $1,000 cap per employee on the advance. Thanks for the heads-up.
My assistant is 23 years of age and still living at home in 2018 and still living at home in 2019. Her mother claimed her as college student in 2018 and did not claim her in 2019. Will she get a Stim. check? She has not filed her taxes yet for 2019.
what were those income limits again?
Is the income limit based on AGI or taxable income?
Income based on AGI
and what are the dollar limits
single is $99,000. Married filing jointly is $198,000
Clarification: Does she need to go onto the IRS site to do anything or can she just file her 2019 return ASAP?
I am a realtor, of about 1 year. My income is zero from real estate for 2019. In 2019 I was employed for part of the year before retirement, and in 2018 I was fully employed. Given zero revenue from business, can I file for EIDS?
suggest she go onto the IRS website.
Can you guide me as to where she will go once she is on the IRS Site to ensure that she is in the correct spot?
How does my previous question apply to unemployment?
ask her to use the website on the Powerpoint. www.irs.gov/coronavirus/get-my-payment
yes, a business can apply even if it's had 0 income in 2019. You cannot use the EIDL loan to refinance a business
Maximum unemployment benefits in North Carolina is $350/week
Signed promissory note for PPP through PayPal but no guarantee it will be funded. Can/should we still apply through other platforms?
Apply as many places as you can
“Penalties waived for tapping into retirement funds early”For 401k’s, is there a final date to take a loan to receive the penalties waived? 2020-Dec-31? Or earlier in 2020?
Dec 31, 2020
If a mix of 1099 and W2, do I report both?
Employed for half a year, then 1099 new business
My husband is in real estate and has an S corp. Can he apply for unemployment?
If things are good right now but this continues and things go bad - will there be additional loans made available?
The 1099 business is eligible to apply.
The realtor with an S corp is eligible to apply for unemployment
Very informative. Thanks!
Future vision - this is an election year. If there is a group of people suffering, there is likely to be more help.
would the new QIP depreciation schedule apply to property acquired in 2020, or only in the past
Carol's strategy advice - look at "free money" first.
Changed the law permanently about QIP depreciation. It goes forward as well as backward
Thanks Carol. Maybe you could give us an update next Wednesday. This has been really helpful.