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$4k a month stimulus ? You guys are delusional. The majority of people fall in 2 categories - Either you were lay-off or furloughed, so you qualify for state plus federal unemployment assistance. So if you’re under the qualifying income limits, you’re better off now than before. - You’re an...

Leave it checked.

That’s not true. Because of my income, I haven’t gotten $1 from the government. Basically, according to reports 93% of the people qualified for stimulus checks. And the top 1% (Uber wealthy) received hidden tax benefits written in the cares act. So those of us who fall between the 94-98%...

With millions and millions of applications, there’s a very low chance of the SBA asking the IRS to audit for a measly $1k grant especially during these times. However to those receiving higher grant amounts because of higher employee counts, it’s possible.

It’s not that simple. If you get audited (Big If) the IRS will add the earned income to your return. Depending on your income and how close you’re to the next tax bracket, it can be severe. Plus the fact that 9/10 times a person is audited, the IRS also audits the previous 2 years as well.

Unfortunately, you wouldn’t qualify.

Technically yes youre an independent contractor however if you never reported this income, that’s “fraud”. However the likelihood of the SBA auditing millions and millions of applications of $1000 is highly unlikely. If I’m you, I apply for the grant. Worst comes to worst, you would need to file...

There’s a bunch of jobs available. People just don’t want to work because of the extra federal payment which isn’t much to begin with. I think they extend it till the end of year, most likely an extra $300-350 since they want to give people $450 to go back to work. I will say that many of you...

from what I’ve read, if you reapply before they fully processed your application, the sba will process the most recent application/info so it may be a good idea to get another application is ASAP.

Fast forward to 15:20 Fast forward to 3:40

All the YouTube “how to fill out...” videos suggest the same.

That option is to opt into receiving the $1k per employee grant advance. If you unchecked it, you won’t receive the free grant.

Do you report the income from those sales? If not, the chances of the sba/irs auditing millions of applications during this time is small. Perhaps they’ll audit those who go larger grants, more than 1 employee, etc. Worse comes to worse, They audit all apps and those who didn’t report “side...

What exactly does that mean?

Does anyone have those 25% or 30% coupons for outlets?

stimulus checks are directly tied to federal taxes. Those of us who saw no benefit of stimulus have been given the privilege to pay for it. And no for the majority it isn’t their tax dollars. All they have to do is look at their w2 and the amount of refund check they received. As far as sales...

I have no issues with that. I just dislike the fact that people say “it’s our own tax dollars” yet they don’t realize that they probably support zero federal taxes and more than likely receive more than they put in.

The charts you provided suggest nothing other than what I stated. Who cares what the household income is, it has no direct correlation to tax filing. 2020 IRS statistics show that 93% of US population qualified for a stimulus check. Your chart basically suggest that judging by the taxable income...

If you’re a single filer using standard deduction, then yes you’re a taxpayer although a small amount. However the majority of those under the stimulus income threshold, do not. You can’t receive a larger refund check due to numerous circumstances than what is paid in federal taxes throughout...

its about simple math that any CPA can agree with. If you’re a single filer using the standard deduction, then perhaps you’re paying a very small amount in federal taxes (Using stimulus check income threshold). My statement is so many folks want to claim that they pay taxes when they damn well...