13 July 2020 | 7 replies
The IRS recently provided guidance regarding eligibility under the CARES Act and specified that a qualified individual includes an individual who has a reduction in pay (or self-employment income) due to COVID-19.Distributions:If so, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.
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22 May 2020 | 23 replies
In my case, I have parents who live in an area with median home prices around ~250K (Phoenix Valley in AZ), which is far more manageable.
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20 May 2020 | 2 replies
I was able to speak to the owners son who is in charge of all the parents finances since they are in their 80s.
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19 May 2020 | 4 replies
if you do - foreign withholding may be required.Are you dealing with investors who prefer composite filings?
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2 June 2020 | 16 replies
Some people will argue, "Well, it's your parents' own damned fault for not screening tenants properly."
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12 December 2021 | 14 replies
The CO said they cannot withhold his BAH payments but they can "strongly encourage" to the service member to get caught up on their rent.
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25 May 2020 | 21 replies
Withholding taxes due is not leverage, it's stupidity.
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20 May 2020 | 2 replies
Keep in mind that in order to take a distribution under the CARES Act you must have been impacted by the virus in one of the enumerated ways.If so, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.
21 May 2020 | 14 replies
Originally posted by @Anna Sagatelova:@Ted Lo I'm not following how having to work from home forced you to vacate your apartment and move with your family.I just decided myself to work at my family home to be with my parents for the time being.
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11 June 2020 | 56 replies
I’m sure giving “prior written permission” for every business with an EIDL means it would take god knows how long to refinance or sell anything, or in my case, move money between LLCs since it was my parent LLC that got the EIDL but it’s my subsidiary LLCs that own the properties that have sustained the economic injury.