The Act includes tax relief for those in presidentially declared disaster areas for major disasters on or after Jan. 1, 2020 and ending 60 days after the date of the Act’s enactmentIt touches on furloughed employees to avoid partial plan terminationIt extends the expanded limits for qualified retirement plan loans that were allowed under the CARES act (same 180 extension as the withdrawal no penalty)Also extends employers option to make payments of up to 5,250 tax free towards employee’s student loansExtended the grace period for unused FSA benefits for 12 months    As you own a soccer school you must have been affected to some degree by covid?

I want to know what you guys think is a better option:1) In 2 months when the lease expires let it turn "month-to-month" status and then 2 months later start New Lease with New Rent from scratch.2) Write an Extension Amendum now for another year but specifying the first 2 extended months have same rent as before and New Rent will take effect after.

The “15 years” only means an extension of the 5 year period prior to selling IF you couldn’t live there 2 of the years as primary within the 5 year original period, exercising this active military option THEN proceeding with a 1031 like- kind exchange.As for active military application - military extension of the capital gains exclusion applies for active-duty military members who are away from their property due to permanent change of station orders to extend the 60-month period up to an additional 10 years.

That’s not how I operate and as my property manager is my agent, they are an extension of myself.

How extensive is the work you need done?

and I use it extensively.)

Those properties tend to be more extensive rehabs and better fit the BRRRR model.

Some lenders may require a 6-12 month period from the date of the transfer before you can refinance, so make sure you know what that timeline looks like first so you can then make arrangement with you hard money lender for an extension if that timeframe fall outside your original term with you hard money lender. 

Unmitigated water damage becomes mold damage and and there is the potential of extensive smoke damage in the same airspace.

If you can't complete the Form by the deadline (although that deadline was extended to May 17 this year), then you have to file an extension using Form 4868 in order to include your Form 8824.