
10 April 2020 | 7 replies
This means the AGI ceiling is effectively 100% for the 2020 tax year.BUSINESS TAX PROVISIONSEMPLOYEE RETENTION CREDITEligible employers are allowed a credit against employment taxes for each calendar quarter equal to 50% of qualified wage (including health benefits) paid to employees.This amount is limited to $10,000 of wages paid to an employee for all calendar quarters.An eligible employer is one which is in a trade or business:Whose operation is fully or partially suspended due to orders from an appropriate governmental authority limiting commerce, travel or group meetings due to COVID-19; orWho has a “significant decline” in gross receipts (i.e., there is a decrease to less than 50% of the gross receipts for the same quarter in the prior year).Different rules apply as to the covered wages depending upon the number of employees the employer had in 2019.

31 March 2020 | 19 replies
@Anthony Wick I know landlords have been effectively demonized by the media for quite some time and there likely isn't much we can do about it at this point.
29 March 2020 | 1 reply
I don't see a lot of mention about what's happening in the stock market and the slowing down of the economy right nowWhat effects do we expect to happen as a result of what's going on right now?

30 March 2020 | 1 reply
While there are certain to be some long term effects of the current market disruption, good land is good land, and from what I have seen the majority of economists are assuming this downturn could last 6-9 months.

2 April 2020 | 18 replies
Here's what's going on For FHA-insured mortgage loans and loans backed by Fannie Mae and Freddie Mac (collectively referred to as the GSEs), a 60-day moratorium on foreclosures and evictions effective as of March 18, 2020, and (See source in link below)For Fannie Mae and Freddie Mac borrowers facing a hardship related to COVID-19, the expansion of forbearance and loan modification eligibility requirements and suspension of adverse credit reporting.FHA Mortgagee Letter

29 March 2020 | 1 reply
Should landlord policies cover loss of rents due to eviction moratoriums that are now in effect for most state and local jurisdictions?
29 March 2020 | 3 replies
It may also be worth a conversation with her to get her to understand what effect filing an eviction against her will do to her future ability to secure housing.
29 March 2020 | 1 reply
It will not have an effect on your loan or initiate a prepay.

30 March 2020 | 3 replies
And hopefully you never want/need to sell the place while that lease is in effect because not many buyers are going to want to inherit that lease.

24 April 2020 | 125 replies
But praising DR for this way has nothing to do with how STR's would've been effected by this.