Self Employed? How to get your $10,000 Stimulus Check
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- เผยแพร่เมื่อ 26 ก.ย. 2024
- The Stimulus bill could give you $10,000, up to $10,000,000, FOR FREE - here's how, step by step. Update 4/4/2020 - Very Important for Free $10k: • Critical New Info: Get...
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❎I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other. This is a TH-cam video for entertainment purposes ONLY. IF stocks or companies are mentioned, Kevin MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Kevin's videos. If you need ANY professional advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Meet Kevin®. Any use of other media is by fair-use only. The Paffrath Organization is a licensed real estate brokerage doing business as Meet Kevin® in California under DRE #02032575.
⚠️If you're Self Employed WITHOUT Employees or 1099 Help, go here:
• Just Approved! $23,400...
⚠️The EDIL Grant and Loan Program was JUST Passed -- this means the SBA MAY NOT yet have all systems go for this -- I personally recommend you "get in line" NOW to beat the rush -- but do realize it's going to take time for the SBA to catchup with this new program.⚠️
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If you are a self-employed individual, have a side hustle, are a 1099 employee, or are otherwise self-employed and write people 1099s (pay them), you could qualify for a FREE Economic Injury Disaster Loans (EDIL). The first $10,000 is given you within 3 days AFTER applying (once the bill is passed) as a grant, EVEN IF you get denied for the actual loan. Loans will be between $10,000 to $10,000,000 - which means you could literally get up to $10,000,000 FREE.
No payments are required on the EDIL SBA loan for the first 6 months and possibly up to the first year. The interest rate will be under 4% and the loan may be FORGIVABLE - but you have to request forgiveness. There is NO personal guarantee OR collateral required for the SBA $10,000 EDIL loan / grant. However, you must spend the loan money on approved expenses, like employee payroll, retirement, healthcare, vacation pay, sick pay, taxes, rent, mortgages, business equipment expenses, etc.
Why would the government do this? My guess is rather than paying everyone unemployment AND risk companies file bankruptcy, the government would rather give money to people creating jobs like self-employed individuals, sole proprietors, s-corporations, and other people who pay or otherwise hire people - IF they're impacted by the outbreak. This would allow people to keep their business up and running.
Common questions: Do I qualify? If you've been in business before Feb 15, 2020, you EITHER have employees OR 1099 people (pay help), you SHOULD qualify for the $10,000 grant PLUS potentially a forgivable loan up to $10,000,000 for approved purchases.
What do I have to spend the grant money on? Approved business purchases like payroll and business operating costs. The point is to keep your doors open (well, financially open).
#FreeMoney #HowTo #Bailout
NEW INFORMATION: Update 4/4/2020 - Very Important for Free $10k: th-cam.com/video/Cbv9NVNJhwU/w-d-xo.html
How to Apply: th-cam.com/video/6f7AtMyDoJc/w-d-xo.html
All the Ways to Get your Free Money: th-cam.com/video/Wu3qSCfMbP8/w-d-xo.html
is uber driver included ?
Is Robinhood giving out free money again?
😂
Its the Federal Reserve giving out money now.
Only if you're a customer of Robinhood!
Even better. It’s the government this time lol
Money printer go brrrrr
If I get $10k, I will purchase every single one of your courses!
He pinned you to hold you accountable lol.
Lolz I wish i lived in america arround now!
Same
www.washingtonpost.com/business/2020/03/26/small-business-administration-loan-faq/
Q: What will the interest rate be?
Interest rates on these loans are 3.75 percent for small businesses and 2.75 percent for nonprofits.
I'm just glad that there will be absolutely no way for there to be any fraud or abuse in this program. Thank you Gov't!
🤷♂️ The game was designed to be played.
@@FxckRacism So what? Then, just pay back what you don't spend on business expenses. Wtp?
@@FxckRacism No... $10K is "forgivable". Meaning, some point down the road there will be a forgiveness program you will have to apply for. And anything not spent on the business will need to be paid back. The rest is a hand-out. Any smart small business owner would invest 100% of this into their business.
I'll take $10,000, but I don't think the government would be happy giving it to me!
Same feeling
Can't please everyone, so you got to please yourself. th-cam.com/video/uAHR7_VZdRw/w-d-xo.html P.S. Warning, it's Ricky Nelson (RIP) and country music.
@@mrconsignment great song
I'm glad I went out on my own at 18...
@@ohyeah8224 how'd you do that. I'm looking for a way out
I attended a webinar with the SBA directly yesterday. From what they mention on there (I wrote these facts down)
Loan is a fixed rate at 3.6% @ 30 years
You must apply for an economic disaster loan
No collateral needed for loans 25k and under
Your credit will be checked, and marginal credit is acceptable (650 min)
As of now the loan itself is not forgiveable. You can only defer payments for one year.
SBA determines how much you will qualify for
They will need:
PnL for your business
Schedule of liabilities
Debt schedule
Tax return. If you have not filed taxes for 2019 yet, 2018 will be accepted
You must provide proof of distress.
They said to expect 4-6 weeks for a response. They are really far behind.
Thank you for clarifying! 👍
will the grant apply to real estate agents?
so, no 10k?
How to prove for distress if you have work going on. Means no 10k for them ?
Jack's Son if you don’t know what PNL means this don’t apply to you
Kevin’s enthusiasm is contagious. He is a much needed business advisor during these turbulent times.
The main question is:
How much toilet paper I can get for 10 grand?
An unopened pack of 6
Given the current demand probably about 13 rolls
Asking the real questions
A shit load
palillo2006 yes sir !
Almost Everyone i know on my socials are Barers of Bad News. Kevin, thank you for making a positive impact in these times.
Bless your heart and stay safe!!!
IREK trades my funds and im up $34k already this year...
@@barrygerrald5743 how can he be reached?
@@barrygerrald5743 irek piekerski.. he trades for me as well .. im up 22k already this year...
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If you say 'free' enough times, it might become reality
It says *Sole Proprietors should complete form 5C, so don't do it on Form 5, use the form below it.
I actually paused your video, opened the SBA site and went through the application. It seems to be even more streamlined now 6:30am 3/30/20. Awesome, Thank you!
I am committed to self-development and thriving.
There are 2 totally difference loans: 1) EIDL by SBA and 2) Paycheck protection program under Section 7(a)
EIDL - check SBA website for details of paperwork; max $2M, but NO forgiveness, $10k in advance to be used in certain categories, you'll get a call so that the loan officer determines loan amount based on details of application. Guys, this is not for people borrowing 20k - many small businesses would request anywhere from $0.5M to 2M to maintain their business for the coming 12-18 months due to COVID-19.
PPP under section 7(a) - apply directly via bank lender backed by SBA, max loan amount = 2.5 x monthly payrolls of all employees making under 100k salary, YES you must apply for certain categories to be forgiven with proper strict documentation requested by the bank (the bank has 60 days to review and make that decision). This loan helps to get the employees hired and stayed employed, but it will probably be dried out within 2 months, if you cannot decrease the overhead. People running a real small business know what I am talking about.
You can try applying for EIDL and maybe get that 10k, but I am not sure about the ramification if your loan is approved for say 50k. That money is a loan at 3.75% over up to 30 years. No forgiveness [unlike PPP under section 7(a)]. So, congratulations, you just got another mortgage to pay unless you really need that money to keep the business running. And most likely, you will be asked to provide documentation of how your 10k was spent in your business.
Thank you for providing the truth about this! I just hope others will listen before it's too late.
i predict there will be rampant fraud with this forgivable loan. People will be bullshitting their expenses, just to try to get shit forgiven.
kk P basically how some countries are grown
You and my 74 year old Mom who never had a job because my Dad always provided are on the same page about economics, work ethics, and life priorities.
His words are confusing me. He says free, he says grant, he says loan, and he says interest. To me free and grant means you don't pay back. So, what is it? I don't think government are giving away money for free.
It’s not free. Us the tax payers are paying by inflating the dollar. Enjoy paying more to get less.
Thank YOU, I am a single member llc and just applied in 2 minutes quick fast. Crossing fingers god bless you all
Don't kid yourself, they will want this money back with the interest so be careful
Nothing is free in this world. That is for sure. However, if you can secure a loan with no payments for one year, and fixed interest in the 3 percentile, I'm game for that. Any interest, fees, etc tacked on I will cover and then some by properly investing that money.
Never get in bed with fed.
It's a grant. If approved, you don't have to pay it back.
Mister Fantastic it’s a loan.
The interest will be so low you will make money on the loan.
Hey Kevin, Just Wanted to Give you a heads up - They changed the application and made it much easier to fill out. No more various forms needed. All done through an online app!
Student loans are supposed to be "forgivable" too and we all see how that went.... Stay far away if you don't need to keep your business from closing.
💯
you mean stay far away if you Do need to keep your business from closing, lol
:P
Cristian Eiden No he is saying if you don't need the money, don't go for it.
Also student loans were never forgivable. They were *deferrable* .Which, most students did/are doing.
Gabriel Velazquez no, there is a forgiveness program. He means exactly what he said. It’s just extraordinarily rare to get that approved.
Thanks Kevin we applied and got it as a independent contractor
"If the business uses the loan funds for the approved purposes and maintains the average size of its full-time workforce based on when it received the loan, the company will only need to pay back the interest accrued."
Is it free 100%? I read online we'd have to pay back the INTERESTED ACCRUED if the business uses the LOAN funds for approved purposes.
They changed the site. I did mine last week. It was easier and was all 'point and click' , was accepted and just waiting on review.
Oh boy, this is going to be a long line. Just the Realtors alone are going to clog the system.
Fuck those parasites
Goddam parasites
im saying lmao smh, I hope I get I really need it for upkeep of rent for the items I sale.
Wow, a lot of disdain for Realtors on a TH-cam channel of guy who is a Realtor.
So true.
You talk about inflation and here you are applying for this? Way to go
It's greed. He doesn't seem very distressed to me and will still take the $$$$$.
I wonder how many people are still working, but earning less than someone will get on unemployment.
That would be me.
I just worked this whole week, with no pay. (Self employed). Literally made 0 dollars. Yet I have to pay everything and everyone. So people on unemployment made more than I did.
Me 🙋🏼♂️
are u mad because you’re not getting unemployment?
the 600 UI hasn't been applied yet.
Best channel on TH-cam.
Sole proprietorship is actually form 5C which is the one below that and only requires two forms. Secondly this is a loan with 4 percent interest rate which is about 1.5 percent higher than banks for a 10k loan with excellent credit. Third it is only forgivable after all means of collection are exhausted meaning it goes through a collection agency process similar to when filing for bankruptcy except your primary residence is not excluded from collection. This means if you fail to pay they will put a lein on your house. Before any part is forgiven they would sell your house at auction as well as any cars and personal property you own to repay the amount owed and if after selling everything you own including your house still doesn’t cover the amount you owe then the remaining amount MAY BE forgiven. Be for certain: THIS IS A LOAN! Not a grant!
It is NOT forgivable. This is a loan. On SBA.gov under COVID-19 disaster assistance's page (www.sba.gov/disaster-assistance/coronavirus-covid-19): "These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%."
Exactly - this video is reckless. The forgivable loans are not currently available yet, but I imagine they will be on Monday ASAP with major banks handling them - Paycheck Protection Program is the forgivable loans. NOT SBA.
@@tonygonzalezofficial when is the paycheck protection program going to pass?
@@LTV999 It's passed already, you'll want to contact your bank on how to get the loan. Here's an ACCURATE article - www.forbes.com/sites/peterjreilly/2020/03/27/paycheck-protection-program-looks-like-a-very-sweet-deal/#31d8d9e81c60
My wife filled this out the first day it came out on the site.
$10B divided by $10k is 1 million grants, not 100,000. 1 million people can get it
Btw free money is a bad thing. Reference: please refer to Venezuela 🇻🇪
Free money does not instantly mean Venezuela.
What would do you want me to do not take free money?
Agreed
Nope Try... brutal US sanctions.
I would agree that the free money isn't a great idea. It seems to me, though, that in light of a govt mandated shutdown of privately held businesses in a capatalistic economy, on some level they have a moral obligation make those businesses whole. "Free money", tax holidays, loan programs, etc. are some of the ideas I've heard. Otherwise, there will be no place for people to go back to work to. Complex subject with lots facets to consider.
I just subscribed to your channel as a thank you. I was struggling to find out where to apply for the grant, even google it and could not find any help. You were on target and the right time. Thank you.
**UPDATE: For anyone following the link to the SBA website...it's been significantly updated since this video was published. I followed the link in the description and it took me to a different page, but the concept is still the same. In fact it's actually much easier now and I applied in like 5 minutes. It said it would take 2 hours but I think that's if they send you additional requests for information. My guess is since the launch of this video they've gotten an huge influx of new applicants lol. But yeah! Much easier now, I just applied and I'm hoping I get approved for my business.
DJ Sunkisst where do you submit your application?
PeculiarImage Look for a button on the site that says apply. It should be in big red letters. It’s also on a banner on the top of the website now. Look for the Economic Injury Disaster Loan. Anything that says that, click on it
@@oldaccount67543 Did you see a space for how much to request as the loan/grant? I did not.
Boris Sharapan Fabrikant, Esq. i didn’t. they’ll probably call you about it
www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
I read what the terms and conditions are on this loan, and it doesn't say anything about removing the loan from your credit. It just means that if you can't make all the payments on the loan, the bank will extend it for ten years, and charge you 4% interest, which means you'll be paying the bank four hundred dollars every month for ten years. Plus, it doesnt even tell you if the bank will not charge you additional fees on top of the loan afterwards.
It's the worst deal possible, and it's because the banks are working with the government do to the stimulus package of twelve hundred dollars being handed out to everyone. It's disgusting. If you really need money for your business, you could start a crowdfunding campaign for your business. It'll be way better then bringing your life down a dark, debt hole where you'll be paying the bank four times the amount they gave you.
Thanks for the info. This guy is horribly misleading, and there's a lot of he's leaving out.
@@th3azscorpio thank you so much, and I totally agree with you. It's terrible. All he cares about is people paying for his courses rather then really helping people in their time of need.
4 minutes my ass. As a sole proprietor, after a hour and a half I still had hours of information to input. Thank you for the information. For a real estate professional road blocks are vast throughout the process. On a brighter note, please keep all of your great information coming 😀
Didn't realized I had not subscribed, your videos kept popping anyways lol. Your content is entertaining as well as it is extremely valuable. Keep up the honest good work. Thank you.!
Aaaaand its gone...
He obviously jumped ahead about applying because this wasn't even available to apply for until the president mentioned it today, 4/3.But if you did make sure you get an application # and make sure it was for the Covid-19 Economic Injury Disaster Loan Application
Never closed a faze rug video that fast
Zahid Angeles lmao that kid is so cringe
Who?
You are killing it Kevin.... This disaster is your golden ticket
I had started a Notary Public/Loan signing side hustle 2 months ago. It went through the roof this month because of people refinancing and the virus making people doing Power of Attorney and Refinance loan at home! 185$ for 30 minutes of work people!
thinking of do this too but unsure about the multipule contacts with people?
@@cetriyasArtnComicsChannel Just did another one today. That's how you differentiate. Have gloves, keep distance, while still have empathy to people.
Free money pisses me off. This hurts everyone.
I agree wholeheartedly. Love your solar vids by the way. Been watching you for about a year.
Buy more Tsla and vote Kevin for President!
James Costello lol people don’t need a Tesla when they lost a job and can’t pay mortgage
Way more informative than other guys. Definitely subscribed. As a lyft driver we are hurt as we slowly lockdown state by state
It’s only “eight weeks of loan forgiveness” in very specific categories.
Wrong. You’re looking at the PPP specifications. Not the same thing as EIDL
pure value in this video. happy to subscribe
The devil never gives anything away for free . There's ALWAYS a price to pay .
The IRS is now an authorized representative of Mephistopheles? Intriguing. Is this why they solely use the least convenient method of communication possible, the US Mail?
@@eriks.larson1310 What's, Mephistopeles ?
OF COURSE!! you will pay taxes(self employment taxes) on $10000 when you include it as income less expenses.. depend on have they qualify the $10000 in the tax laws...IRS decides how they want to quality it how you use it.. example : pay payroll, give to charities(possibly make masks for Hospital staffing or others), healthcare insurance payments, etc giving you an idea...
Dear Kevin, please notice a 10 billion stimulus divided by a 10K grand equals "1 Million grands" not 100K as you erroneously mentioned. The best for you and your enterprise Kevin, thank you for all the free information you had posted, its greatly appreciated
as an uber and doordash driver i file 1099s every year. am i qualified for this?
I'm so glad I subbed. Nothing but good info 👍💰
If you have a 401k be careful with taking a hardship loan. They are waving the early withdraw fee which is (10%), but you still have to pay other taxes on it.
DON'T EVEN TOUCH YOUR 401K. Eat beans for a month or two. Sleep in a cardboard box. Give hand jobs down at the railroad tracks. Just do not cash in your future. Don't do it.
@@jimdoire2177 even if I need it as an emergency for a daughter with kidney disease?
Great coverage of the stimulus law (now signed into law by the President). The best coverage on TH-cam I have seen so far that actually goes into the text of the law. I just spent 3 hours today reading it and admittedly this is one section that I glossed over. Great work again, Kevin! (I have been following your channel since 2-3K subs, btw).
This sounds almost too good to be true. But if this really works, this video is about to blow up!
@beatle pete 100k+ views in 24 hrs, lol I applied to see if its true
@beatle pete yea pushing links, but hopefully I get a surprise
Very useful information
Thank you Kevin
There is nothing for free, remember that
There actually is stuff for free you just have to find a way around it haha
That's right . This fre free money is at the expense of dollar . We are leading towards dollar collapse folks . Make USA into Venezuela
@@R3cklessExo The point is, SOMEONE is paying for it.
Wish more people actually knew this instead of just cheering for it.
@@R3cklessExo We will be paying taxes on it regardless. Do you want part of it or not?
Hey Kevin! I just got my advance!!! Ty sooo much! Failing comic book studio and definitely needed that. You’re the man!
it's never free.. we will pay for this, or our children.. grandchildren.. and so on.. hyperinflation is in our future..
@@manictiger You are correct... somehow none of my friends understand this concept or do not want to know the truth. They'll understand soon enough.
Exactly.
@@manictiger fun fact: Trump ended the fed today
I just filled it out! Thanks for the info!
Does this loan/grant program apply to gig workers like Uber and Lift drivers?
He just uploaded a new video specifically for gig workers!
@@mattkraig Where?
I have already uploaded and submitted mine. I just discovered you about 2 weeks ago. Thanks for all that you do here. I greatly appreciate it! Joe
This is HUGE 🐘! Everyone get your apps ready 😁
Where do you send application?
@@tooeazeful disasterloan.sba.gov/ela/
@@ApplicoInc thanks i uploaded on website too
This guy has been killing it!
Thanks, Kevin!
You are really taking a risk if think this is forgiven, at some point you will have to pay back something. Even grants aren’t a protected agreement not to pay back in many cases.
HEY GUYS UPDATE UPDATE: Make sure you go back to the SBA site and reapply for the SBA loan/10k stimulus. The application process has changed yet again (third time now)! This new application is completed in 5 minutes or less. It will ask for your:
Corporation type
Number of employees
Gross rev up to January 31, 2020
Cost of goods sold up to January 31, 2020
NFP figures (if applicable)
Legal questions
EIN
You will need to fill out your personal credentials
It will ask if you want to be *considered for the 10k stimulus*
Enter your business checking and routing numbers
A confirmation page with your application number will be displayed (print it)
Previous applications are still valid, but do not rest on your laurels. Government is incompetent, and consider it a day one application every single time. Make a habit of checking the SBA website regularly. Any changes, follow through. Good luck.
Since money is fungible. (I didn’t spend “that money” on the cruise, but this other money I had.) how can they decide that you spent the loan/grant money on legit expenses?
I want to know this also!
Good question!
Someone please help answer this
By requiring you to show receipts for what you actually bought or spent money on to help your business. That is how. If you cannot produce something showing you used the money for your business then they don't have to prove anything else really. A person with a legitimate business use for the money would be spending to help it survive and there would be a easy paper trail to follow.
xex2kok can I use the money to buy a new computer for my business? The one I now have is about 6 years old already.
Wow! THANK YOU! I can't get this money, but I know people who can. And really need it.
Hey Kevin. I do Uber eats and I’m on 1099. I financed a car to do this. Can I declare that as a business expense to get this loan to pay off the car?
You can use it for "payroll"
Yes you can apply
Thanks for the info Kevin.....I'm on it 💪💪💪
Here’s the catch....You must take the first flight to China ✈️....take a taxi to ground zero to the infested market where the coronavirus started and take a bite out of patient Zero 🦇 . On your way back, visit every Italian hospital..last have an 800 credit score!
LOL!
Don’t forget you have to take a bite of a pangolin too
Just Saying
I was willing to do all mentioned til you got to 800 credit score. I just can’t get there.
My credit score is 747. I will say it pays homage to the jumbo jet, and get a pass on the travels.
That is fucking hillarious!
Thanks for sharing bro. Love your course plug , comedy. Get your money G!🤑😂😂😂
Free cheese on every mouse trap.
Wes C “Once we out the RFD chip in your wrist you get your $10k”
Free beer......tomorrow🐗
Thank you for this info! You were spot on!! Most valuable (literally) video I’ve ever watched on TH-cam 😉
Wow. This is starting to look a lot like Rome's late monetary policy. You know, before the collapse.
That's EXACTLY what they're doing. The globalists are crashing the economy so they can force "global currency" aka - New World Order. This is very bad.
Tried to submit online but the option wasn't available. Anyone else having issues submitting their forms online?
From an ethics standpoint, if you don’t need this money due to the recent events, it is inappropriate to apply. It is also like a giant game of jenga that eventually changes to a game of king if the hill mastered only by the rich politicians and chummy companies like Harvard.
i am self employed as a food vendor do i get 10,000? i have no employees and i paid taxes for the year 2018.
What sucks is it actually is 10k if you have 10 employees.
Great info! I shared with friend and family.
Kevin thank you for all the great detail and information. It is truly appreciated and you have great content
So if I have a eBay resell business roughly made $5,000 in 3 months can I get this grant?
Do you report your income/profit to the IRS?
ccrntrade no not yet, but I filled out the application already and all the necessary documents. How should I move forward now?
Christian Gonzalez file quarterly taxes...I’m a full time reseller. File and the tax won’t be due until July
Kelly L ok thank you I will. How do I do that?
Christian Gonzalez I just read the documents and you have to be in business for at least 1 year.
Is it allowable to do both the self employed unemployment AND the $10K grant, or is it one or the other?
Question: As a musician (self employed) I can receive 10,000? Are you saying people who receive the 1099 or give a 1099?
David Saintival give
John Pratt thanks
Even if you receive. Independent Contractors qualify as well go to the sba.gov site and hit the yellow banner on the top. It's going to ask you some qualifying questions. Being an independent contractor qualifies you.
Quite possibly one of the best videos ever. I immediately subscribed to your channel and hit the bell because of it.
Open my LLC dec 2019. Have no tax return. Should I still apply for the loan ? Single member LLC still haven't started operation
lambo biggz sounds like me too
22 (2) the requirement that an applicant needs to
23 be in business for the 1-year period before the dis-
24 aster, except that no waiver may be made for a business.
I think I found my answer in the document.... I think.
I would still try, worst that would happen is you'd be denied.
@onnielou70 no employees,
Appreciate your video, so this is not an attack but a correction. $10B divided by $10k is 1M grants (not 100k grants like you stated in 3:00). Anyways, keep up the good work, you're awesome and appreciated
That would be a nice extra 10k to dump into the market
right man
@@Meow-vx4ok Exactly
Kind of shitty, knowing that this is coming out of people's taxes.
Now imagine being the federal reserve and owning the damm printer. Un fucking believable
exactly why I’m voting for Kevin 2020
What about a sole proprietor with no employees except yourself ?
Dam who knew the government would help the small ppl? That’s crazy. I thought I was gonna live my whole life in corruption
They’re not helping you buddy. It’s a scam.
Alex Xander I know :(
Just applied. If I get it I'll grab a course.
You can't use it for that. Learn what you're applying for.
Too slow little fella?
Kevin, if you are a Sole Proprietor you have to fill out another form: Form 5C. I just filled mine out :)
What about Real Estate Agents (independent contractors) that are newer, but still before feb 20 2020, and have not made money yet? This has greatly effected the start of my new business.
Start up businesses often find it difficult to get funding and help - but there are people who are knowledgeable about this and can help - here's where to go to get more info and you can even check if you qualify without affecting your credit score: apply.fundwise.com/ViaYT
It's not free you're going to pay it back with taxes higher taxes!
Aka communism
Devaluation of your money via inflation.
JAH MUZIK
No, you need to study history.
Where ever there is communism there is financial collapse. Look at Germany.
Call it what you want, Marxism, Bolshevism, Communism, they crash the family, morals, finance then food (ala Holodomor).
We all know what happens next. Pissed Austrians sport funny facial hair. The rest is history.
budo r slap urself
@@japonicaren That is true, wherever there are corrupt people, you see failure, Thats the real problem, Balance and Good People, Thats all it takes, But you see people are weak..........
How does the multiplier work if I don't take any money out of my business--organized as a C corporation--and reinvest it all, but have independent contractors (currently two) who each get paid $20,000 a year in contract pay, and $12,000 per year (equivalent FMV) in Per Diem housing benefits that count as a $750 tax-deductible, above-the-line business expense to my C corporation and are tax-free to each of the independent contractors, since housing is a condition of employment? My pre-tax profits are $75,000 a year and the expenses are $105,000 (including the $40,000 in wages and $18,000 in per diem housing benefits). I tithe 10% of the pre-tax profits to my church (C corporations exclusively get this specific deduction), or $7,500, and take that as compensation tax-free as a ministerial housing/parsonage allowance; the other 90% gets reinvested back into the C corporation to purchase more business-related assets.
Okay, I have a 1099 from last year, but I haven’t done any 1099 related stuff. Can I still apply?
Leo Zuniga that’s what I want to know
Me.too. I was 1099.all.2018.n.1 report of.1099.on 2019 for 3500 for bookkeeping which he did not g ive me.a 1099 but I reported as cash plus 2500 for postmates but working part time w2
No 1099 so far . Do I still classify?
Caroo2short I paid taxes on 17000 how much do you know I feel like should be able to
@@user-gw8lp9zm3c No because you don't know how to make sense when you write, let alone a grammatically correct sentence.
@@TheDigitalMedia
Hi I meant to say this. 2019 I had 3 jobs. 2 reported as 1099. One of them never gave me anything to report even though I was above 600 but I reported as cash on my taxes 2019. The 1099 . The other reported 2500 on a 1099 misc. The third job was w2. This year so far I'm only a w2 no 1099 income as I am not doing freelance yet. So do i still classify?
Tk.
Kevin, I believe there might be another form to fill out if you're a sole prop. I wanted to clarify because it says on form 5 that "Sole Proprietors should complete form 5C". This way people don't select "other" on "Form 5" and then get asked to fill out form 5c a few weeks later when it might be too late to receive a grant at that point. Thanks for all the information. I greatly appreciate all the hard work you put into this channel. I just got my application completed and I also applied forbearance.
Anyone else sick of hearing about Webull?