Thursday April 9, 2020
News
Family Business Bailouts
Joe and June started Children's Clothing Company 30 years ago. They are now both age 65 and are interested in retiring. Their daughter Susan is currently the company president and their son Michael is...MORE
How to Protect Your Parents from Coronavirus
I am concerned about my 80-year-old mother who is at high risk for coronavirus. She lives on her own about 100 miles from me, and I have been keeping close tabs on her since this whole pandemic...MORE
CARES Act Rebate Checks to Start Week of April 13
The Coronavirus Aid, Relief and Economic Support (CARES) Act authorized direct stimulus payments to Americans. The payments are $1,200 per individual and $2,400 per family. An additional $500 payment will be distributed for each dependent child.
There are limits on the CARES Act rebate checks for upper–income taxpayers. There is a phaseout amount of $5 per $100 for individuals with incomes over $75,000 and married couples with incomes over $150,000.
The IRS will start to issue direct deposit payments the week of April 13. Sunita Lough, is the Deputy IRS Commissioner for Services and Enforcement. At an April 2 webinar, Lough stated, "Our goal is to be able to provide money directly in people's accounts...MORE
