Stimulus Checks

[FlyingScot]

Originally Posted by TiltonBB

Keep paying your taxes and enjoying it!

The Fisher Island Association representing the richest zip code in America was approved to receive a $2 million emergency coronavirus relief loan from the Small Business Administration, despite suffering no layoffs and no apparent financial impact from the coronavirus pandemic.

Because of the outrage they polled their owners and decided not to accept the money.

Who applied for this?
Who approved this?
How many more situations like this are there that we have not heard about?

https://www.aol.com/article/news/202...gram/24104903/

My company borrowed $367K as part of the same Paycheck Protection Program, so I'll fill in a few blanks:

The program is really well intentioned--it allows a company to borrow 2.5 months' worth of payroll, and then forgives the entire amount if the company does not fire employees between now and June. So essentially the government is covering your payroll expenses under the condition that you do not fire anyone.

But the problem is that there is no real requirement that a company "need" the money. So even if your business was doing fine, you could still get the loan. The real determinant of who got the first round of loans was companies who were able to complete the (very easy) paperwork instantly and also had good relationships with their banks. We were lucky to have a very good relationship with a small local bank, so we avoided the horror stories.

Who has good relationships with big banks who doled out the lion's share of the loans. If you guessed large, sophisticated companies with plenty of financial resources, you'd be correct.

Who cannot get the free money? The people who need it most. Restaurants who laid everybody off, but still have to pay rent and are going to have a miserable time even after they are allowed to reopen, just for example.

[pondguy]

I am retired and disabled after working for 42 years and I didn't get a stimulus check.

[gwhite13]

notice how all these big (publicly traded) companies are returning this money with dubious claims of how they were allotted monies. someone in the accounting division with normal oversight, pushed the send button with only a fully completed application.

[Sue Doe-Nym]

Originally Posted by pondguy

I am retired and disabled after working for 42 years and I didn't get a stimulus check.

We are also retired, not disabled, and we didn’t receive the stimulus check either. We qualify....go figure.

[Flylady]

Originally Posted by Sue Doe-Nym

We are also retired, not disabled, and we didn’t receive the stimulus check either. We qualify....go figure.

Go to this site to check on the status of your check.

https://www.irs.gov/coronavirus/get-my-payment

I checked once a day and got a message that no data was available. Then one day it asked for additional info and said it would be processed.

Still waiting to see when it shows up in my bank account.

[Major]

Originally Posted by Sue Doe-Nym

We are also retired, not disabled, and we didn’t receive the stimulus check either. We qualify....go figure.

Please be more proactive. My oldest son who was technically furloughed but given his job we are not sure whether it will be there when this nonsense is over and my youngest son both received stimulus checks. Sometimes the squeaky wheel gets the grease. My suggestion is to be a pain in the you know what. Good luck!


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[Sue Doe-Nym]

Originally Posted by Major

Please be more proactive. My oldest son who was technically furloughed but given his job we are not sure whether it will be there when this nonsense is over and my youngest son both received stimulus checks. Sometimes the squeaky wheel gets the grease. My suggestion is to be a pain in the you know what. Good luck!


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Thanks...we’ll give it a whirl. I am an expert at being a pain in the you know what! 🤓

[Hillcountry]

Originally Posted by Sue Doe-Nym

Thanks...we’ll give it a whirl. I am an expert at being a pain in the you know what! ��

Just now checked the “get my payment” IRS site where we were just getting the “no information” for the last few weeks and had given up on checking...to our surprise, it asked for “more info” so we put the info in and it said “YOU WILL HAVE YOUR STIMULUS DIRECT DEPOSITED!”

Hallelujah!
Now we can pay our taxes...

[exlakesregioner]

Originally Posted by Hillcountry

Just now checked the “get my payment” IRS site where we were just getting the “no information” for the last few weeks and had given up on checking...to our surprise, it asked for “more info” so we put the info in and it said “YOU WILL HAVE YOUR STIMULUS DIRECT DEPOSITED!”

Hallelujah!
Now we can pay our taxes...

Been getting that notice for over a week now and still nothing, have a friend that got a notice that his will be deposited later this week, so I guess we have to wait for another update?

[Hillcountry]

Originally Posted by exlakesregioner

Been getting that notice for over a week now and still nothing, have a friend that got a notice that his will be deposited later this week, so I guess we have to wait for another update?

Apparently...we were just happy to see a different response to the inquiry.

I suppose the next “update” will pronounce a deposit date?

[TiltonBB]

A friend checked the "Get my payment" website and it said his check would be mailed May 1st, along with a letter of explanation. So hang on, they are still processing checks.

[JEEPONLY]

I don't hear anyone talking about spending hours/days in car lines trying to get food to put on the table (as is happening in many other areas).

I understand this is a conversation about our "new society"- but what's with all the groveling over the stimulus check?

[Sue Doe-Nym]

Originally Posted by JEEPONLY

I don't hear anyone talking about spending hours/days in car lines trying to get food to put on the table (as is happening in many other areas).

I understand this is a conversation about our "new society"- but what's with all the groveling over the stimulus check?

Commenting vs. groveling....I consider it the former.
I just checked the definition of groveling, and it makes no sense in this context.
Maybe commenting vs. growling works better. No growling, please. We should all wait patiently for our allowance.

[JEEPONLY]

Originally Posted by Sue Doe-Nym

Commenting vs. groveling....I consider it the former.
I just checked the definition of groveling, and it makes no sense in this context.
Maybe commenting vs. growling works better. No growling, please. We should all wait patiently for our allowance.

Thank you for the civil comment.

The statement "Now we can pay our taxes" was made on this thread. Yes, I saw the emoji, but still...

It doesn't seem to me that anyone here is getting into food lines- at least not in the Lakes Region.

My apology for misunderstanding you, Jethro (Hillcountry- see what I did there?)
You like to "bait" people to get a rise out of them- you ARE a troll!

[Hillcountry]

Originally Posted by JEEPONLY

Thank you for the civil comment.

The statement "Now we can pay our taxes" was made on this thread. Yes, I saw the emoji, but still...

It doesn't seem to me that anyone here is getting into food lines- at least not in the Lakes Region.

My apology for misunderstanding you, Jethro (Hillcountry- see what I did there?)
You like to "bait" people to get a rise out of them- you ARE a troll!

You said you “must be missing something” and I just agreed with you. As far as “bait” yes I am a fisherman and have “caught” many fish while trolling.
Name calling doesn’t bother me in the least...let’s see what else you can “do there”

[JEEPONLY]

Originally Posted by Hillcountry

You said you “must be missing something” and I just agreed with you. As far as “bait” yes I am a fisherman and have “caught” many fish while trolling.
Name calling doesn’t bother me in the least...let’s see what else you can “do there”

That's why some people appear intelligent, until they open their mouth!

[Major]

Originally Posted by JEEPONLY

That's why some people appear intelligent, until they open their mouth!

. . . from Mark Twain - "Better to remain silent and be thought a fool than to speak and to remove all doubt." Although I love this quote, I don't follow it too often!

Which also reminds me of - "Never write if you can speak; never speak if you can nod; never nod if you can wink."

[Susie Cougar]

I just looked up the title of the article.

Social Security recipients: You may have to act to get your stimulus money electronically.

I googled this and found” the article” that you asked about.
The article directs you to the website that I posted earlier. It said that many Social Security recipients, not all, are having problems. I guess you were lucky.

[JEEPONLY]

Originally Posted by Major

. . . from Mark Twain - "Better to remain silent and be thought a fool than to speak and to remove all doubt." Although I love this quote, I don't follow it too often!

Which also reminds me of - "Never write if you can speak; never speak if you can nod; never nod if you can wink."

Major- I don't think I've EVER agreed/understood with anything you've posted- but this IS good!

Thanks!

[JEEPONLY]

If you have SS checks electronically deposited and/or you get tax REFUNDS electronically deposited- you should be good to go.

It sounds as though, if you don't have some kind of electronic input from the government (get tax refunds/SS), you need to make different arrangements.

[Hillcountry]

Originally Posted by JEEPONLY

I don't hear anyone talking about spending hours/days in car lines trying to get food to put on the table (as is happening in many other areas).

I understand this is a conversation about our "new society"- but what's with all the groveling over the stimulus check?

Yes, you are “missing something”
You seem to miss a lot but I realize it’s because you’re blinded by your “new society” ideology. There is no “new society.” There is however, a grand, manipulation of existing society.

[VitaBene]

Originally Posted by JEEPONLY

I don't hear anyone talking about spending hours/days in car lines trying to get food to put on the table (as is happening in many other areas).

Hopefully post CV-11, many will reconsider preparing for wide ranging emergency situations. Yes, it requires spending money on things that aren't frivolous like food and paper goods. It will also require people to not spend money on frivolous things and establish a rainy day account.

[ApS]

Originally Posted by TiltonBB

A friend checked the "Get my payment" website and it said his check would be mailed May 1st, along with a letter of explanation. So hang on, they are still processing checks.

Iowa is cutting off unemployment to employees who refuse to return to work. Will more states, like New Hampshire, follow?

[Sue Doe-Nym]

Originally Posted by ApS

Iowa is cutting off unemployment to employees who refuse to return to work. Will more states, like New Hampshire, follow?

We can only hope so! How can we expect to get back on track if a person benefits more by staying home rather than returning to work??? 🙄 Uh duh..... let me think....that’s a tough one!

[Flylady]

Originally Posted by Sue Doe-Nym

We can only hope so! How can we expect to get back on track if a person benefits more by staying home rather than returning to work??? 🙄 Uh duh..... let me think....that’s a tough one!

Do not get confused. The majority of intended "victims" in Iowa are people who work in the large corporate meat processing plants. Plants that have had large outbreaks of C-19. The same plants where the President using the wartime Executive Powers ordered the plants to reopen. Is it a coincidence that the majority of plant line workers are immigrants?

[tis]

Hill, I read somebody took the money but didn't need it so donated it to one of his causes. Why shouldn't that go to somebody like your daughter who really needs it? So annoying.

[Hillcountry]

Originally Posted by tis

Hill, I read somebody took the money but didn't need it so donated it to one of his causes. Why shouldn't that go to somebody like your daughter who really needs it? So annoying.

Thanks! Govt “programs” sometimes do not go to help the ones that need it most. I also have read where these stimulus “loans” have been taken by large, organizations that are flush with cash already...don’t know what the answer is and doubt few do.

[Hillcountry]

I have been following a local pizza place on FB that has been closed after trying take out early on.
Initially, the owner said May 1st would be his new opening for take out date.
I messaged him earlier today as we were going to order food tonight.

Here is his message:

”WE ARE TRYING TO REOPEN BUT I’M STRUGGLING TO GET EMPLOYEES BACK IN HERE. THEY ARE MAKING DOUBLE ON UNEMPLOYMENT WHAT THEY NORMALLY WERE. IT’S A NATIONWIDE PROBLEM”

So sad and not a good thing for reopening the economy. Serious mistakes Have been made that may well be the last nail in the coffin for small business.

[Flylady]

Originally Posted by Hillcountry

I have been following a local pizza place on FB that has been closed after trying take out early on.
Initially, the owner said May 1st would be his new opening for take out date.
I messaged him earlier today as we were going to order food tonight.

Here is his message:

”WE ARE TRYING TO REOPEN BUT I’M STRUGGLING TO GET EMPLOYEES BACK IN HERE. THEY ARE MAKING DOUBLE ON UNEMPLOYMENT WHAT THEY NORMALLY WERE. IT’S A NATIONWIDE PROBLEM”

So sad and not a good thing for reopening the economy. Serious mistakes Have been made that may well be the last nail in the coffin for small business.

Each state has different laws regarding unemployment. In CA. if you are called back by your employer and do not go...your unemployment stops! If the call back has less hours than you originally had, then unemployment will make up the different of the reduction. The $600.00 from the Feds may or may not have any impact as the way benefits are calculated they in general would only cover you for about 60% to 70% of your normal wage.

[JEEPONLY]

When I was in high school, I worked as a delivery boy for a corner-store pharmacy- way before CVS/Rite Aid/Walmart (you get it). This was in a city with a population of today's Manchester, but higher population density.

The owner was a great guy- young and business minded.

We delivered to MANY welfare recipients (some addresses were on slummy streets, others were in actual ghettos). I can remember going to some of these places having back-yard beer parties/plenty of cigarette smoking/and other!

To be fair, some addresses were in different type neighborhoods and deliveries were to disabled people.

I remember hearing a conversation he (the owner) once had with another adult. The other asked him why he encouraged welfare.

His response: They pay full price, and they pay on time!

[TiltonBB]

Keep paying your taxes! People in foreign countries need YOUR money!

“One day I just saw my account and I had 1,200 bucks without even requesting anything,” said a French citizen who completed a graduate program at University of Toledo in 2018. “I knew they were planning to give stimulus payments but I didn’t know when it was happening.”

The student left the U.S. in January 2019 and now lives in Zurich.

https://www.politico.com/news/2020/0...workers-228974

[FlyingScot]

Originally Posted by tis

Hill, I read somebody took the money but didn't need it so donated it to one of his causes. Why shouldn't that go to somebody like your daughter who really needs it? So annoying.

I agree that people like Hill's daughter should be getting more, and some $1200 recipients less. But maybe his "cause" was a food bank that has seen demand double over the past few weeks because so many hairdressers, waiters, and others are out of work? That would have been a much better use of the money that sending it back or refusing it. Food banks and pantries are especially hard hit now, not only are more people in need, but donations of food are drying up.

[Outdoorsman]

Originally Posted by FlyingScot

I agree that people like Hill's daughter should be getting more, and some $1200 recipients less. But maybe his "cause" was a food bank that has seen demand double over the past few weeks because so many hairdressers, waiters, and others are out of work? That would have been a much better use of the money that sending it back or refusing it. Food banks and pantries are especially hard hit now, not only are more people in need, but donations of food are drying up.

I honestly do not get this. Please educate me.

Everyone earning below 75K/yr received or will receive $1200 PLUS $500 per child.

SSI recipients that did not have to file in 2018/19 has or will received $1200.

Those unemployed are receiving an ADDITIONAL $600/wk. This is more money than they would be making if they stayed or went back to work.

Why are food banks so overrun?

I have passed by 3 different town food banks distributions over the last 3 weeks and the lines are longer than the food supply lasts! I honestly do not get it.

[Biggd]

Originally Posted by Outdoorsman

I honestly do not get this. Please educate me.

Everyone earning below 75K/yr received or will receive $1200 PLUS $500 per child.

SSI recipients that did not have to file in 2018/19 has or will received $1200.

Those unemployed are receiving an ADDITIONAL $600/wk. This is more money than they would be making if they stayed or went back to work.

Why are food banks so overrun?

I have passed by 3 different town food banks distributions over the last 3 weeks and the lines are longer than the food supply lasts! I honestly do not get it.

What don't you get? They live pay check to pay check. They have no money. Some people have not got that $1200 check yet and some others have not got unemployment money yet. Food is an essential item to survive. No one should go hungry.

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[dickiej]

Outdoorsman....please think about how serious this problem is for millions of Americans....they have no job, no money coming in, no savings (most Americans can not save...they barely get by as it is). They are caught up in the unemployment quagmire, still waiting for approval. They have no way to buy food, pay rent, pay utilities or even put fuel in their car. They are desperate and, in many cases, panic stricken. All this as a result of no fault of their own. Please show some compassion and count your blessings if you are healthy, have a roof over your head and food in your refrigerator.

[FlyingScot]

Originally Posted by Outdoorsman

I honestly do not get this. Please educate me.

Everyone earning below 75K/yr received or will receive $1200 PLUS $500 per child.

SSI recipients that did not have to file in 2018/19 has or will received $1200.

Those unemployed are receiving an ADDITIONAL $600/wk. This is more money than they would be making if they stayed or went back to work.

Why are food banks so overrun?

I have passed by 3 different town food banks distributions over the last 3 weeks and the lines are longer than the food supply lasts! I honestly do not get it.

Food banks are overrun because their clientele lives paycheck to paycheck, with virtually nothing in the bank, if they even have a bank account. So when you say "will receive", that's a problem for those already on the edge. The Greater Boston Food Bank, just for example, has seen its daily demand double because of this.

Their donations are drying up because they get lots of free food from supermarkets and others that have excess. The empty shelves that we've seen are reflective of excess food in the food chain drying up. Also, shrinking incomes and stock portfolios leave many cash donors with less to give.

So they are squeezed at both ends. If you'd like to make a donation, here's a link: https://www.gbfb.org/

[VitaBene]

Originally Posted by FlyingScot

Food banks are overrun because their clientele lives paycheck to paycheck, with virtually nothing in the bank, if they even have a bank account. So when you say "will receive", that's a problem for those already on the edge. The Greater Boston Food Bank, just for example, has seen its daily demand double because of this.

Their donations are drying up because they get lots of free food from supermarkets and others that have excess. The empty shelves that we've seen are reflective of excess food in the food chain drying up. Also, shrinking incomes and stock portfolios leave many cash donors with less to give.

So they are squeezed at both ends. If you'd like to make a donation, here's a link: https://www.gbfb.org/

Thank you. I went to their site, I wish they had a paypal option. I find it to be more secure and easier. There is a food pantry in Moultonborough that I just donated to https://www.foodpantries.org/ci/nh-moultonborough

[Sue Doe-Nym]

Originally Posted by Flylady

Do not get confused. The majority of intended "victims" in Iowa are people who work in the large corporate meat processing plants. Plants that have had large outbreaks of C-19. The same plants where the President using the wartime Executive Powers ordered the plants to reopen. Is it a coincidence that the majority of plant line workers are immigrants?

Flylady, without even looking I guessed we might have a “left coaster” responding. I am not confused at all, and was not referring to the Iowa meat plants specifically, but to the unemployment compensation situation as a whole and how it’s prone to abuse. It’s unnecessary to drag politics into every discussion.

[Susie Cougar]

Originally Posted by Sue Doe-Nym

We are also retired, not disabled, and we didn’t receive the stimulus check either. We qualify....go figure.

I just read an article that said if you are on Social Security you will not get your money direct deposit unless you go to the following website.
Get my payment tool website.
The article said that the Social Security administration is not in sync as much as you would think with the IRS. If you don’t go to the website, you will eventually receive your check in the mail. If you want to speed it up, now you can. Hope this helps.

[DickR]

Originally Posted by Susie Cougar

I just read an article that said if you are on Social Security you will not get your money direct deposit unless you go to the following website......

I got a letter from the treasury today, saying we are getting the $2400 by direct deposit, and we didn't have to do anything at all beforehand. We are retired and on SS. I filed my return back in March and had the refund due come by direct deposit. So what is the "article" that you read that implied otherwise?

[Susie Cougar]

Originally Posted by DickR

I got a letter from the treasury today, saying we are getting the $2400 by direct deposit, and we didn't have to do anything at all beforehand. We are retired and on SS. I filed my return back in March and had the refund due come by direct deposit. So what is the "article" that you read that implied otherwise?

I was just scrolling through the news and it was a story in the business section by Forbes dated today April 28, 2020.

I remember forum members were wondering why they didn’t get it and I thought this might help.

I don’t know how to click on a link like so many people do, otherwise I would.

[Hillcountry]

Originally Posted by DickR

I got a letter from the treasury today, saying we are getting the $2400 by direct deposit, and we didn't have to do anything at all beforehand. We are retired and on SS. I filed my return back in March and had the refund due come by direct deposit. So what is the "article" that you read that implied otherwise?

The difference is that you already filed your taxes. Only if you have not filed do you need to enter the direct deposit info...that’s how I understood it anyway.
We didn’t file yet as we are taking advantage of the grace period.

[Major]

Originally Posted by FlyingScot

My company borrowed $367K as part of the same Paycheck Protection Program, so I'll fill in a few blanks:

The program is really well intentioned--it allows a company to borrow 2.5 months' worth of payroll, and then forgives the entire amount if the company does not fire employees between now and June. So essentially the government is covering your payroll expenses under the condition that you do not fire anyone.

But the problem is that there is no real requirement that a company "need" the money. So even if your business was doing fine, you could still get the loan. The real determinant of who got the first round of loans was companies who were able to complete the (very easy) paperwork instantly and also had good relationships with their banks. We were lucky to have a very good relationship with a small local bank, so we avoided the horror stories.

Who has good relationships with big banks who doled out the lion's share of the loans. If you guessed large, sophisticated companies with plenty of financial resources, you'd be correct.

Who cannot get the free money? The people who need it most. Restaurants who laid everybody off, but still have to pay rent and are going to have a miserable time even after they are allowed to reopen, just for example.

Flying Scott, you and I agree! We “borrowed“ $1,360,000. Obviously we are not the target audience to this program. However, we employ about 55 people and it is going to them. As someone who has only contributed my whole adult working like, I don’t feel too guilty other than burdening my kids with the debt! However, when I go, I think they’ll be okay! ;-)


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