Coronavirus Plan and Stimulus Checks

UberTaxPro

Well-Known Member
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"Are gig workers, freelancers and independent contractors covered?

Yes, self-employed people are newly eligible for unemployment benefits.

Benefit amounts will be calculated based on previous income, using a formula from the Disaster Unemployment Assistance program, according to a congressional aide.

Self-employed workers will also be eligible for the additional $600 weekly benefit provided by the federal government."

If you haven't filed previous years tax returns do it today!

The quote above is from a NYT article (NYT is giving free access for virus related topics). Good Q&A about Coronavirus Plan, Unemployment & stimulus checks

https://www.nytimes.com/article/coronavirus-stimulus-package-questions-answers.html
 

_Tron_

Well-Known Member
One question is, if the IRS does not have your direct deposit info (for the $1200 payment) is it best to add that now? Or will it gum up the works further to do so? (probably rhetorical)
 

_Tron_

Well-Known Member
Ha. Knew that. Was not the question. Anyway here are some images and links to the related IRS site. Looks like maybe you can only link to your bank account when due a refund. That never happens for me.

1585503141649.png


1585503204661.png
 

2win

Well-Known Member
Curious how this works exactly as self-employed income seems to have a lot of variables. For one Uber and Lyft generally only report incomes annually via 1099, and many drivers don’t even get that reporting.

What about someone who has other substantial income via 1099. Let’s say you work in SF as a coding consultant making $100k a year. But you also usually drive Uber for $60-80k a year. The $100k a year is still coming in but Uber is not. Qualify for the $600 a week fed unemployment? I imagine it gets more complicated for those paying themselves a w2 through a s-corp. Then there is some eligibility for small business “grants”.

bottom line: It doesn’t seem that the IRS or state governments would have much luck policing 1099 income by week or month. I wonder if claims will exceed stimulus or perhaps run out.
 

UberTaxPro

Well-Known Member
Sponsor
Ha. Knew that. Was not the question. Anyway here are some images and links to the related IRS site. Looks like maybe you can only link to your bank account when due a refund. That never happens for me.

View attachment 439335

View attachment 439337
you can also use your bank account to pay taxes owed "direct withdrawal" ... that would also give them your account info.
 

UberTaxPro

Well-Known Member
Sponsor
Ha. Knew that. Was not the question. Anyway here are some images and links to the related IRS site. Looks like maybe you can only link to your bank account when due a refund. That never happens for me.

View attachment 439335

View attachment 439337
On the 1040 is the only way I’ve ever given the IRS bank info. Maybe there is or will be another way, if I learn of it I’ll post it
 

tohunt4me

Well-Known Member
you can also use your bank account to pay taxes owed "direct withdrawal" ... that would also give them your account info.
Ok
Last Year
I had check mailed to Jackson Hewitt for my income tax return.

They are closed now.
I can not file with them for my return money this year.

MY QUESTION IS

WHERE WOULD MY " STIMULUS " CHECK GO ?
 

argyowl

Active Member
I don't have to file for 2018 or 2019 to receive the stimulus check but it is because I receive social security benefits (survivor's benefits).
 

UberTaxPro

Well-Known Member
Sponsor
Ok
Last Year
I had check mailed to Jackson Hewitt for my income tax return.

They are closed now.
I can not file with them for my return money this year.

MY QUESTION IS

WHERE WOULD MY " STIMULUS " CHECK GO ?
Have you filed 19 yet?
 

JUNGLEJIM

New Member
I didn’t file 2018 because I didn’t make enough. If I file 2019 this week, will I qualify for the stimulus check?

yes you will
Post automatically merged:

Ok
Last Year
I had check mailed to Jackson Hewitt for my income tax return.

They are closed now.
I can not file with them for my return money this year.

MY QUESTION IS

WHERE WOULD MY " STIMULUS " CHECK GO ?
file ANYTHING as a tax return... for 2019.... you can always amend your return
 

kc ub'ing!

Well-Known Member
IRS just opened a portal for non filers to input their DD data. Portal for filers still pending. Doesn’t seem right...
 

UberTaxPro

Well-Known Member
Sponsor
IRS just opened a portal for non filers to input their DD data. Portal for filers still pending. Doesn’t seem right...
their not "non filers" because of negligence, it's because they legitimately weren't required to file.
 
Last edited:

_Tron_

Well-Known Member
IRS just opened a portal for non filers to input their DD data. Portal for filers still pending. Doesn’t seem right...

#1 it is quite right. Now everyone's on equal footing for when the deposits start flowing. There shouldn't be a penalty just because you've never been owed a refund.

#2 Link, please.
 
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