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12-10-2020, 02:49 PM | #6376 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,026
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12-10-2020, 02:51 PM | #6377 |
I'll be back.
Join Date: Nov 2002
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Posts: 279,742
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12-10-2020, 07:11 PM | #6378 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,488
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12-10-2020, 08:30 PM | #6379 |
Banned
Join Date: Jan 2013
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Posts: 53,803
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1 1 |
12-10-2020, 09:18 PM | #6380 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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I'm shorting water. It's supposed to snow tomorrow, so supply will be high.
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Posts: 141,870
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12-10-2020, 09:23 PM | #6381 |
Banned
Join Date: Jan 2013
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Posts: 53,803
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0 1 |
12-10-2020, 10:22 PM | #6382 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 141,870
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2 0 |
12-11-2020, 04:45 PM | #6383 | |
Andy Reid Supporter
Join Date: Apr 2012
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Rain Man and I could be very happy next Friday when Tesla officially joins the S&P.
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Posts: 46,441
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12-11-2020, 04:54 PM | #6384 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Quote:
Oh, man. I don't want to be greedy, but come to papa. I've actually been wondering if I should sell some to lock in the profit. It's been my second-greatest thing about 2020 after the Super Bowl. (Edit: third-greatest as long as I don't have to pay back my PPP money.) |
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Posts: 141,870
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12-11-2020, 06:29 PM | #6385 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
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Posts: 57,026
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12-11-2020, 06:29 PM | #6386 |
MVP
Join Date: Jan 2007
Location: Missouri
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Disney powdered the old pimp hand today.
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Posts: 8,387
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12-11-2020, 07:06 PM | #6387 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Not yet, and it's making me nervous. We have to go through our bank and they've told us that they'll be sending out the forms to subsets of companies between October and March. I just want to get it over and done with, but we have to wait until our name is called.
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Posts: 141,870
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12-11-2020, 07:26 PM | #6388 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
The paperwork is not a big deal. It’s frustrating they won’t just do it. I had the payroll to cover the PPP so it wasn’t a big deal, but even if you had to use other expenses I don’t think it’s a big deal. It’s also not great if they miss your FYE. Not sure if you’re 12/31 or have some other FYE with a C Corp but you can’t deduct the expenses associated with the forgiven, essentially making it income (they have a specific 1099 for loan forgiveness. I don’t know why they couldn’t do that but that’s just the preparer in me whining). And if things return to a normal level of income, and your income is down this year, it is not great to add income to a year you’ll be paying in a higher tax bracket. Maybe you should get your beating stick and go to the bank. |
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Posts: 57,026
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12-13-2020, 07:55 AM | #6389 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 51,032
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12-14-2020, 01:08 PM | #6390 |
I'll be back.
Join Date: Nov 2002
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GNUS about to pop bitches
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Posts: 279,742
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