I gave my first one right back to the IRS to pay the mountain of back taxes I owe for my failed small business due to Covid. Will do the same with 2nd check if it ever arrives.
I gave my first one right back to the IRS to pay the mountain of back taxes I owe for my failed small business due to Covid. Will do the same with 2nd check if it ever arrives.
I am so sorry, Tricia, for you and the other innumerable small business owners and their employees who have suffered from the necessary quarantine and lockdown measures. It is unconscionable that Congress is quibbling over helping states, local governments, and small business owners while continuing to shovel truckloads of corporate welfare to large corporations through tax cuts.
I also closed my small business because of COVID, but was very fortunate in not having any employees or much to pay in taxes for the short time in 2020 I was still working. I had already planned to retire in December 2020, so was not affected too badly. In order to better appreciate our own fixed but adequate retirement income, my spouse and I are donating monthly to a few non-profits we support and occasionally in other places where we can. I suspect that if the actually wealthy were willing to let as large a percentage of their inflated incomes go to benefit others as the less moneyed of us are, we wouldn't have any more unhoused and unfed children or adults.
Thank you for such a kind comment and thank you for your acts of civic kindnesses to others. It’s heartening to hear stories like yours.
My small business was only 5 years old and it was my retirement supplement as a single person who wanted to take early retirement at 62 (5 years from now). But alas I’ll most likely be working until 65 now. Not sure if my mental health and wellness can make it.
Thank you for words of encouragement. I appreciate it. I worked endlessly for 5 years to get it at a good place. I don’t think I have the energy to go at it again.
I gave my first one right back to the IRS to pay the mountain of back taxes I owe for my failed small business due to Covid. Will do the same with 2nd check if it ever arrives.
I am so sorry, Tricia, for you and the other innumerable small business owners and their employees who have suffered from the necessary quarantine and lockdown measures. It is unconscionable that Congress is quibbling over helping states, local governments, and small business owners while continuing to shovel truckloads of corporate welfare to large corporations through tax cuts.
I also closed my small business because of COVID, but was very fortunate in not having any employees or much to pay in taxes for the short time in 2020 I was still working. I had already planned to retire in December 2020, so was not affected too badly. In order to better appreciate our own fixed but adequate retirement income, my spouse and I are donating monthly to a few non-profits we support and occasionally in other places where we can. I suspect that if the actually wealthy were willing to let as large a percentage of their inflated incomes go to benefit others as the less moneyed of us are, we wouldn't have any more unhoused and unfed children or adults.
Thank you for such a kind comment and thank you for your acts of civic kindnesses to others. It’s heartening to hear stories like yours.
My small business was only 5 years old and it was my retirement supplement as a single person who wanted to take early retirement at 62 (5 years from now). But alas I’ll most likely be working until 65 now. Not sure if my mental health and wellness can make it.
Good luck Tricia, and hopefully your business comes back. If still operating, LFAAers may well give you the business, in the good sense.
What does LFAA mean? I've seen it used a few times here & haven't been able to decode it.
Letters from An American .. the name of this blog.
Thank you for words of encouragement. I appreciate it. I worked endlessly for 5 years to get it at a good place. I don’t think I have the energy to go at it again.
I'm really sorry to hear this, Tricia. Hoping 2021 will be a better year for you