Search found 1499 matches

by spectec
Mon May 25, 2020 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Customer hasn't paid me not worth cost of lawyer but...
Replies: 40
Views: 4311

Re: Customer hasn't paid me not worth cost of lawyer but...

You don't have much leverage, especially given the amount and the fact it's an out-of-state customer. They've given a pretty difficult excuse to deal with, but you might try ignoring their excuse and make them some sort of offer. Either a 50% upfront discount as have been suggested before, or some o...
by spectec
Sat May 23, 2020 4:08 pm
Forum: Personal Investments
Topic: What single individual stock would you buy?
Replies: 133
Views: 9964

Re: What single individual stock would you buy?

I'd buy one I know for sure is going to go up and then put all my money in it.

If it isn't 100% certain to go up, I wouldn't buy it.

This investing stuff is so easy anybody can do it if they just give it a little thought.
by spectec
Sat May 23, 2020 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Income tax due for DF upon selling jointly owned condo where he did not live
Replies: 9
Views: 858

Re: Income tax due for DF upon selling jointly owned condo where he did not live

Depending upon his income and other factors, his Capital Gains Tax might be anything in the range of -0- up to $3,000 (plus state taxes, if any). But after you've done everything to mitigate the tax liability, you could always offer to pay his taxes (or split them) as a way to show appreciation for ...
by spectec
Sat May 23, 2020 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: PPP- which lender?
Replies: 7
Views: 557

Re: PPP- which lender?

Your experience with the banks is similar to mine, although it took longer. After waiting for a couple of weeks with no action (aside from boilerplate emails) from Wells Fargo where all my business accounts are housed, I decided to try another approach. I applied through Fifth Third bank where I had...
by spectec
Sat May 23, 2020 12:23 pm
Forum: Personal Consumer Issues
Topic: Hertz is declaring bankruptcy
Replies: 66
Views: 6487

Re: Hertz is declaring bankruptcy

Oh no! My Gold Plus Rewards! Travel related companies tend to continue to honor points when they go through reorganization in bankruptcy. Thanks! No way you would have known, but that was a bit of a joke. I don't have many of any built up, and they're basically worthless. So they have roughly the s...
by spectec
Fri May 22, 2020 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12053

Re: Selling home - low ball negotiation

Completely ignore the offer You counter when you have a reasonable offer , if you Counter now you have lost major ground When we sold our houses we didn’t do a thing with the offers until we talked to our friends in the business world who do it all the time Ignore the offer . Let it expire . They w...
by spectec
Tue May 19, 2020 10:18 am
Forum: Personal Finance (Not Investing)
Topic: IRS Private Delivery Service Question
Replies: 3
Views: 305

Re: IRS Private Delivery Service Question

A private delivery service will be fine, but you give up certain protections written into the rules by not using the US Postal Service. The risks are small, but they are real. It won't matter unless it matters, then it could matter A LOT.
by spectec
Tue May 19, 2020 8:15 am
Forum: Personal Consumer Issues
Topic: Can't fit key fully info deadbolt lock
Replies: 9
Views: 579

Re: Can't fit key fully info deadbolt lock

Put some graphite dust into the lock. You can get it at Home Depot or Lowes in small squeeze-type containers where keys are cut. I've done this lots of times with outside locks. https://images.homedepot-static.com/productImages/7686d808-2448-4ea0-9cff-14b3a427c480/svn/hillman-lubricants-703185-c3_10...
by spectec
Mon May 18, 2020 10:07 am
Forum: Personal Consumer Issues
Topic: Beach Vacation Suggestions
Replies: 31
Views: 2391

Re: Beach Vacation Suggestions

In SC, the Surfside Beach & Garden City area is a good choice. You're close enough to Myrtle Beach to indulge in the "touristy" stuff if you're so inclined, but far enough away to not be bothered by the MB crowding, traffic, and hype if you wish. That's sometimes a benefit on rainy days. Drive time ...
by spectec
Sun May 17, 2020 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: PPP- which lender?
Replies: 7
Views: 557

Re: PPP- which lender?

The fastest turnaround for a PPP that I've seen was someone who applied through Square. But they already had a long-standing relationship with Square. From beginning to end, their process was a matter of about 4 or 5 business days. Intuit is promoting their PPP process now. If you use QuickBooks I t...
by spectec
Sat May 16, 2020 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Forgiveness C-Corp Owners
Replies: 6
Views: 290

Re: PPP Forgiveness C-Corp Owners

It's live now: https://www.sba.gov/sites/default/files/2020-05/3245-0407%20SBA%20Form%203508%20PPP%20Forgiveness%20Application.pdf Personally I wouldn't depend on anyone's interpretation of what it says. I expect that SBA will eventually clarify gray areas. And if an area remains gray, I'd probably ...
by spectec
Sat May 16, 2020 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 159
Views: 13034

Re: Optimizing PPP Forgiveness

OFFICIAL SBA DOCUMENT for calculating PPP Forgiveness is now available. Many, but not all, questions posed on this thread and elsewhere are now unequivocally answered. I do, however, expect there to be subsequent clarifications, revisions, and tweaks as SBA receives inquiries regarding unusual situa...
by spectec
Thu May 14, 2020 6:24 am
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10764

Re: Dentist charges $10 for PPE

I visited my dentist the first day they reopened. Everyone was wearing N95 masks covered by surgical masks, then a face shield. I assume they were discarding he surgical mask after each patient, or on some rotational basis. This is extraordinary protection compared to what they normally use. I expec...
by spectec
Tue May 12, 2020 8:05 am
Forum: Personal Consumer Issues
Topic: Advice for upcoming foot surgery
Replies: 37
Views: 2083

Re: Advice for upcoming foot surgery

retiringtype wrote:
Tue May 12, 2020 7:08 am
The only shower I have is in a tub. I bought a shower seat. But still can't figure out how to get in and out of the tub on one foot.
A transfer board of the right design MIGHT be helpful, although you'd need to be very careful using it around a tub.
by spectec
Tue May 12, 2020 6:52 am
Forum: Personal Consumer Issues
Topic: Advice for upcoming foot surgery
Replies: 37
Views: 2083

Re: Advice for upcoming foot surgery

The knee scooter gives you tremendous mobility. My grandson had surgery on both ankles (6 months apart), and I was amazed at how active he was following each surgery due to his use of the scooter. I don't have any specifics (and of course a 13-year old boy is a natural risk-taker), but you will find...
by spectec
Thu May 07, 2020 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: create SBA EIDL portal account ?
Replies: 5
Views: 372

Re: create SBA EIDL portal account ?

I received an email from the SBA Your SBA Application No. NNNNNNNN is ready for the next step. Create your SBA Economic Injury Disaster Loan Portal account to provide additional details or requested documents. I am guessing I have to do this to have the $1K forgiven? Are you sure this isn't a scam ...
by spectec
Thu May 07, 2020 7:17 am
Forum: Investing - Theory, News & General
Topic: [Are American markets likely to outperform INTL]
Replies: 237
Views: 16054

Re: [Are American markets likely to outperform INTL]

I continue to stand by the proposition that it doesn't matter whether one "believes in" American Exceptionalism or doesn't. American Exceptionalism is a fact, and facts don't rely upon what one person or another may believe about them. How one applies that fact in their investing decisions is a refl...
by spectec
Wed May 06, 2020 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 159
Views: 13034

Re: Optimizing PPP Forgiveness

I heard on an accounting forum that SBA plans to issue more loans forgiveness guidance on May 15. But that date is just another internet rumor at this point. :) May 15 will be late in the game for many PPP recipients to make major changes, as they will be 4 weeks or more into the process. But maybe ...
by spectec
Wed May 06, 2020 8:33 pm
Forum: Personal Investments
Topic: How do I get out of home a partnership agreement?
Replies: 42
Views: 3025

Re: How do I get out of home a partnership agreement?

It's too late to say this in your situation, but if It ever comes up again in any form it's always good to ask yourself "If the bank won't loan my brother all the money he needs, why should I?" If you feel inclined to hand money to a relative, either plan to make it a gift or decline. There's really...
by spectec
Wed May 06, 2020 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 159
Views: 13034

Re: Optimizing PPP Forgiveness

This is a great discussion with many question posing badly-needed answers from SBA, since they will be making the ultimate decision. Unfortunately, some of those decisions will likely come after we have already chosen a course of action which will ultimately turn out to be wrong. My only suggestion ...
by spectec
Wed May 06, 2020 7:01 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24316

Re: IRS Get My Payment up and running

Ours arrived as well. I'm fairly sure IRS processed a huge run of payments on May 6. Nothing as large as the original 70-80 million on their first run, but nevertheless closing in on the 171 payments they will ultimately make. I also know that lots of checks went out in the past week or so as well. ...
by spectec
Sun May 03, 2020 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: PPP with Wells Fargo
Replies: 55
Views: 4619

Re: PPP with Wells Fargo

I'm still getting "feel good" emails from WF regarding my PPP, but no $.
by spectec
Sun May 03, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Working with commercial landlord during this mess??
Replies: 8
Views: 922

Re: Working with commercial landlord during this mess??

Have you reviewed the rental agreement with a lawyer by any chance?
by spectec
Fri May 01, 2020 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Chase PPP Success
Replies: 9
Views: 993

Re: Chase PPP Success

I applied through Wells Fargo about 3 weeks ago. Have never spoken with a person and the instructions keep saying "don't call us, we'll contact you." They've continued to send nice little updates very few days saying essentially the same thing, but nothing of substance has happened thus far. Last Sa...
by spectec
Mon Apr 27, 2020 6:46 am
Forum: Personal Finance (Not Investing)
Topic: IRS mistakenly refunded my nanny's 2019 estimated tax payment
Replies: 13
Views: 1036

Re: IRS mistakenly refunded my nanny's 2019 estimated tax payment

I agree with Mark. That's always the case, but even more so now since IRS is neither answering the phones nor processing virtually anything on paper. If you send them correspondence, expect it to sit unattended in a trailer for months.
by spectec
Mon Apr 27, 2020 6:32 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24316

Re: IRS Get My Payment up and running

Truncate it.
If that doesn't work, then round it up (it has to be one of the other)

And stop filing returns showing cents - it makes no sense. :oops:
by spectec
Sun Apr 26, 2020 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Tax return lost in mail (during weird pandemic times...)
Replies: 20
Views: 1397

Re: Tax return lost in mail (during weird pandemic times...)

Interestingly the state tells me they are processing paper returns. Since all they need to do for the virus on paper to die off is wait a day, I assume the state clerks are doing that and observing social distancing. Not sure why the fed can't do a skeleton staff version of this unless they are bus...
by spectec
Sun Apr 26, 2020 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus Check for Person Who Died in 2019
Replies: 27
Views: 2980

Re: Stimulus Check for Person Who Died in 2019

I would not send the check back or attempt to repay it unless clearly told to do so. The purpose of the check is to stimulate the economy and help people who are in need of the money. I see no moral or ethical reason to return the money unless instructed to to do so. I'd use it to fulfill its origin...
by spectec
Sun Apr 26, 2020 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Tax return lost in mail (during weird pandemic times...)
Replies: 20
Views: 1397

Re: Tax return lost in mail (during weird pandemic times...)

There's lots of idle speculation surrounding when IRS might resume processing paper and/or when they might return to normal. In addition to the paper-filed 1040's, April 30 is the deadline for Form 941 payroll tax reports. That deadline has not been extended and 70% of Form 941's are still filed by ...
by spectec
Sun Apr 26, 2020 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Please Help Us Get Our Stimulus Payment
Replies: 59
Views: 4728

Re: Please Help Us Get Our Stimulus Payment

Yes, IRS did fix the "-0-" bug and the "applied overpayment" bug. They also did another update overnight (Sat Apr 26). Don't know what it fixed, but they did something. Anyone still having problems getting past the first screen needs to check the layout of their address. Even if you're entering the ...
by spectec
Fri Apr 24, 2020 8:09 am
Forum: Investing - Theory, News & General
Topic: [Jim Cramer] "Stop Buying Index Funds"
Replies: 37
Views: 6032

Re: [Jim Cramer] "Stop Buying Index Funds"

I like Cramer. His advice causes trading activity, which helps keep the prices of the stocks in my index fund honest.
by spectec
Sun Apr 19, 2020 2:53 pm
Forum: Personal Investments
Topic: I'm out [of the market]
Replies: 109
Views: 11837

Re: I'm out [of the market]

You are basically robbing your heirs. Robbery only applies to taking something that belongs to someone else. Heirs don't own or have a right to anything until somebody dies. And then only if the decedent chose to leave anything to them. I don't think I would have done what the OP did, but if I made...
by spectec
Sat Apr 18, 2020 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Please Help Us Get Our Stimulus Payment
Replies: 59
Views: 4728

Re: Please Help Us Get Our Stimulus Payment

Filing for an extension is trivial, but you must put your expected tax liability on the form and at least pay that amount. Yes, it would delay the final filing of your tax return to October if that is what you wanted to do, but you could also file it anytime before then if you wanted. I will probab...
by spectec
Fri Apr 17, 2020 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24316

Re: IRS Get My Payment up and running

I have filed my 2019 taxes and received my direct deposit refund. Has anyone here with an AGI $140-$150k and filed 2019 taxes received their payment? We plan to give ours to struggling family. Good for you. We are doing the same. We haven't received our payment yet but decided to go ahead and provi...
by spectec
Fri Apr 17, 2020 9:28 am
Forum: Personal Finance (Not Investing)
Topic: SBA EIDL Funds
Replies: 30
Views: 1390

Re: SBA EIDL Funds

I've been tracking about a dozen Advance EIDL applications, most were submitted 3/30 - 4/1. So far one for $10K was paid on 4/14/20 (he had over 10 employees), and a second one for $4K was paid 4/16/20 (he had 4 employees). None of the other advances have yet shown up.
by spectec
Fri Apr 17, 2020 8:37 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24316

Re: IRS Get My Payment up and running

This morning I read on a private accounting & tax forum that IRS doesn't yet have all their 2018 information loaded to the "Get My Payment" site. It's an ongoing process but took second place to their primary task of getting out checks to the low-hanging fruit -> people who had entered Direct Deposi...
by spectec
Wed Apr 15, 2020 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: PPP with Wells Fargo
Replies: 55
Views: 4619

Re: PPP with Wells Fargo

Same here. About 6:30 pm EST
by spectec
Mon Apr 13, 2020 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: So you got your PPP loan now what?
Replies: 14
Views: 1426

Re: So you got your PPP loan now what?

My guess is the calculation for excluding allowable amounts will require at least 25 steps and run to 6 or more pages for the simplest situation. I'm thinking the 941, individual payroll records, and some sort of proof of payment of the payroll, benefits, and payroll taxes will be required. Remember...
by spectec
Mon Apr 13, 2020 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: So you got your PPP loan now what?
Replies: 14
Views: 1426

Re: So you got your PPP loan now what?

I'm going to suggest the separate account to all my clients. You're dealing with the government here, so don't allow common sense to factor into your decision making. Government employees are more accustomed to "Fund Accounting" as opposed to regular financial accounting. They like to see things in ...
by spectec
Fri Apr 10, 2020 10:03 pm
Forum: Personal Investments
Topic: Blessing or Curse? EIDL vs PPP loan
Replies: 9
Views: 608

Re: Blessing or Curse? EIDL vs PPP loan

That is disappointing insofar as getting some hard info on the EIDL.

But very glad for you in getting a loan approval and funding -congratulations.

We do appreciate your coming back and posting this update/correction.
by spectec
Fri Apr 10, 2020 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: PPP with Wells Fargo
Replies: 55
Views: 4619

Re: PPP with Wells Fargo

I got that same letter today. I think they could have simplified it: 1) Here's a little something to occupy your time while you're waiting for us to do something substantive - gather your info. 2) Don't call us - we'll call you. 3) This really isn't worth our time - maybe you should go somewhere els...
by spectec
Fri Apr 10, 2020 7:41 am
Forum: Personal Investments
Topic: Blessing or Curse? EIDL vs PPP loan
Replies: 9
Views: 608

Re: Blessing or Curse? EIDL vs PPP loan

ILNative is spot on with that reply. I am tracking about a dozen EIDL's across a number of businesses, all of which were filed on the first or second day the application went online with the SBA. Yours is the very first one I've heard of as being funded. It is encouraging to hear that someone has ac...
by spectec
Wed Apr 08, 2020 6:58 am
Forum: Personal Finance (Not Investing)
Topic: PPP with Wells Fargo
Replies: 55
Views: 4619

Re: PPP with Wells Fargo

Long time WF customer for both my business (checking, CC, LOC) and personal (checking, SEP IRA, ODP) accounts. I responded to their invitation to apply over the weekend, which they subsequently took down and basically told their customers "you're on your own" at a time when most banks are pointedly ...
by spectec
Wed Apr 08, 2020 6:58 am
Forum: Personal Finance (Not Investing)
Topic: PPP with Wells Fargo
Replies: 55
Views: 4619

Re: PPP with Wells Fargo

Long time WF customer for both my business (checking and LOC) and personal (checking, SEP IRA, LOC) accounts. I responded to their invitation to apply over the weekend, which they subsequently took down and basically told their customers "you're on your own" at a time when most banks are pointedly t...
by spectec
Sat Apr 04, 2020 6:33 am
Forum: Personal Investments
Topic: Do you want to own the whole haystack [VTI] when someone has a blowtorch?
Replies: 125
Views: 9409

Re: Do you want to own the whole haystack when someone has a blowtorch?

Toons wrote:
Fri Apr 03, 2020 2:44 pm
I am going to touch base with my
"Psychic"
For The Answer
:mrgreen:
If your psychic is really good, then he/she already knows you intend to make contact and so has already reached out to you and provided the Answer. :)
by spectec
Tue Mar 31, 2020 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Must file tax return for stimulus check?
Replies: 28
Views: 2143

Re: Must file tax return for stimulus check?

I'd give it another day or two. This is one of those situations that finding out what the bureaucracy expects and then doing it that way will be the most efficient. (I doubt a return filed electronically and showing no refund will even allow the entry of bank deposit information, for example. If I'm...
by spectec
Tue Mar 31, 2020 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Must file tax return for stimulus check?
Replies: 28
Views: 2143

Re: Must file tax return for stimulus check?

My guess is that they will suggest filing a return showing $1 of income, and also listing Social Security or other retirement benefits even though the total AGI and resulting taxable amount does not exceed the filing requirement. They will also likely recommend entering direct deposit information ev...