>>>
>>> WELCOME BACK. I KNOW A LOT OF YOU ARE WAITING
TO FIND OUT 4@4@WHEN YOU MIGHT
A CHECK IN THE MAIL TO HELP YOU
AND YOUR FAMILIES THROUGH THIS.
THAT CANNOT HAPPEN UNTIL THE
STIMULUS BILL 4@IS PASSED BY TH
CONGRESS.
CONGRESS.
CONGRESS. THEY ARE WORKING ON THAT NOW,
BUT IT HAS HIT A BIT OF A 4@4@S
WE ARE TALKING ABOUT THE $2.2
TRILLION STIMULUS PACKAGE FOR
THE AMERICAN PEOPLE.
WE WANT TO TAKE YOU TO A LIVE
LOOK ON THE HOUSE FLOOR RIGHT
NOW AFTER A UNANIMOUS PASSAGE
BY THE U.S. SENATE 4@YESTERDAY.
THE BILL HAS HIT SOME
COMPLICATIONS.
COMPLICATIONS. THOMAS MATH THINK OF KIDS HAS
THREATENED TO DELAY THE PASSAGE
OF THE BILL BY FORCING A ROLL
CALL VOTE.
CALL VOTE. THAT MEANS LAWMAKERS WOULD HAVE
TO BE THERE TO 4@VOTE IN PERSON
BUT MANY LAWMAKERS HAVE CHOSE
TO WORK FROM HOME.
SOME ARE IN QUARANTINE.
IF4@ PASSED, IT WOULD GIVE MOST
AMERICANS ABOUT $1200.
WE KNOW THERE IS A LOT OF
UNCERTAINTY ABOUT THAT STIMULUS
PACKAGE.
PACKAGE.
PACKAGE. YOUR MONEY.
YOUR MONEY. AND REALLY THE ECONOMY AS A
WHOLE, THERE REALLY IS NOT
ANYONE UNTOUCHED BY WHAT WE ARE
GOING THROUGH HERE WITH THIS
CORONAVIRUS CASE.
CORONAVIRUS CASE. WE ARE COMMITTED TO GETTING
YOUANSWERS.
YOUANSWERS. SO FINANCIAL EXPERT ANDREW
PULOS HAS JOINED US TO GIVE US
INSIGHT.
INSIGHT.
INSIGHT. AGAIN, TEXT YOUR QUESTIONS.
YOU HAVE BEEN TEXTING THEM AND
WE APPRECIATE IT.
IF YOU HAVE 4@ANOTHE4@R QUESTIO
4@
IF YOU HAVE 4@ANOTHE4@R QUESTIO (404)885-7600.
(404)885-7600. ANDREW, THANK YOU SO MUCH FOR
THE TIME.
THE TIME.
THE TIME. YOU KNOW, THIS IS ONE OF THOSE
MOMENTS IN TIME WHERE IT'S RARE
FOR SOMEONE TO4@ BE UNTOUCHED B
WHAT WE ARE 4@EXPERIENCING.
AND PEOPLE ARE REALLY TRYING TO
FIGURE OUT HOW TO GET THEI4@R
FAMILIES 4@THROUGH THIS
FINANCIALLY.
FINANCIALLY. NA4@RA IS ASKING, IF I APPLIED
FOR UNEMPLOYMENT BECAUSE I WAS
LAID OFF BECAUSE OF COVID 19,
DO I AUTOMATICALLY GET ENROLLED
LAID OFF BECAUSE OF COVID 19, DO I AUTOMATICALLY GET ENROLLED@
FOR THE STIMULUS BENEFIT OR DO
I NEED TO APPLY FOR THAT
SEPARATELY?
SEPARATELY? AND IF SO, WHERE?
>> GREAT QUESTION.
THERE IS SO MUCH OBVIOUSLY
GOING ON.
GOING ON.
GOING ON. WE ALL HAVE QUESTIONS TO IT.
IN THIS CASE HERE, THE STIMULUS
AND UNEMPLOYMENT STATE OF
EMPLOYMENT AND STIMULUS ARE TWO
DIFFERENT THINGS.
DIFFERENT THINGS. THE STIMULUS WILL COME FROM TH4
FEDERAL PACKAGE THAT CONGRESS
WILL PASS, WHEREVER THAT TIME
COMES.
COMES.
COMES. YOU DON'T HAVE TO ENROLL FOR
IT.
IT.
IT. IT
IT. IT WILL ALL BE 4@BASE4@D ON FIL
A TAX RETURN.
WHAT WE DO KNOW, IT WILL BE
BASED ON YOUR 2018 RETURN
4@
BASED ON YOUR 2018 RETURN UNLESS YOU HAVE ALREADY FILED
2019 THIS FILING SEASON.
SO ONE HAS NOTHING TO DO WITH
THE OTHER AS FAR AS
UNEMPLOYMENT, STATE
UNEMPLOYMENT, STATE UNEMPLOYMENT, AND THE FEDERAL
STIMULUS PACKAGE.
STIMULUS PACKAGE. >> MELISSA TEXTED US.
I'M A 104@99 EMPLOYEE, SO SHE I
>> MELISSA TEXTED US. I'M A 104@99 EMPLOYEE, SO SHE I@
AN INDEPENDENT CONTRACTOR, CAN
I STILL COLLECT UNEMPLOYMENT?
>> GREAT 4@QUESTION.
SO TO MELISSA'S QUESTION I
WOULD SAY THIS, UNDER NORMAL
CIRCUMSTANCES UNDER STATE 4@LAW
AS AN INDEPENDENT CONTRACTOR,
YOU DON'T QUALIFY FOR
UNEMPLOYMENT UNLESS YOU ARE
OPERATING YOUR SELF-EMPLOYED
BUSINESS AS A PASS THROUGH
ENTITY AND YOU PAY YOURSELF
PAYCHECKS.
PAYCHECKS. THE SHORT ANSWER IS NO, UNDER
STATE EMPLOYMENT.
STATE EMPLOYMENT. BUT POSSIBLY YES FROM WHAT WE
ARE HEARING RIGHT NOW UNDER THE
FEDERAL STATE STIMULUS BILL.
>>
>> ANDREW, THAT IS 4@SUCH AN IMPORTANT POINT.
IMPORTANT POINT. BECAUSE SO MANY PEOPLE FALL
UNDER THAT UMBRELLA IN METRO
ATLANTA IN PARTICULAR.
SO YOU ARE 4@SAYING THEY SHOULD
THEN CALL THE UNEMPLOYMENT
OFFICE TO ASK MORE QUESTIONS IF
THEY ARE IN THAT CIRCUMSTANCE.
>> WELL, WHAT I WOULD SAY RIGHT
NOW, IS THAT WE ALL NEED TO
PATIENTLY WAIT.
PATIENTLY WAIT. UNFORTUNATELY I USED THE WORD
PATIENCE BECAUSE PATIENCE WILL
PREVAIL.
PREVAIL.
PREVAIL. WE HAVE TO WAIT UNTIL THIS
FINAL STIMULUS BILL IS 4@PASSED
AND THEN WE CAN DISSECT IT AND
FIGURE OUT WHERE THE PROVISIONS
ARE.
ARE.
ARE. INUNDATING THEM WITH PHONE
CALLS BECAUSE YOU'VE GOT TO
UNDERSTAND THEIR SERVICE AT A
CLOSE THEY ARE RUNNING
UNLIMITED RESOURCES. 4@
IF WE ALL START PICKING UP THE
PHONE AND CALLING, IT THAT WILL
ONLY EXASPERATE THE PROBLEM.
WE HAVE BEEN WORKING AT MY
OFFICE THIS WEEK TRYING TO HELP
OUR SMALL BUSINESS CLIENTS FILE
UNEMPLOYMENT CLAIMS FOR THOSE
THAT HAVE BEEN LAID OFF AND I
CAN TELL YOU, IT IS 4@A
CHALLENGE.
CHALLENGE. IF WE ALL START PICKING UP THE
PHONES AND CALL THE DEPARTMENT
OF LABOR, IT WILL ONLY MAKE
PROBLEMS EVEN WORSE FOR ALL OF
US AS A COMMUNITY.
>> OKAY.
>> OKAY.
>> OKAY. WE'LL CERTAINLY MAKE A
COMMITMENT HERE AT 11 ALIVE AS
SOON AS WE HAVE UPDATES ON
THAT.
THAT.
THAT. QUESTION NOW FROM JUDY AND MANY
OTHERS, WILL SENIOR CITIZENS
WHO ARE ON SOCIAL SECURITY
RECEIVE A CHECK FROM THE
GOVERNMENT, IF SO, HOW WOULD
THAT HAPPEN?
THAT HAPPEN? >> THE ANSWER IS YES.
WHAT WE HAVE SEEN IS PROVISIONS
IN THE BILL THAT WILL PROTECT
SENIOR CITIZENS.
SENIOR CITIZENS. THEY WILL GET THEIR STIMULUS
$1200 PER TAXPAYER.
AS FAR AS WHAT WILL HAPPEN,
UNDER NORMAL CIRCUMSTANCES WHAT
WE ARE HEARING, THE IRS WILL
SEND OUT DIRECT DEPOSITS TO
TAXPAYERS THAT THEY 4@HAVE BANK
ACCOUNT INFORMATION ON FILE
FOR.
FOR.
FOR. IF
FOR. IF THEY DON'T FILE TAXES OR
BANK ACCOUNT INFORMATION ON
FILE, THEN THE DEFAULT WILL BE
THEY WILL MAIL OUT CHECKS WHICH
WILL DELAY THE PROCESS
4@INEVITABLY.
4@INEVITABLY. IT WILL HAVE TO GO BY MAIL AND
TAKE TIME AND TAKE LONGER THAN
TWO OR THREE WEEKS.
>> OKAY.
>> OKAY.
>> OKAY. VERY HELPFUL.
VERY HELPFUL. SAM IS ASKING, IS IT TRUE THE
STIMULUS PACKAGE IS BASED ON 4@
CENSUS REGISTRATION?
CENSUS REGISTRATION? >> STIMULUS PACKAGE IS BASED ON
FILING TAX RETURNS AND YOUR
ADJUSTED GROSS INCOME.
SO IF YOU ARE WITHIN THE LIMITS
OF THE GROSS INCOME SET BY
CONGRESS, YOU WILL 4@RECEIVE A
STIMULUS.
STIMULUS.
STIMULUS. IF YOU ARE OVER THE LIMIT AND
PHASED OUT, YOU WILL NOT
RECEIVE IT.
RECEIVE IT. IT DOES NOT HAVE ANYTHING TO DO
WITH THE CENSUS REGISTRATION.
>> OKAY.
>> OKAY.
>> OKAY. THAT IS A AN 4@4@IMPORTANT
CLARIFICATION THERE.
CLARIFICATION THERE. STEPHANIE WROTE IN, 4@IF I OWE
STATE AND FEDERAL TAXES FOR 4@
STEPHANIE WROTE IN, 4@IF I OWE STATE AND FEDERAL TAXES FOR 4@4@
2018 AND 2019, WILL I STILL
QUALIFY FOR A STIMULUS CHECK?
>> YES.
>> YES.
>> YES. YOU WILL STILL QUALIFY.
THERE IS A PROVISION THAT
SUSPENDED ANY OFFSETS THAT IRS
WOULD NORMALLY DO.
IN A NORMAL CIRCUMSTANCE IF YOU
DO A REFUND OR ANY SORT OF
MONEY FROM THE FEDERAL
GOVERNMENT AND YOU OWE TAXES TO
THE IRS, THEY WOULD DO WHAT WE
CALL AN OFFSET.
THEY WOULD OFFSET THAT MONEY
AGAINST YOUR EXISTING BALANCE.
THE GUIDELINE SAYS THAT THEY
ARE SUSPENDING THAT COLLECTION
BY THE IRS.
ANYONE THAT OWES MONEY WILL
STILL GET THAT 4@STIMULUS
PACKAGE.
PACKAGE.
PACKAGE. >> ANDREW YOU