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Messages - dovy2

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Can we deduct the EIDL advance when calculating the 25% loss?
(That part wasn't forgiven - and was paid back in the 4th quarter)
I'm trying to squeeze my way past the 25% mark from the third quarter, and the only way I can make it if I deduct the PPP loan AND the advance

Doesn't seem like from the comments that this really works

1) what matters is gross receipts, not necessarily a "loss".
2) The 25% reduction can be either in a specific quarter in 2020 vs the same quarter in 2019 or the entire year of 2020 vs 2019.

Not sure what you calculated, but many people don't realize this.

Are you sure about that part?

My loss is 23.5%... should I apply anyways and hope they ease it a bit?

General Discussion / Re: Website Legit?
« on: January 10, 2021, 11:13:18 AM » has anyone ordered from them?
I did. Took forever for the item to arrive.
Horribl customer service.

COVID-19 Discussion Board / Re: Czar Cuomo
« on: December 31, 2020, 05:57:28 PM »
HA! even that bar that went public with their laughing up all regulations and fines, had all their 25 tickets dismissed.
I knew all along that shuls have nothing to be scared of. The court dates were all for over a year from now, and for sure by then all violations will be dismissed.

What are nonprofits able/supposed to prove the 25% deduction in gross receipts?

General Discussion / Re: I need Plumbing Help... Any plumbers out there?
« on: December 26, 2020, 10:17:09 PM »
I have a tiny bit of stream escaping from under the valve handle, does this mean the valve needs to be replaced? The handle is turned all the way open. (While I'm turning it open, it's loose.. not sure what exactly tightens it)

COVID-19 Discussion Board / Re: Crown Heights as a COVID-19 lab
« on: December 26, 2020, 08:43:27 PM »
Where do you see that? Everyone has been saying exactly this for many months.     
By addressing their warnings only to those who haven't yet got it.

COVID-19 Discussion Board / Re: Realistic vaccine date- end of 2021?
« on: December 17, 2020, 07:38:31 PM »
G-d forbid Trump gets all the credit.. we gotta leave some for Biden...

General Discussion / Re: I need Plumbing Help... Any plumbers out there?
« on: December 15, 2020, 11:09:13 PM »
It's not really the steam pipe that needs to be moved, it's the return pipe which comes out from the main stream line.

General Discussion / Re: I need Plumbing Help... Any plumbers out there?
« on: December 14, 2020, 08:20:47 PM »
Anyone here do piping? I want a steam pipe in the basement moves out of the way. . (pretty straightforward job)..
Located in flatbush..  need it done by tomorrow night

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