Author Topic: Israeli stimulus  (Read 1084 times)

Offline Mikes@Micro

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Re: Israeli stimulus
« Reply #15 on: July 26, 2020, 07:16:28 PM »
When it comes to taking money from the government, they suddenly find a magical hetter that “it’s a mitzvah to take money from them, because then it’s like you’re weakening them by taking away their money” or some such crap.
I know someone who only takes enough to cover the fines and taxes they charge him.

Also, regarding money many pay taxes despite hating the govt as they view it as a Buissnes transaction: we need police, fire dept, water,
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H/t PinchosL

Offline Jack out of the box

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Re: Israeli stimulus
« Reply #16 on: July 27, 2020, 02:52:39 AM »
i just filed USA taxes july 14, will i get it?
As long as you are not disqualified.
Check status here https://sa.www4.irs.gov/irfof-wmsp/notice. (Might take another couple of weeks to get updated.)

Offline Jack out of the box

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Re: Israeli stimulus
« Reply #17 on: December 21, 2020, 01:31:59 AM »
A US tax question which will be very relevant going into next year.
The Israeli government has been giving financial assistance to small businesses which are suffering financially due to Covid-19. Israeli tax law requires that the business write receipts for these government payments so that it's ultimately included in income for (almost) all Israeli tax purposes.
My question is, under US tax law, would that portion of the income be considered self-employment income or miscellaneous income?