PPP and loan forgiveness for 1099 Self Employed IC

[RadMD]

I found the following in this document from the treasury regarding PPP loan forgiveness for self-employed individuals: https://home.treasury.gov/sys...

[RadMD]

Taken from comment section of WCI's recent article:

https://home.treasury.gov/system/fil...-Frequently-As...

[RadMD]

Straight from WCI's recent article:

the only definition of need included in the law is that you need to certify that “current economic...

[RadMD]

I like this thread, we need more transparency in our field.  As WCI has mentioned multiple times, it is a shame money/income is such a taboo topic in...

[RadMD]

Shoulda went into Psych!!  Keep killin' it!

[RadMD]

I also vote to keep the financials out of it.  This thread is present in the Lounge, would prefer this be a discussion about the vehicle itself.  Let's...

[RadMD]

I tried it out when I was a resident taking overnight call and found that it hurt my wrist even more.  Agree with above poster that positioning is the...

[RadMD]

The illiquidity of those syndications would be my biggest concern.  I just have a small portion of my portfolio invested in a boring Vanguard REIT for...

[RadMD]

Also vaguely remembering what a pager is...I'm an outpatient breast imager.  No real emergencies or pager

[RadMD]

Cut the cord over a year ago, from Comcast to Playstation Vue.  Couldn't be happier, especially with the ability to stream on 8+ devices simultaneously...

[RadMD]

Awesome podcast interview!  Haven't listened to a WCI podcast in awhile.  This was very refreshing and should absolutely be brought back in some capacity...

[RadMD]

Most popular soccer team in the world right now is definitely the Wild Boars in Thailand!  So relieved they all made it out safely.  I hope they are...

[RadMD]

Kamban wrote: Another nail biting finish between Russia and Croatia that went down to the last penalty kick. Click to expand... And not 1, but 2 goals in extra time!  That was an exc...

[RadMD]

Awesome matches yesterday.  I love that Japan didn't bunker down and just go for PKs like some other countries like Russia.  What an exciting game. ...

[RadMD]

Breaking news, Spain just made their 100,000th pass   Hopefully we don't get extra time PK shootout in the matches today.  Looking forward to Braz...

[RadMD]

Absolutely roll over your tIRA at Vanguard into a solo 401k.  You should also look at ETrade and TD Ameritrade, I went with ETrade myself.   P.S....

[RadMD]

I moonlighted (moonlit?) quite a bit during fellowship and the first few years of private practice.  Its totally up to you, but I liked having extra...

[RadMD]

Awesome World Cup so far, the most entertaining one I can remember and we are not even in the knockout rounds yet!  The pure joy and elation exhibited...

[RadMD]

I'll second going with Playstation Vue via Roku (you can also watch PS Vue on a playstation, iphone app, ipad, any internet browser, etc.).  I pay about...

[RadMD]

I was a Porsche guy too (I'm one data point in that chart that jumped from Porsche to Tesla), but the Tesla Model S was just hands down better than the...

[RadMD]

Get a Tesla! You won't regret it.  I know you're a "car guy" so I'm not sure how much of a petrol head you are, but at least test drive one

[RadMD]

Absolutely negotiate, Contract Diagnostics can help with that--they provide you with MGMA data specific to your region/specialty, translate your contract...

[RadMD]

The Japan/Senegal, Belgium and English matches were really exciting to watch over the weekend.  Bring on the knock out rounds!  Hopefully the Belgian...

[RadMD]

LOVE the World Cup.  Watching the superstars duke it out every day is pretty awesome.  Ronaldo, Neymar, Messi (even though he missed a PK), every Belgian...

[RadMD]

Zaphod wrote: So far this year the 3 series have sold nearly 10k cars per month, that is down significantly from last years. But it has almost nothing to do wit...

[RadMD]

After driving a Tesla, or any EV, it is very difficult to go back to driving an ICE (Internal Combustion Engine) car.  As stated above, the instant torque...

[RadMD]

Thank you for the update. P.S. Cindy needs an official signature, I didn't realize she worked for the site either.  I almost didn't read the post!...

[RadMD]

Since he's young, I would go the PP route and try to "make hay while sun sun shines" and go for a partnership track position with highest chance of success...

[RadMD]

Absolutely take the side job as a 1099, it will open up so many more doors for you, including deductions, tax advantaged retirement space (open a solo...

[RadMD]

Agree with above, open solo 401ks and roll the SEP-IRAs into them, plenty of time to do that before 12/31/18.  Then you can easily do the backdoor Roth...

[RadMD]

Thank you for the advice!!  I ended up using EIN to open the solo 401k with ETrade and will furnish EIN on my W9 form for my 1099 work.

[RadMD]

I am starting a new job soon (paid as a 1099) and plan to open a new solo 401k.  A couple of questions:   1)  I have an EIN--do I need to fi...

[RadMD]

Would anyone consider putting some of the cash into Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX), which includes a mix of munis and mid/large...

[RadMD]

I am also wondering about the solo-401k setup with an EIN, but you are paid on your 1099 with your SSN.  As long as the names are the same I am good...

[RadMD]

$1000 cash in mixed bills.  Mostly when I need it for tips for the car wash, hair dresser, etc. Tesla always charged up (no need for gas containers)...

[RadMD]

Congrats on finishing your training and organizing your financial future so early!  I only just started getting really serious about this stuff a few...

[RadMD]

Biglaw Investor wrote: Zaphod wrote: Biglaw Investor wrote: Don wrote: Miss Bonnie MD wrote: Yes! Big Law Investor. Click to expand… Very nice. Looks kind of ...

[RadMD]

centrebaseball wrote: Quick question for the forum. Looking at refinancing 178k student loans (not going for PSLF, signed private practice job starting in July 2018) On loan application p...

[RadMD]

Does anybody have personal experience hiring Contractdiagnostics.com (with Jon Appino) to review and/or negotiate their physician contract?  Would you...

[RadMD]

treesrock wrote: ROJO COAT INVESTOR wrote: I currently owe 183k in student loans @ a 4.9% interest rate that I cannot refinance for a lower rate. Click to expand… Care to explain w...

[RadMD]

Most of my cash is in an online bank as well (Ally).  I keep a B&M (with less than $10,000) to deposit cash, obtain/exchange foreign currency, safety...

[RadMD]

q-school wrote: I can’t remember how new tax system works with mortgage anymore. I thought unless you have a huge mortgage (or donate a lot) you would just take standard deductio...

[RadMD]

saildawg wrote: Student loans are currently all refinanced at 4.25% fixed interest rate over 10 years… Click to expand... Agree with most docs on here being on the frugal side, ...

[RadMD]

Contentt wrote: I wanted to come back and thank everyone for their input on this thread. Great insights and it helped us think about a few things we didn’t factor in...

[RadMD]

I have been very very happy with Ally Bank.  Excellent customer service, free checks, reimbursed for ATM fees from outside banks and great interest rates....

[RadMD]

q-school wrote: Jeez how often are you guys going to gas stations? I’m there five minutes max maybe once every three weeks. Sure if we take a driving trip I ma...

[RadMD]

triad wrote: ACN wrote: There are main stream car companies testing some autonomous driving, but as of now, tesla is the only one that’s currently availab...

[RadMD]

Working from home in your PJs is THE BEST.  My patients can't actually see me when I work from home  

[RadMD]

StarTrekDoc wrote: Day 1 Model 3 reservation holder and lease of both the Spark EV and Fiat500 EV on crazy cheap leases ($100/mo) that are up Spring 2018, so timin...

[RadMD]

If you can find a good gig in Radiology, its one of the best out there imo (this is becoming increasingly more difficult of course).  It is well paid,...

[RadMD]

If Locums isn't a possibility, WCI also talks about doing an online survey just to receive a 1099 and qualify for solo 401ks, etc.  Doesn't matter how...

[RadMD]

This is awesome.  22 yo med student, already on a financial forum!  I didn't even think about this stuff until PGY6!  As stated above, your number...

[RadMD]

Zaphod wrote: RadMD wrote: Zaphod wrote: RadMD wrote: hightower wrote: Even with the current “super cheap” gas prices, electric cars are s...

[RadMD]

Zaphod wrote: RadMD wrote: Zaphod wrote: RadMD wrote: hightower wrote: Even with the current “super cheap” gas prices, electric cars are still far...

[RadMD]

Zaphod wrote: RadMD wrote: hightower wrote: Even with the current “super cheap” gas prices, electric cars are still far cheaper to fuel than gasoline....

[RadMD]

hightower wrote: Even with the current “super cheap” gas prices, electric cars are still far cheaper to fuel than gasoline.  My i3 gets around 4.2 – 4.5 m...

[RadMD]

I'm a proud Tesla owner (both the actual car and Tesla stock in my play/extra account).  Agree with WCI, its a socially acceptable status symbol.  But...

[RadMD]

justinroth1 wrote: I Specialize in Doctor & Dentist Loans. We have an excellent program here at Synovus Mortgage / Synovus Bank. We offer 100% financing up to $750,000 with no PMI. Let me know h...

[RadMD]

Another vote for no fellowship.  It's a waste of time in this case....

[RadMD]

DMFA wrote: RadMD wrote: jfoxcpacfp wrote: RadMD wrote: One does not have to precede the other this year, but I don’t think you can do SEP and 401(k) contributions in the...

[RadMD]

jfoxcpacfp wrote: RadMD wrote: One does not have to precede the other this year, but I don’t think you can do SEP and 401(k) contributions in the same year – check my work on that....

[RadMD]

DMFA wrote: RadMD wrote: I am a little late to the game for the backdoor Roth IRA, but better late than never!  Love this site and all of the useful information.  A fe...

[RadMD]

jfoxcpacfp wrote: Two things you need to know: December 31 is the only day that matters when converting to a Roth IRA via the back door. There is no tax impact from contrib...

[RadMD]

I am a little late to the game for the backdoor Roth IRA, but better late than never!  Love this site and all of the useful information.  A few questions: 1...

[RadMD]

DMFA wrote: 75% equity might be a bit much risk for money you’ll need to use in the short-ish term.  On the other hand, you won’t gain much from 1% at all. I personally l...

[RadMD]

Greetings all!  Been lurking for awhile and really appreciate all of the good information here. Quick question:  I have maxed out all tax advantaged ...