The widespread impact of COVID-19 in 2020 and 2021 significantly affected businesses across the board. Today, relief is available for real estate professionals, as well as self-employed and independent contractors like yourself. You now have the chance to claim relief compensation of up to $32,220 under the Families First Coronavirus Response Act. These funds are designed to offset lost work days resulting from lockdowns, illness, quarantines, and school closures. Unlike other programs such as PPP, these tax credits require no repayment or forgiveness and can be spent as you wish! Invest in your business, take your family on a well-deserved vacation or attend the real estate conference of the year.
As the CEO of your own business, take this opportunity to evaluate your business needs. What do you need to grow your business? Do you have the right tools, support, access to coaching and commission model for your business to thrive to the next level? Learn more about the ONE Difference.
To utilize our platform, you must have reported self-employed income on your Schedule SE (of your 1040 Tax Return) in either 2020 or 2021.
There are just a few quick and easy steps to claim the money you are legally entitled to —so let’s get started
A federal relief program designed to help self-employed/ Independent contractors recoup losses from COVID-related lockdowns, quarantines, and school closures. Eligible individuals can receive up to $32,220
YES!!! But don’t take our word. Go directly to the IRS page to read more about this program. Here is their link with further information: https://www.irs.gov/newsroom/tax-credits-for-paid-leave-under-the-american-rescue-plan-act-of-2021-specific-provisions-related-to-self-employed-individuals
Any 1099 independent contractor, booth/suite renter, and self-employed individual may be qualified to receive FFCRA funds. To qualify, you must have filed a Schedule SE as part of your 2020 and/or 2021 1040 Tax Returns, which reports your self-employed income.
YES! If you both file a schedule SE, you can both file for the refund. However if all the income is reported under one person, only they will qualify for the refund.
We have created an online and automated system for you to easily submit your claim directly with the federal government for these funds. You just need to have filed a Schedule SE as part of your 2020 and/or 2021 1040 tax returns (to verify your self-employed income) and have a driver's license or other official photographic ID (for purposes of verifying your identity).
Automatically into your bank account in an ACH or via check ensuring that you receive your money quickly and hassle-free. If you have outstanding tax liabilities these tax credits will be used to offset them.
To cover costs (which include actual CPAs calculating and preparing all of your filings with the IRS), there is a fee for the service. There are multiple payment options available and are always 100% transparent about the fees you’ll pay. (a) Pay Now - Pay at the time of filing at the reduced fee. (b) Pay Later- Spread out our fee over several months via our partnership with PayPal.
No. This is not a loan. These funds have been allocated to the FFCRA program by the federal government and will not need to be paid back.
No. FFCRA provides money for Self-Employed/Independent Contractors to be used without restrictions.