Keeping You Informed

by Meryl Diamond 04/05/2020

I have been fortunate to have worked with all of you in the past and it is because of the relationships we’ve built, I want to extend my most sincere wishes that all of you and your families are in good health and continue to be safe.

Please find attached a document provided by the National Association of Realtors that includes important information that might be relevant to you. Issues covered include:

Housing:

  • Forbearance on government back loans and mortgages of multifamily homes.
  • Financial Support for renters who are seniors, disabled, low income and landlords with renters having difficulties paying rent.

Credit Reporting and Student Loans:

  • Regulations regarding delinquent payments of loans
  • Suspension of payments of student loans.

Economic Assistance and Economic Injury:

  • Loans for businesses with less than 500 employees.
  • Loans for sole proprietors and independent contractors.

Payments and Taxes:

  • Cash payments.
  • Refundable employee retention taxes.
  • Delayed payment of taxes.
  • Taxes on early withdrawal from IRAs.
  • Changes in taxes linked to charitable contributions
  • Tax credits related to employee wages.

Unemployment and Family Leave Benefits:

  • Benefits for the self-employed.
  • Changes in the Family and Medical Leave Act (FMLA).

Copy the link below into your browser for more detailed information.

https://narfocus.com/billdatabase/clientfiles/172/21/3613.pdf

 

Again, please accept my best wishes for all of you and the hope that things return to normal in the near future. Until then, stay safe.

About the Author
Author

Meryl Diamond

While I was born and raised in Brooklyn, New York, I have spent the last 27 years living in the Lisle and Naperville area. The first single family home my husband and I ever owned was in Green Trails, Lisle. There were two things we loved about living in Green Trails - the sense of community and all the green space. This was a dream come true for my children who always had a friend to play with or a babysitter near by. For me, it gave me a chance to get to know the neighbors whom I have built lifelong friendships with. From neighborhood garage sales to summer barbeques, we always found reason to come together.