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Showing posts from October, 2020

Nonfilers have until Nov. 21 to apply for economic impact payment

  Nonfilers have until Nov. 21 to apply for economic impact payment By Sally Schreiber, J.D. October 6, 2020 RELATED October 15, 2020 2020 employer opportunities: Give more while spending less October 1, 2020 Employers get guidance on income tax withholding from wages September 22, 2020 Lenders will not file Form 1099-C for forgiven PPP loans TOPICS COVID-19 Individual Income Taxation IRS Practice & Procedure The IRS is giving individuals who do not normally file a tax return and have not received an economic impact payment an additional five weeks to enter their information on the  Non-Filer: Enter Payment Info Here  tool on the IRS website. The new deadline is midnight Nov. 21, which the IRS says is the latest it can push the deadline without affecting the upcoming filing season ( IR-2020-229 ). Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, eligible individuals will receive an economic impact payment of up to $1,200 for individuals or $2,400

Getting married seen as a call option (finance)

  Getting married seen as a call option (finance) I am currently following in  Coursera  the course on “ Financial Markets ” given by professor  Robert Shiller . When the course finishes I may write about the experience and main takeaways from the course. Today, I only wanted to share an anecdote from last week’s lectures on futures markets and  options . At some point of the lecture the explanation from the professor went on as follows:  [options]  They occur naturally in life.  I remember  Avinash Dixit  was writing about options and he said “when you’re dating someone and you know the person will marry you.  You have an option which you can exercise at anytime by agreeing to marry .”  Now, one of theorems in option theories is you usually don’t want to exercise a call option early. And so Dixit would say, well,  maybe that that’s why a lot of people have trouble getting married . [LAUGH] You know why,  they don’t want to exercise their option early .  What we’ll see is that options