Understanding How the CARES Act Affects Writers
An explanation of whether writers qualify for an IRS rebate check, unemployment (even if they haven’t paid into it), and SBA loans.
Photo by Brendan Church on Unsplash
(Hey, guys. My dad wrote this for you. I hope it helps. I know for sure it helped me. — Shaunta)
By Keith Grimes
My name is Keith Grimes. I am 72 years old. I own my own business consulting firm, and have since 1991. I am a freelance writer and have been for more than 30 years.
Most of my writing consists of the preparation of financial documents for small businesses, such as loan applications, business plans, securities prospectuses, and the like. I have even more experience writing legal documents for lawyers, including legal memoranda, motions, oppositions, appellate briefs, and related documents.
I estimate that for the past 30 years writing has consumed 80% of my working time.
In all of those years, I have never lacked for work. Consequently, I have not had the need or opportunity to apply for unemployment insurance, SBA guaranteed small business loans, or any other assistance. I never lend the IRS money, so I never get a refund check from the IRS.
As a result, the IRS has no banking information and won’t be able to deposit a check into my account.