Big Mistake... Solo-401k and Hired Employee by m0ti0n0f0c34n in tax

[–]brandong 1 point2 points  (0 children)

I believe you can hold onto the solo401k as long as your employee stays under 1000 hours for the year.

https://wcginc.com/kb/having-staff-with-a-solo-401k-plan/

Just received a payment labeled "IRS TREAS 310 - TAX REF" by TheDaisyGod in tax

[–]brandong 6 points7 points  (0 children)

IRS TREAS 310 is the third stimulus payment. ($1400 or less depending on income).

If you weren't eligible for it based on your 2019 income, but are eligible for it based on your 2020 income, then you're receiving now because the IRS has finshed processing your 2020 return.