$1200 stimulus check: IRS Didn't Send 50,000 Stimulus Checks! (August 26, 2020) Welcome back to your stimulus check update and Unemployment Check Update for August 26, 2020. 0:00 Intro 0:10 Unemployment update news 0:53 IRS wrongfully withheld stimulus checks 1:10 Why the IRS withheld 50,000 checks 1:52 IRS wrongfully withheld 2:06 Where is the next stimulus check? 2:52 I am hopeful! 3:03 Just a reminder Right off the bat, when it comes to unemployment extension, my home state of Illinois just applied for the $300/week unemployment extension written up by President Trump. Florida is also looking to apply for the $300/week unemployment program presented by President Trump, this is just a rumor but if you can verify a source, please share it in the comment section below! In other breaking news, the IRS wrongfully withheld 50,000 $1200 stimulus checks from the CARES Act that was signed into law back in March of 2020. 50,000 $1200 stimulus checks were NOT sent. The IRS did not send the $1200 stimulus check to those individuals because it was for missed child support payments. Their former spouse filed a from 8379 to the IRS which notifies the IRS not to withhold from their former spouse if they have an outstanding balance which would have given the IRS the OK to send the $1200 stimulus checks to those individuals who may be behind in child support payments. If the individual's former spouse DID NOT submit Form 8379 to the IRS, that person WILL NOT receive the $1200 stimulus check. Now where the IRS wrongfully withheld $1200 stimulus checks EVEN from people who did submit Form 8379. The IRS has found this mistake and will now send out the $1200 stimulus check to those who didn't get it when the CARES Act was signed into law. Now the big question.....WHEN IS THE NEXT STIMULUS CHECK? What is the status of the next $1200 stimulus check? Senator Mitch McConnell said he was still hopeful and can definitely see another $1200 stimulus check being sent out. But unfortunately, since Congress was last in session, there was no resolution for the $1200 stimulus check. So we will have to wait till September 7th for the next Congress session to see if we will get another $1200 stimulus check. Just a quick reminder, August 27th at 7pm Central, we will hold a 100k subscriber celebration live stream where we will be giving away 3x $100 Amazon Gift Cards, signed copies of our book, & merchandise! 😃 Thanks for Subscribing & Liking our Video! The Kwak Brothers are millennial real estate investors who have acquired over 82 Units of Rental Units and have raised over $20,000,000 of capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping hard-working people become financially free real estate investor! They specialize in owner financing acquisition and raising capital. They are the creator of the FORCE Strategy (Find the deal, Owner Finance It, Raise the Capital, Cashflow It, and Expand your Financial Freedom) 📧 Get Our 1:1 Real Estate Investing Coaching and Mentoring: https://thekwakbrothers.com/thekwakbrothers ⌨️ FREE 7 Day Trial To PropStream Real Estate Investing Software: http://reisoftware.thekwakbrothers.com 📊 Pay Off Your Mortgage In 5-7 Years (On Average): https://www.youtube.com/watch?v=eGVn9iq1e6c 💻 JOIN OUR FREE FACEBOOK GROUP FOR LANDLORDS & PASSIVE INCOME: https://www.facebook.com/groups/bestreigroup 📡 PROTECT YOUR ONLINE DATA AND ACTIVITY WHILE CLOSING DEALS AND GENERATING NEW LEADS WITH NORDVPN: https://go.nordvpn.net/aff_c?offer_id=15&aff_id=40858 🔊 Our Podcast Channels: 📻First Deal Experience: 🔹Spotify: https://open.spotify.com/show/7pnHJSNl7vPVFzq69IzC6B 🔹iTunes: https://podcasts.apple.com/us/podcast/first-deal-experience/id1282240923 📻Property Management Automated: 🔹Spotify: https://open.spotify.com/show/1LTAeRg2ZAT1ATI1mdtWM0 🔹iTunes: https://podcasts.apple.com/us/podcast/landlording-automated-podcast/id1504548975 GET SOCIAL WITH US: 📣Facebook: https://www.facebook.com/thekwakbrothers/ 📣Instagram: https://www.instagram.com/thekwakbrothers/ 📧 Hire the Kwak Brothers to Speak: info@thekwakbrothers.com #stimuluscheck #stimulus #IRS ======================== ---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.