Forum Post: I was awarded some of the stimulus money but a government regulation forced me to pass on it.
Posted 6 years ago on March 6, 2012, 12:28 p.m. EST by freewriterguy
This content is user submitted and not an official statement
I was awarded a 30k contract a federal stimulus money for Clearfield Job Corp. (a federal agency) but was going to be penalized 10k from the irs for early withdraw penalty on an IRA to try and finance the job. The job was going to take 60 days, the maximum time you can withdraw from an ira without a penalty, and then it was going to take another 30-45 days to get paid, this is why I Ended up passing on the job and laying off my worker. Just wanted some of you to know what a joke our government is.