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Good news and bad news from the IRS this July.The good: the agency reopened for business as of July 13th, which means it is now taking phone calls and processing tax filings as quickly as possible.The bad: during a year when every dime counts, the agency says as many as 4.7 million tax refunds will be delayed another few months.Cristy Mack is one of them. She and her husband never wait to file their taxes because she depends on her refund.But like almost five million other people, they still file paper returns because they are most comfortable doing that."We mailed our paper forms at the end of February," she said.But five months later, Mack still doesn't have her refund."A total of 18 weeks have gone by since we mailed in our return," Mack said.She tried calling the IRS, she says, but like countless other taxpayers, ran into a brick wall."They say they aren't taking calls at the moment," she said.Why refunds are taking so long this yearThe IRS's national taxpayer advocate now says as 4.7 million people who filed paper returns will have very late refunds.That's because the agency furloughed thousands of workers this spring and stopped processing paper returns for two months, creating a huge backlog.Paper processing has restarted, but workers are far behind.Mack needs her tax refund badly."It means a lot to us," she said. "Especially with everything going on, and my husband's job has been really slow, and we are making less.We passed Mack's information on to the IRS, though it may not make a difference if her return is buried in a stack of thousands."When you rely on that as part of your income and it's not there, it does make things a little sketchy sometimes," she said.And with the IRS extending the tax deadline to July 15 this year, even more paper returns are about to be added to the stack.If you are still waiting for your refund, all you can do is log on the IRS website, go to the "Where's my Refund" section, and cross your fingers.As always, don't waste your money.Don't Waste Your Money" is a registered trademark of Scripps Media, Inc. ("Scripps").Like" John Matarese Money on FacebookFollow John on Instagram @johnmataresemoneyFollow John on Twitter (@JohnMatarese)For more consumer news and money saving advice, go to www.dontwasteyourmoney.com. 2296
Hazards created by Hawaii's Kilauea volcano have spawned a lot of questions from the public. How long will this last? Is it safe to be on Big Island right now? Can I roast marshmallows?The US Geological Survey has been answering those questions on social media. Here's a look at some of them. The questions have been edited for clarity and brevity.Q: Is it safe to roast marshmallows over volcanic vents?USGS: Erm...we're going to have to say no, that's not safe. (Please don't try!) If the vent is emitting a lot of SO2 [sulfur dioxide] or H2S [hydrogen sulfide], they would taste BAD. And if you add sulfuric acid (in vog, for example) to sugar, you get a pretty spectacular reaction.Q: Is it safe to be in Hawaii right now?USGS: The eruption at Kilauea right now is impacting a small portion of the Big Island. Lava flows are active on the eastern tip of the island, in lower Puna, and Hawaii Volcanoes National Park is closed due to the small explosions occurring at Kilauea's summit. But the Island of Hawaii is made up of 5 volcanoes, and only Kilauea is erupting.Even if there were to be a change in activity at Kilauea, it would not impact Hilo or Kailua-Kona (the largest towns on the island), which are located on different volcanoes. The biggest impacts might be vog, but that has been a persistent issue on the island for decades. You can actually get real-time vog information at sites around the island from the Hawaii Department of Health at http://www.hiso2index.info/. 1493
GRAND BLANC, Mich. - A 17-year-old is in trouble with Michigan State Police and, most likely, his parents after being clocked doing 138 miles an hour on I-75 in near Grand Blanc.The incident happened at around 8:45 p.m. on November 23.Troopers clocked the 2012 Chevy as it was in the left lane of Northbound I-75. Troopers say the driver tried to "duck off" onto E Holly Road but was caught by the trooper.According to MSP, the driver said he was "traveling so fast and passing other cars and sucking in and out of lanes" because he was late for his 9:30 curfew.MSP says the trooper "gave the kid a break" on a reckless driving charged, but did give him a ticket for going 138 mph in a 70 mph zone and "the SMH award."His ticket carries an unknown fine and four points. 777
Hello! And welcome to Movie...Pass?MoviePass, the ticket subscription company, is buying Moviefone, the 29-year old movie directory service.A lot has changed since Moviefone first started. It's hard to imagine now, but people used to call a number for movie times. Moviefone became so popular that its famous "Welcome to Moviefone" greeting was parodied in a famous "Seinfeld" episode.Moviefone still has a website and app, but it retired the 777-FILM phone service in 2014. (Seinfeld's Kramer must be pleased. "Why don't you just tell me the name of the movie you've selected?")AOL, now part of Verizon, bought Moviefone in 1999 for 8 million. But MoviePass isn't spending nearly as much to get Moviefone. MoviePass majority owner Helios and Matheson Analytics will pay Verizon only about million for Moviefone -- million in cash and a mix of HMNY stock and warrants worth about million, according to a Securities and Exchange filing Thursday.According to Business Insider, MoviePass has also welcomed back service to a handful of AMC theaters in big cities, including San Diego.The service removed 10 of AMC's busiest locations from its app in January to take a "hard position" against theater chain. MoviePass has been seeking a a portion of concessions sales.WHY MOVIEFONE?So why does MoviePass want Moviefone? MoviePass CEO Mitch Lowe told CNNMoney it wanted access to Moviefone's film and TV show content."Our subscribers want to connect with Hollywood and hear more about what's going on in the film industry," Lowe said. "They'd like to have MoviePass recommend movies to them and Moviefone is iconic."Lowe, a co-founder of Netflix and former president of DVD rental kiosk service Redbox, added that he hopes the acquisition will be a "great funnel to attract new members" to MoviePass, which currently has more than 2 million subscribers.Ted Farnsworth, CEO of Helios and Matheson Analytics, added that the marriage of MoviePass and Moviefone will hopefully lead to more advertising revenue."MoviePass is growing at warp speed. Put it and Moviefone together and it gives us more advertising opportunities," Farnsworth said in an interview with CNNMoney. "This is a great strategic move for us."MoviePass arguably needs more ad sales to convince skeptical investors that its business model of buying tickets from theaters and then offering them to subscribers at a discount through monthly and annual subscription plans is viable for the long haul. MoviePass lets people see a movie a day for .95 a month -- it recently cut its price from .95.Shares of Helio and Matheson Analytics have plunged nearly 55% this year. Investors are worried that MoviePass won't be profitable anytime soon.THREAT OF COMPETITIONPart of the problem? We live in an era of so-called peak TV. Netflix, other streaming services and big cable TV networks are churning out more and more quality shows that eat into the time people have to go to movies.Investors also worry that the big chains that MoviePass currently buys tickets from -- AMC, Regal and Cinemark -- may eventually look to cut out MoviePass and launch their own subscription services or other lower-priced deals.Regal, which is now owned by UK-based Cineworld, has experimented with charging more for tickets during peak movie times and less at times when attendance tends to be lighter. Think of it as Uber-style surge pricing, but for movies.And Cinemark unveiled Movie Club, a monthly plan that lets people buy a movie ticket a month for a discounted price of .99, last year.That deal obviously isn't as good as the one a day plan offered by MoviePass. But Cinemark will also allow Movie Club members to roll over unused tickets every month, bring friends at the lower price and offers bargains on concession stand items.Lowe isn't too concerned about competition though. He said he's convinced that MoviePass will continue to work closely with the big chains -- even if Wall Street is nervous."We have to prove we are a driving force in getting more people into theaters. We have to try and put our money where our mouth is," he said. 4118
FULLERTON, Calif. (AP) — Police say a suspect has been arrested in the stabbing death of a man at the California State University, Fullerton campus.Fullerton police Lt. Jon Radus on Thursday told The Associated Press that 51-year-old Chuyen Vo was arrested Wednesday night at his home in Huntington Beach. Vo is suspected in the death of a former co-worker, 57-year-old Steven Shek Keung Chan. Police would not elaborate on the work relationship between the two men.Chan worked as the director of budget and finance and student services for university extended education but retired in 2017. He returned to the campus in January to work as a consultant.Authorities have said Chan was found stabbed numerous times inside his silver Infiniti in a campus parking lot on Monday, and they believe it was a targeted attack. 825