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WASHINGTON, D.C. – The Internal Revenue Service (IRS) says it’s sticking with its July 15 deadline for Americans to file and pay their federal taxes.The original filing deadline and payment due date for 2019 was postponed from April 15 to July 15 due to the coronavirus pandemic.However, the IRS says taxpayers who are unable to meet the July 15 deadline can request an automatic extension of time to file until Oct. 15. You can file for an extension here.Those filing for an extension must do so by July 15. The IRS says the extension provides additional time to file a tax return, but it’s not an extension to pay any taxes due.The IRS urges people who owe taxes, even if they have a filing extension, to carefully review their situation and pay what they can by July 15 to avoid penalties and interest.“The IRS understands that those affected by the coronavirus may not be able to pay their balances in full by July 15, but we have many payment options to help taxpayers,” said IRS Commissioner Chuck Rettig. “These easy-to-use payment options are available on IRS.gov, and most can be done automatically without reaching out to an IRS representative.”While the deadline for federal taxes remains on April 15, states may have different deadlines for their taxes. A list of state tax division websites is available through the Federation of Tax Administrators.Click here for more information from the IRS, including payment options. 1442
We're just a few months away from the midterm elections, and with crucial races determining the balance of power in Washington, we're taking a hard look at the issues that matter to you!Each week, we'll dive deep into a new issue—from education and immigration to gun control and jobs.This week, we’re talking trade. In order to understand the trade war, it’s important to know what tariffs are.A tariff is basically a tax thrown on something that's being imported. Say a company in Country A really wanted to sell shoes in Country B. Country B could throw a tariff on those sweet sneakers, meaning it would cost the company in Country A more money to sell them. There are essentially two types of tariffs: specific and ad valorem. The latter is a flat tax on one unit of some imported good; like a 0 tariff on each bushel of wheat. Ad valorem, which means "according to value" in Latin, is a tax based on the percentage of that good's value.So, if there's a 15 percent tariff on a type of car, the money that tariff is bringing in would rise and fall with the car's market price, but the percentage would stay the same. Nowadays, tariffs can be implemented to protect domestic companies from worldwide competition and to protect consumers for national security reasons, or in retaliation for the actions of another country.But using tariffs come with a risk. If two countries start slapping punitive tariffs on each other, it could spark a tit for tat trade war, which almost no one wants. 1523
WAUWATOSA, Wis. -- Anytime Fitness has issued an apology after someone at their Wauwatosa, Wisconsin, location displayed a whiteboard with instructions for an "I Can't Breathe" workout."I can't breathe" were among the last words George Floyd spoke as he died on Memorial Day in police custody in Minneapolis. Since Floyd's death, protests have taken place in large scale across the country in his honor. Many of those protesters have chanted "I can't breathe" as well.On Tuesday, a viral image began to circulate that showed a whiteboard describing the "I Can't Breathe" workout, which involved things like rowing and burpees. After listing the tasks for the workout, the whiteboard read "...and don't you dare lie down." 729
Weeks ago, it was thought that the US was on its way to reopening the economy with the coronavirus no longer posing the threat to the nation it once did.And then increases of testing have shown in recent weeks the virus is not only more prevalent than previously thought, but is spreading at a faster rate.Last Friday, Texas Gov. Greg Abbott ordered the states bars to close. Fellow Republican Gov. Ron DeSantis of Florida made a similar announcement, prohibiting on-site alcohol consumption at bars.Come Monday, Arizona Gov. Doug Ducey also closed bars in his state. The sudden reversal came out of necessity as all three states are concerned that hospitals could be overwhelmed with COVID-19 patients.So what makes bars uniquely dangerous?Bars are largely places meant for extended social interaction. That has led to several recent outbreaks of the virus.For instance, there were at least 100 reported cases tied to an outbreak in the Tigerland nightlife district in Louisiana. A group of 16 friends all tested positive for the virus after a visit to a bar, according to local reports."It seems like the largest growing sector of cases in the United States seems to be in the 18 to 40 year old range," Zach Jenkins, Associate Professor of Pharmacy Practice at Cedarville University. "Bars also seem to be a common source that infections are springing from. In my estimation, what we're seeing is the direct result of lockdowns easing up. Bars were physically closed throughout the country, people had minimal to no access to alcohol, and many people canceled their vacation plans. "Bars are often social experiences by nature, and younger crowds are more likely to frequent them. When alcohol consumption is added to the mix, people are less likely to keep their distance or practice other behaviors that limit the spread of the virus. Another layer to consider is that many bars lack outdoor seating in larger cities may have limited outdoor seating. Add all of that together, and you start to see why bars seem to be such a hot spot for activity."The CDC still encourages people to remain six feet apart and wear masks in public settings, which could be a challenge consuming alcohol while in a crowded bar.The CDC has released guidelines for the public to decide on whether it's safe to visit places such as bars and restaurants. Those guidelines can be viewed here.In DeSantis’ opinion, people were not following guidelines.“So folks just follow the guidelines, we're in good shape,” DeSantis said. “If you depart from that, then it becomes problematic. So I think that that's been clear from the beginning. Remember, the beginning of May, we went to this, you didn't see any problems. Very good, solid May, beginning of June, but now you've started to see more, but part of that is less business than it is social interactions." 2846
WASHINGTON (AP) — The Supreme Court has upheld a 1991 law that bars robocalls to cellphones.The case was argued by telephone in May because of the coronavirus pandemic.It only arose after Congress in 2015 created an exception in the law that allows the automated calls for collection of government debt.Political consultants and pollsters were among those asking the Supreme Court to strike down the 1991 law that bars them from making robocalls to cellphones as a violation of their free speech rights under the Constitution.The issue was whether, by allowing one kind of speech but not others, the exception made the whole law unconstitutional. 654