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The heat wave continues for one more day across the Southwest and California today. Well below and even record low temperatures are forecast in the Central U.S. by Wednesday. https://t.co/VyWINDk3xP pic.twitter.com/PODhGiLPaj— National Weather Service (@NWS) September 7, 2020 284
The National Transportation Safety Board released a report Wednesday stating that the pilots were likely at fault with the August 2019 plane crash involving former NASCAR driver Dale Earnhardt Jr. and his family in Tennessee.The report stated that the pilot's approaching the runway at Elizabethton Municipal Airport too fast and the flight crew's decision not to abort the landing was the likely cause of the crash.The plane then bounce landed, causing a landing gear to collapse, and the pilots losing control of the airplane."Contributing to the accident was the pilot's failure to deploy the speedbrakes during the initial touchdown, which may have prevented the runway excursion, and the pilot's attempt to go around after deployment of the thrust reversers," the report said.Earnhardt's wife and child were also onboard the plane when it crashed.The agency said the pilot and co-pilot were not injured, and the three passengers sustained minor injuries.You can read the full report below: NTSB Earnhardt Jr. Report by Sarah Dewberry on Scribd 1058
The manufacturer and marketer behind Bratz dolls and the toy LOL Surprise has spurred a campaign to save Toys R Us, and so far investors are pledging 0 million.Billionaire Isaac Larian is also the marketer who has made the above-mentioned toys a success. In an interview with USA Today, Larian said He and the other investors are seeking to raise another 0 million in order to make a billion bid to acquire the bankrupt Toys R Us.A GoFundMe campaign has been launched to crowdfund this investment idea. People who pledge between %50- will get a special edition Num Noms toy.Bigger pledges get donors bigger special edition toys, USA Today reports.Some Toys R Us stores have posted paper signs on their doors saying liquidation sales, which were supposed to begin today, have been delayed. Company lawyers told US Bankruptcy court on Tuesday that it planned to start sales this Thursday. 922
The IRS added a new question to the top of the 1040 tax form, aimed at identifying people who make money on cryptocurrency transactions. Cryptocurrency, or virtual currency, includes things like Bitcoin and is a digital representation of value that functions as a medium of exchange, according to the IRS.The question asks: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” The only options to answer are yes or no.The question is similar to one that was added to the form for 2019 tax filings. At the time the question was on a section used to report certain additional income or adjustments, called Schedule 1. However, not a lot of people file Schedule 1 forms with their return. In 2014, the IRS issued a notice that virtual currency should be treated as property for tax purposes. Tax experts say the move, putting the question on the main form, may signal that the IRS is serious about going after virtual currency investors who under-report their holdings.“In my view, the IRS is treating omitted virtual currency transactions in the same manner it pursues foreign bank accounts of U.S. taxpayers,” Lewis Taub, a certified public accountant and director of tax services at Berkowitz Pollack Brant Advisors + CPAs told Yahoo Finance. “By asking the question on the top of the first page of the return, the IRS is making it clear that any income from gains or losses from virtual currency must be reported on the return.”The question will appear at the top of the 1040 form, right below a person’s name and address.The IRS has increased their investigations into cryptocurrency investments, getting digital currency exchanges to release information about investors activity.Among recent high-profile cases was software mogul John McAfee, who was accused of tax evasion using cryptocurrency in October, according to FOX News. 1922
The leaders of North and South Korea met Saturday for a second time, South Korea's presidency announced.North Korean leader Kim Jong Un and South Korean President Moon Jae-in held a surprise meeting at the Demilitarized Zone, the South Korean presidency said in a statement.The two leaders "exchanged their opinions" on among other things successfully carrying out a future US-North Korea summit, according to the statement. President Donald Trump canceled a June 12 summit with Kim this week, then told reporters Friday he's still open to a meeting. 558