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Getting a big paycheck is nice, but not so much come tax season.Typically, about 18 percent of Americans are underwithholding and owe money to the IRS instead of getting a refund, according to Market Watch. But this year, the Government Accountability Office says 3 million more people are expected to join that 18 percent.Tax attorney Michelle McCarthy, with Gantenbein Law Firm, says a majority of people expected to owe money to the IRS will be large families. That’s because of the changes made in the new reform. 551
George Floyd, the man who died in the custody of the Minneapolis Police Department in late May and whose death has sparked a nationwide protest movement against police brutality, was buried in Pearland, Texas, Tuesday following a private funeral.The funeral took place at The Fountain of Praise Church in Houston. It was livestreamed online and carried live by several news networks. Memorial services for Floyd have already been held in Minneapolis, the city where he lived his final years, and in North Carolina, the state in which he was born. Floyd lived the majority of his life in Houston.WATCH REPLAY"Tuesday's funeral followed a public viewing, which was held on Monday afternoon and evening.On May 25, Floyd was arrested after he allegedly attempted to use a counterfeit bill to buy tobacco at a Minneapolis convenience store. Officers later found him in a car, which was still parked outside the store. Police have said Floyd was under the influence of drugs or alcohol at the time.Officers pulled Floyd out of the car and handcuffed him. As they restrained him, bystander video shows one police officer, Derek Chauvin, kneeling on Floyd's neck for more than eight minutes as Floyd yelled he couldn't breathe. Chauvin continued to kneel on Floyd's neck for several minutes, even after he became unresponsive.The bystander video quickly went viral, prompting a wave of outrage. Protests in Floyd's name have drawn thousands of demonstrators in dozens of major cities around the world for more than a week, calling for a change in policing, diverting funds for police to other social programs and an end to systemic racism. 1643
HENRICO COUNTY, Va. -- Scores of family, friends and even a lawmaker or two helped a Virginia woman celebrate a milestone birthday over the weekend.Ms. Annie Pie turned 100 years old Sunday and the Henrico County community turned out to help her celebrate.Because of the COVID-19 pandemic, Ms. Pie was honored with a drive-by parade with plenty of waves, well-wishes and lots of honks."The Lord is good, honey... to let me live this long to see this day," Ms. Pie said. "I never had a day like this before and I always love people and I think they love me, too."Happy Birthday, Ms. Pie!This story was originally published by Todd Haas and the web staff at WTVR. 669
Grace Ross is drowning in paperwork; her office is filled with boxes that are overflowing with affidavits as she tries her best to help Americans who are on the verge of eviction.Ross runs the Worcester Anti-Foreclosure Team in Worcester, Massachusetts. Every day, her team is fielding calls from people who have run out of money and are now facing eviction proceedings."People are panicked,” she said. “I think the low-level panic that we’re all running around, because of COVID and in this, it's a lot.”The current impending housing crisis could not be hitting at a worse time. As COVID-19 cases spike across the country, many Americans are quarantining at home to stay safe, while at the same time, millions of people are in danger of losing their homes.Housing courts in many states are still closed, so eviction hearings have to be done via Zoom, which presents its own challenges."One of the areas of law where people self-represent the most is eviction cases, so it’s the worst case to have this happen in," Ross added.Before COVID-19, lawyers would often resolve cases without a judge getting involved. Now, however, evictions hearings are being drawn out because attorneys can’t meet in-person. That is adding another layer of complexity to the housing crisis."When courts try and work remotely, you cut out the non-verbal's, the interactive nature, anybody who has Zoomed knows trying to figure out who is talking when there’s a lot of people on there can be difficult," Ross said.According to the CDC, roughly 12 million adults missed their last rent payment. A staggering 23 million people have little or no confidence in their ability to make the next one.It's not just renters who are struggling. Landlords who make less than ,000 a year are also being hit hard because they get most of their income from a tenant’s rent."That street-level economy is the one that is just collapsing under the weight of COVID in a million different ways,” Ross said. 1974
Hertz has been in business for over 100 years.In May, the car-rental company filed for reorganization under Chapter 11 in bankruptcy court in Delaware.On Monday, Hertz announced in a press release that revenues were down 70% as it reported its second-quarter financial results."In the second quarter, like so many companies whose revenues have sharply declined due to the pandemic's significant impact on global travel, we had to make difficult but necessary decisions to strengthen and position the company for growth for many years to come," said Paul Stone, President and Chief Executive Officer of Hertz Global in the news release. "The toughest decisions have been those that impact the livelihood of our dedicated workforce and our voluntarily reorganizing under Chapter 11 in North America. We are moving through our reorganization process and remain focused on emerging an even stronger global rental car leader better positioned to serve our customers around the world."The parent company, Hertz Global Holdings, recorded revenue of 2 million, but with a net loss of 7 million.And with air travel impacted by COVID-19, the company said airport car rentals were down 82%.In the news release, the company said they saw a strong rebound in its used-car market in May and June, and they were able to "sell cars aggressively as we right-size the fleet to align with market realities.""We continue to make disciplined adjustments to our cost structure based on revenue fluctuations and expect to generate about .5 billion in annualized savings," said Stone in the release. "Our priority is fleet management. The continued strong used-car market allows us to continue to sell cars aggressively as we right-size the fleet to align with market realities. Across the business, our team is laser-focused on capturing revenue, driving efficiency, and advancing critical technology. In the U.S., we continue to capitalize on rental opportunities off-airport, while ensuring customer service levels remain best-in-class. Internationally, our fleet is trending toward demand levels. And our Donlen leasing business remains stable. Finally, continuing to keep our teams and our customers safe in this unpredictable environment is of utmost importance to everyone at Hertz." 2282