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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

WASHINGTON, D.C. -- The Trump administration has rescinded a rule that would have required international students to transfer schools or leave the country if their colleges hold classes entirely online this fall because of the coronavirus pandemic.The administration’s decision was announced at the start of a hearing in a federal lawsuit in Boston brought by Harvard University and the Massachusetts Institute of Technology.The announcement brings relief to thousands of foreign students who had been at risk of being deported from the country, along with hundreds of universities that were scrambling to reassess their plans for the fall in light of the policy.The rule was facing opposition from state governments across the country. Monday, 17 states and the District of Columbia filed a lawsuit against the Trump administration in an effort to stop the policy.Along with D.C., the lawsuit was filed by these states: Colorado, Connecticut, Delaware, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia, and Wisconsin. California also filed a similar lawsuit. 1160

WASHINGTON (AP) — The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is stalling hiring and slowing an economic rebound. With confirmed viral cases still elevated in much of the nation and businesses under continued pressure, many employers appear reluctant or unable to hire. The unemployment rate did decline in July from 11.1% to 10.2%, though that still exceeds the highest rate during the 2008-2009 Great Recession.July’s job gain was much lower than June’s 4.8 million and May’s 2.7 million jobs, both of which were revised slightly.Even counting the hiring of the past three months, the economy has now recovered only about 42% of the 22 million jobs it lost to the pandemic-induced recession, according to the Labor Department’s jobs report released Friday. 858

WASHINGTON, D.C. — Democrats have driven a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate.Maryland Democrat Ben Cardin pushed for the extension of the Paycheck Protection Program hours before a deadline for applying for the program, which was created in March and has been modified twice.The measure is not a done deal though. It must also pass the house and be signed by President Donald Trump.If approved by Trump and the House, the new deadline for businesses to apply for PPP loans would be pushed back to Aug. 8.The proposed extension is an unexpected development that comes as spikes in coronavirus cases in many states are causing renewed shutdowns of bars and other businesses.The pressure swayed Republicans controlling the Senate, who have delayed consideration of a fifth coronavirus relief bill and are preparing to go home for a two-week recess.About 4.8 million businesses received a PPP loan, with a total of 9 billion lent out. But as of Tuesday, there was still more than 0 billion left in the pot.As to why that is, the Small Business and Entrepreneurship Council says there's a few reasons, like concerns over how much would actually be forgiven, constantly changing rules, and strict limits to how the money can be used.“Not all businesses are the same. So, you know you've got businesses with high overhead, maybe few on payroll,” said Karen Kerrigan, President and CEO of the SBE Council. “This program really didn't align with their needs.” 1534

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