extension | Common News Update

Mar282021 by adminNo Comments

Broke? Need an extension? Amending a return? No matter your situation, you need to file your taxes

Finance

Constantine Johnny | Moment | Getty ImagesThe IRS may be extending the deadline to file your annual taxes for 2020 to May 17, but there's no time like now to get started on them — no matter your circumstances.Perhaps you owe money that you don't currently have. Maybe your life has been turned upside down and doing your taxes is the last thing you want to do. But don't even think about not filing a tax return."It's a terrible idea," said Nayo Carter-Gray, founder of 1st Step Accounting, of not filing. "It's one of the worst things you can do."Lisa Greene-Lewis, a tax expert at TurboTax, concurs."It is definitely a bad idea," she said. "File the return even if you can't pay what you owe."Let's start with the penalties. If you don't file your return, you'll be assessed a penalty of 5% of the ...

Mar12021 by adminNo Comments

Kansas City Royals signing 3B Hunter Dozier to 4-year extension

Sports

Feb. 28 (UPI) -- The Kansas City Royals are finalizing a multiyear contract extension with third baseman Hunter Dozier. League sources told ESPN and MLB Media on Sunday that Dozier and the Royals are in agreement on a four-year, $ 25 million extension that includes a fifth-year option for $ 10 million. According to the outlets, the deal also contains escalators and bonuses that could max it out at $ 49 million over five years. Advertisement The Royals haven't confirmed the agreement, which is pending a physical. Dozier, who was selected eighth overall by the Royals in the 2013 MLB Draft, is an integral part of Kansas City's lineup. He is expected to serve as the Royals' everyday third baseman this season after previously moving around the infield and outfield. The 29-year-old Dozier misse...

Feb282021 by adminNo Comments

Chancellor hints at furlough extension but says he must ‘level’ with public over pandemic toll

Business

Chancellor Rishi Sunak has hinted at an extension to the furlough scheme but warned he will "level" with the public over the economic toll of the pandemic.Speaking to Sophy Ridge on Sunday, Mr Sunak insisted he will do whatever it takes to support business in the UK as it recovers from coronavirus lockdown measures. Asked whether furlough would be extended, he said: "I said at the beginning of this crisis that I would do whatever it took to protect people, families and business through this crisis and I remain completely committed to that."The prime minister, in the roadmap, set out a path for us to recover and reopen and I want to support people and businesses along that path."He added: "This is about appreciating the damage that coronavirus has done to our economy, ensuring that we prote...

Nov232020 by adminNo Comments

Sacramento Kings’ De’Aaron Fox signing 5-year, $163M max extension

Sports

Nov. 20 (UPI) -- Star point guard De'Aaron Fox has agreed to a five-year maximum extension with the Sacramento Kings. League sources told ESPN and The Athletic on Friday that Fox's multiyear extension is worth at least $ 163 million. According to the outlets, the deal contains escalators that would allow him to reach the $ 195.6 million super max if he makes an All-NBA team and the league's salary cap climbs above $ 112 million. Advertisement The 22-year-old Fox will receive a total of $ 170 million in the deal for being named to the All-NBA Third Team, $ 183 million for a second-team selection and $ 196 million for a first-team selection. Fox, the No. 5 overall pick in the 2017 NBA Draft out of Kentucky, averaged a career-best 21.1 points to go with 6.8 assists and 3.8 rebounds per game ...

Sep262020 by adminNo Comments

Washington Nationals, manager Dave Martinez agree to extension

Sports

Sept. 25 (UPI) -- The Washington Nationals and manager Dave Martinez have reached an agreement on a multiyear contract extension. League sources told ESPN and USA Today Sports on Friday that Martinez agreed to a three-year extension worth about $ 7.5 million. The team has yet to confirm the agreement. Advertisement Martinez had an option on his contract for the 2021 season, but the new deal will replace that and keep him with the Nationals organization through the 2023 season. Nationals general manager Mike Rizzo -- who signed a new contract earlier this season -- previously said that re-signing Martinez was a priority for the club. "That's priority one is to get Davey taken care of," Rizzo told reporters earlier this month. "My plan is, and my preference is, to not pick up the option and...