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If you are one of the millions of Americans who filed for an extension on your federal tax return back in April, you might be wondering if you still need to pay your taxes by October 15 because of the current government shutdown. The simple answer is yesfor most filers. (Two exceptions, though, are if you were affected by a federally declared disaster, or if you were living out of the country on the due date.) Even though the Trump administration has furloughed 34,400 of some 74,300 employees, according to the Internal Revenue Service (IRS), the deadline still stands. “Due to the government shutdown, the American people lost access to many vital services provided by the IRS when the agency furloughed thousands of employees,” the National Treasury Employees Union said. “Expect increased wait times, backlogs, and delays implementing tax law changes as the shutdown continues. Taxpayers around the country will now have a much harder time getting the assistance they need.” “There is no furlough in the filing deadline,” Tom OSaben, director of tax content and government relations for the National Association of Tax Professionals, told the Detroit Free Press. The IRS is still required to continue to collect any taxes due, the paper noted.Some 20 million people filed for a six-month extension back in April, according to the IRS, and the agency expects that number to remain about the same, at 19.8 million people, next tax year, CNBC reported. Should I file electronically or by mail? If you’re anticipating a tax refund, you may want to file your return electronically, instead of by mail, to get your money back sooner, according to NerdWallet. What happens if I miss the October 15 tax extension deadline? Despite all that, if you are still thinking of dragging your feet, one thing to note is that it will cost you. If you miss this deadline, the IRS will consider your return to be late, and you will be subject to these penalties, NerdWallet confirmed.
Category:
E-Commerce
JPMorgan Chase will directly invest up to $10 billion in U.S. companies with crucial ties to national security. The investment plan revealed Monday will focus on four areas: supply chain and advanced manufacturing in critical minerals, pharmaceutical precursors, and robotics; defense and aerospace; energy independence, with investments in battery storage and grid resilience; and strategic technologies, including artificial intelligence, cybersecurity, and quantum computing. The investment is part of the bank’s Security and Resiliency Initiative, a $1.5 trillion, 10-year plan to facilitate, finance, and invest in industries critical to national security. It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products, and manufacturingall of which are essential for our national security, Chairman and CEO Jamie Dimon said in a statement. Our security is predicated on the strength and resiliency of Americas economy. America needs more speed and investment. This summer, JPMorgan helped put together a deal under which the Defense Department agreed to invest $400 million in U.S. rare earth company MP Materials. The bank is also providing financing for MP Materials second magnet-producing factory in the U.S. The nation’s largest bank plans to finance approximately $1 trillion over the next decade in support of clients in these industries. JPMorgan Chase is looking to increase this amount by up to $500 billion, or a 50% increase, with additional resources and capital. America needs more speed and investment, Dimon said. “It also needs to remove obstacles that stand in the way: excessive regulations, bureaucratic delay, partisan gridlock and an education system not aligned to the skills we need. JPMorgan says that it serves 34,000 mid-sized companies and more than 90% of the Fortune 500. It plans to hire more bankers, investment professionals and other experts to help address its investment plan. It will also create an external advisory council that includes leaders from the public and private sectors to help guide the long-term strategy. Michelle Chapman, AP business writer
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E-Commerce
KPop Demon Hunters took over Netflix when it debuted in August. Next, its coming for Halloween. Thats according to Googles annual Frightgeist report, which uses Google Trends search data to predict the years top Halloween costumes across a number of categories. This years report, published on October 9, shows that characters from the hit animated movie musical KPop Demon Hunters have snagged all five of the lists top spots. KPop Demon Hunters centers on Huntr/x, a K-pop superstar trio who double as demon hunters. The membersRumi, Mira, and Zoeymust protect their fans while facing down a rival boy band made up of demons in disguise, led by the singer Jinu. Since the movie premiered on Netflix, its become the streamers most-watched film of all time; secured Netflix’s first-ever No. 1 box office title when it was shown in theaters; had four simultaneous top ten hits on the Billboard Hot 100; and achieved Platinum status with its soundtrack. In short, the film is a cultural phenomenon complete with a bevy of catchy, endlessly replayable songsand its going to be totally unavoidable on Halloween. window.addEventListener("message",function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data["datawrapper-height"][t]+"px";r.style.height=d}}}); Which characters made the list? Google Frightgeist found that the top five overall costumes of the year are, in order of popularity: Rumi, Zoey, Mira, Jinu, and Baby Saja (a minor antagonist and rapper in the K-pop group Saja Boys). Derpy the Tiger, a supernatural blue feline from the film, is also eighth on this years list. Fast-fashion brands including Shein and Aliexpress have anticipated the trend with their own versions of KPop Demon Hunters fashion. Seasonal retailer Spirit Halloween is also offering officially licensed costumes of the shows main characters, available in both kid and adult sizesbut it appears to be struggling to keep up with demand. As of this writing, every adult costume is sold out in every size, and kids’ costumes seem to be available exclusively in stores. Spirit Halloween did not immediately respond to Fast Companys request for comment on the costumes popularity. For businesses, theres a lot at stake. According to a September survey from the National Retail Federation (NRF), Halloween spending, which includes stocking up on candy and pumpkins in addition to spending on costumes, is expected to reach a record $13.1 billion this year. Amidst the sea of K-pop costumes that will dominate streets this year, trick-or-treaters can expect to see another familiar face in the crowd. Labubus, the collectible monster plush toys that are known for teetering on the line between ugly and cute, are the top costume search for dogs and the second-hottest costume search for kids.
Category:
E-Commerce
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