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The overwhelming majority of returns have been filed by now, and you have everything to lose by not at least filing for an extension now. Stop procrastinating.
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Just because April 15 isn't the tax deadline this year, it doesn't mean this weekend is an excuse to procrastinate.
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It's been tax seasons since the Internal Revenue Service opened on January 19, and the overwhelming majority of the more than 150 million tax returns for the 2015 tax season have been filed by now. Thanks to the Emancipation Day holiday in Washington, D.C., falling on April 15 this year, you have until April 18 to file your return and pay what you owe. Taxpayers in Maine and Massachusetts can wait until Tuesday, April 19 because of Patriots' Day festivities on April 18.
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That doesn't mean the people who wait until those dates to file aren't slackers, however. According to global payments company ACI Worldwide and OfficialPayments.com, which processes bill payments for the IRS, 65% of tax season transactions come in a week before the due date and 30% come in on the due date.
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This is a big reason why ACI Worldwide says 46% of the people it surveyed always pay their federal taxes online, and 69% prefer to do so. Granted, there's still 20% of the tax base that chooses to pay via mail and 5.3% who've started paying via their mobile devices, but online filing and payment has become essential for procrastinators.
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That's mostly because the penalties for having your taxes filed and paid late aren't cheap. The federal penalty for failure to file starts at 5% per month and tops out at 25% of taxes owed. Those who file their returns more than 60 days after the deadline (or the extended deadline) are also subject to a minimum penalty of $135 or 100% of the unpaid tax, whichever is less. That's just the federal penalty. If you fail to file in New York State, for example, it levels a 7%-per-month penalty against you.
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Meanwhile, if you don't calculate a decent estimate of what you owe, you'll be subject to a 0.5% to 1% monthly federal penalty for late payment, which also caps out at 25% of your unpaid taxes. The monthly federal penalty for failure to file and failure to pay is capped at 5%, which gives taxpayers bumping up against the deadline every reason to file for a six-month extension. If you waited until today to figure this out, you can still electronically file Tax Form 4868 and be in the clear until October.
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If 90% of the taxes you owe when you file an extension request, there's a good chance the failure-to-pay penalty may be waived. Make sure you doublecheck your date of birth and Social Security number before mailing in payment, and get a receipt or e-mail confirmation afterward. Also, if you're doing that, you may as well take advantage of some of the tax-reducing opportunities still on the table.
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Ben Sullivan, and certified financial planner and portfolio manager with Palisades Hudson Financial Group, Scarsdale, N.Y., notes that taxpayers can still make plans for their retirement savings this late in the game. Not only can workers still contribute to their IRAs until the tax deadline, but self-employed individual can contribute even after they file for an extension.
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Three young men, aged 18 to 23 and a 15 year old minor, in the Marshall Islands have been charged in the High Court with the murder of a man last Sunday morning.
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They are charged with torching the man's house while he was asleep, causing his death.
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The three adults are charged with first degree murder, conspiracy, burglary and arson.
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The minor is charged with juvenile delinquency but would be facing the same charges if he was an adult.
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It's the first murder in Majuro, the capital of the Marshall Islands, this year.
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Today's weather forecast for your region.
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The Met Office has forecast a cloudy start to today, Sunday, September 30, with a little rain for Derbyshire but brighter spells are expected in the afternoon.
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Cloud should clear as the day goes on, according to the Met Office, allowing for some brighter spells though it should stay cool.
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By tonight, the Met Office stated there may be sunny spells with a dry and clear night with light winds.
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Temperatures are expected to reach highs of 13 degrees centigrade and lows of five degrees centigrade, according to the Met Office.
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SYDNEY (AFP) - Three new pieces of debris have been found in Mauritius and in Mozambique that could be linked to missing Malaysia Airlines flight MH370, Australia's transport minister said on Thursday (May 26).
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The fate of the passenger jet, which is presumed to have crashed at sea after disappearing en route from Kuala Lumpur to Beijing with 239 passengers and crew on board in March 2014, remains a mystery.
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Five other fragments have previously been found and identified as definitely or probably from the Boeing 777.
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All of them were discovered thousands of kilometres from the current underwater search zone far off Western Australia's coast, where three ships carrying sophisticated equipment are scouring the sea floor for traces of the plane.
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Transport Minister Darren Chester said two of the new pieces were found in Mauritius, with the other in Mozambique and were "of interest in connection to the disappearance of Malaysian Airlines flight MH370".
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"The Malaysian government is yet to take custody of the items, however as with previous items, Malaysian officials are arranging collection and it is expected the items will be brought to Australia for examination," Chester said in a statement.
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"These items of debris are of interest and will be examined by experts." No other details were given.
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The first concrete evidence that MH370 might have met a tragic end was when a two-metre-long (almost seven-foot) wing part known as a flaperon washed up on a beach on the French overseas territory of La Reunion in July last year.
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Australian authorities then said in March that two pieces of debris found in Mozambique - a flat grey fragment with the words "No Step" printed on one side, found on a sandbank, and a metre-long piece of metal picked up by a holidaymaker - were "almost certainly from MH370".
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In mid-May, the government agency leading the search for MH370, the Australian Transport Safety Bureau (ATSB), said two fragments that washed up on beaches in South Africa and Mauritius in March were also likely to have come from the jet.
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One part, which came ashore at Mossel Bay in South Africa, was an aircraft engine cowling, identified from a partial Rolls Royce stencil.
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The other, which was found on Rodrigues island in Mauritius, was a decorative laminate from a "work table" in the main cabin.
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Australia is leading the hunt for MH370 in the remote Indian Ocean, with more than 105,000 square kilometres of the designated 120,000 square kilometre search zone examined so far without success.
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If nothing turns up once the area is fully scoured, the search is likely to be abandoned, Australia, Malaysia and China - the countries that most of the passengers came from - have jointly said.
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ATSB's head Martin Dolan said last week the hunt could wrap up in August, prompting an international network of MH370 next-of-kin, Voice370, to call on the three nations to extend and expand the search.
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Vice President Joe Biden with Mothers in Charge founder, Dorothy Johnson-Speight and his copy of "Faces of Courage."
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Dorothy Johnson-Speight is the Founder and Executive Director of Mothers In Charge, Inc (MIC). She founded the organization following the tragic murder of her son Khaaliq Jabbar Johnson in 2001.He was killed in a dispute over a parking space. The mission of Mothers In Charge is violence prevention, education and intervention for youth, young adults, families and community organizations. Johnson-Speight has been nationally recognized and has won numerous awards throughout the Philadelphia community.
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When did you decide to begin Mothers in Charge and what does it mean to you?
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When I decided I was going to live. I had lost my son almost 15 years to the day that I had lost my two-year-old daughter to bacterial meningitis. I wasn’t sure if I was going to survive, but then I decided that I was not going to let the man who killed my son to claim my life too. Mothers in Charge is my lifeline and it has allowed me to have purpose. I didn’t know what direction my life was going to take after the tragedy of my son’s murder. I needed something to do with my anger and pain. Starting the organization allowed me to take the pain and put it towards something meaningful.
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What are some accomplishments of Mothers in Charge?
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Two years ago we released a book called ‘Faces of Courage.’ In the book, 25 members share their story of the grief and pain of survival after tragedy. The women have all lost loved ones to acts of violence. We have also been featured in several documentaries; some of them were featured in festivals. ‘Milgrim of Pain’ was produced by 15 Villanova criminal justice students and was centered on five mothers living their lives after losing a child to violence. Outlets like books and documentaries are important because on the news you only get a sixty-second snippet of a murder, but you don’t get to understand how that murder affects a family afterwards. We share our stories with people in the hopes that they will learn to understand what it feels like so they to get involved even if they haven’t gone through the actual experience.
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Have you seen a change in senseless violence in Philadelphia since your son’s death in 2001?
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Absolutely! Mothers in Charge has been a catalyst for getting people to look at the issue of violence in a way that they didn’t before. We have bought attention to the issue through our rallies, workshops, teaching, etc. We have educated a community to think that violence is not a norm and you must get involved to make a change. There was a 29% reduction of homicides in Philadelphia last year that I believe our work played a part of, along with other Philadelphia workers.
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Did you ever think Mothers in Charge would become as big as it is today?
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I envisioned that it would but I honestly never knew how it was going to happen. MADD (Mothers Against Drunk Driving) was an organization that I looked up to because of what they were accomplishing nationally. I guess it was my passion and the other women in the organization that continued to get up every day and work towards our goal of awareness that made the difference. Today we have half a dozen chapters across the nation.
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What do you think contributes to its success?
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A group of courageous women could have laid down to die but decided to get out and make a difference due to a trauma and give a voice to the sons and daughters they lost. Our women networked and reach out continuously to other organizations, schools, and leaders in the community. We would speak out about alternatives to violence to anybody and everybody.
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Where do you see Philadelphia’s crime scene in a few years?
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One of my concerns is that the crime is changing. Criminals are leaving children without mothers and communities without men to take care of their families. The crime is causing grief and trauma to people that should not have to suffer. The increased rate of incarnation and death is not going to turn around if communities don’t do something about it. I’m afraid of what we’re going to see in 50 years and how our people are going to be affected.
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As a leader and role model for so many others, who has influenced you the most in your life?
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The two that come to mind are leaders like Marian Wright Edelman [an activist for the rights of children] and Maya Angelo. These women are my biggest role models because they have worked to make a change in families, justice systems, communities, ec. Also, Oprah Winfrey because she is about changing lives and is committed to positive transformations; which is what I love doing.
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What was it like having your own start up foundation featured on the Own Network “Our American” hosted by Lisa Ling?
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It was an awesome experience. The crew came stayed in Philly and got to spend time with us for an entire week. Although the show was only forty-two minutes long and featured a variety of other organizations they did a great job showcasing Mothers in Change. I wish we could have said more about our plans but I was extremely pleased and grateful for what they were able to put together in such a short amount of time. I was also pleased with Stephanie Mobley [who was featured] and the eloquent way she talked about our organization.
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Has anybody reached out to Mothers in Charge after “Our American” aired?
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Yes, people are calling us from all over the country with inquires. I just spoke to a lady from Fort Lauderdale, Florida because she wants to start a chapter in her community. The exposure will help us spread the word about senseless violence all over the county. Hopefully, our national growth will lead to an understanding that this type of violence is not just in big cities like New York and Philadelphia. When I visited a small city in Indiana the same environment of crime existed just like in our own Philadelphia neighborhoods.
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How can someone who doesn’t have a lot of time to dedicate to the organization still make a change?
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Any amount of time can make a difference. People can do little things like volunteer to tutor at a school or help someone learn to read. Aiding in someone’s academic success will decrease their chances in becoming involved in violence. They can still join an organization because even if you only have two hours a week you can be a listening ear. Being a comfort to someone going through a loss is a huge help within itself. If everyone did something small we would see a difference in our communities.
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Today, we bring you the latest on the transfer front with less than a week to go until the deadline. We'll discuss the Boro future of Ben Gibson and Adama Traore.
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There's also the latest from Tony Pulis as he holds his press conference at Rockliffe at 9am.
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It’s been another busy day on Planet Boro and it’s almost gone under the radar that the season starts at Millwall tomorrow.
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Join us from 1pm for the Boro Live Match Blog.
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International call-up for Boro’s Max Metcalfe.
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QPR’s desire to keep hold of Luke Freeman will be tested by Boro in the coming days.
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Reports in the capital claim Rangers have rejected Boro’s approach for the 26-year-old, but say they would be willing to cash in if the price is right.
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Freeman has travelled with the QPR squad ahead of their opener against Preston tomorrow.
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Burnley have again been rebuffed in their bid to sign Ben Gibson.
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The Clarets had an £11m bid rejected but then returned with a £13m offer. It’s understood that has also been knocked back.
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A reminder of what Pulis had to say about Gibson this morning.
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“Ben has been a very good player for this club. If he has the opportunity to go to the Premier League then that’s brilliant for Ben.
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There’s more from Pulis HERE.
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And HERE’S the chain of events that led to Burnley targeting Gibson.
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“It’s a case of who blinks first,” says Ipswich boss Paul Hurst, who is still in the dark over where Martyn Waghorn will be come the end of the transfer window.
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“The situation hasn’t really changed in all honesty,” he told the East Anglian Daily Times in his press conference on Thursday.
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“It’s another situation that could change in the next five minutes, or it might take the next days. It’s just a case of waiting for the phone to ring.
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There’s more from Hurst HERE.
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As reported a bit earlier in the blog, Sky Sports say Burnley have now returned with an improved £13m offer for Ben Gibson.
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Dyche has been on the look-out for a centre-half all summer but has faced one setback after another so far.
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Will he get his man this time around?
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How high will Burnley go?
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Will their interest and bids smoke out any other clubs to make a move?
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We look at the chain of events that led to Burnley targeting Gibson HERE.
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Best of luck to Alex Pattison, who has joined Yeovil on loan for the season.
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The 20-year-old spent some time at York last term and will now hopefully benefit from regular football with the League Two Glovers.
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Lewis Wing spent the second half of last season with Yeovil.
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Fresh Luke Freeman reports emerging this morning on what is turning into a very busy day.
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Sky man Keith Downie says Boro are ‘in talks’ with QPR over a move for the attacking midfielder.
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Freeman has been on Boro’s radar throughout the summer, with a number of other clubs obviously keen.
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Rangers owner Tony Fernandes insisted on Twitter earlier this week that Freeman is “not for sale”.
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Are Boro about to put that to the test?
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James Morrison is staying at West Brom.
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The former Boro man has agreed a new contract at the Hawthorns and has signed a one-year deal with a further 12-month option in his favour.
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Morrison has spent pre-season training and playing for the Baggies, trying to convince Darren Moore he should get a new deal.
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The Baggies start their season at home to Bolton tomorrow afternoon.
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This from Sky Sports man Keith Downie.
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The club have posted the video of the broadcast section of the press conference.
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Dyche was quizzed on the Gibson interest last night after Burnley’s Europa League win over Aberdeen but wasn’t giving anything away.
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“There’s been activity for ages, just as it gets closer, your job is to make as many stories as you can about alleged activity, that’s just the way it is,” he told the Burnley Express.
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“It’s my job to say nothing.
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“We’re in the market for lots of different people in different positions. You’ve seen we haven’t got a massive squad, quite obviously tonight, and with all due respect to Dwight McNeil, who is doing fantastic, and he deserves it - but we still need layers as there will be more games coming.
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Pulis also spoke at length about Ben Gibson this morning, saying he wouldn’t stand in the defender’s way of a Premier League move.
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He also revealed Sean Dyche had called him personally about the approach.
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