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How a tax extension can delay your business loan application

Published Fri, 07 Feb 2025 12:03:23 GMT

About 19 million individuals and businesses filed for an extension on their tax returns last year, many due to unexpected circumstances such as IRS backlog delays. No matter the reason, filing for an extension only gives you more time to file, not to pay, which can put you at risk of overpayment, or hefty late payment fees if you underpay based on your estimation.In addition to these risks, filing for a tax extension can also affect a business’s ability to get financing. If you’re planning to apply for a business loan this year, understand the impact an extension could have so you can keep your finances on track.How tax returns factor into business loan applicationsWhile every institution is different, most traditional lenders and banks look at profit and debt service coverage ratio, or DSCR, as key factors in determining a business’s ability to repay a loan. Profit is revenue minus expenses, while DSCR speaks to a business’s ability to take on new debt while covering current debt o...

The California state parks among those everyone should visit in their lifetime: Yelp

Published Fri, 07 Feb 2025 12:03:23 GMT

SAN DIEGO -- With warmer weather finally here, it's time to get outside and there's no better place to do that than in California.The Golden State has the most parkland between national and state lands in the country, with 279 individual parks spanning hundreds of thousands of acres.From desert badlands and mountain peaks to coastal bluffs and lush forests, there are so many natural wonders to see. For anyone looking to narrow the options of places to visit this spring, Yelp has compiled a list of state parks that everyone should visit in their lifetime and five are right here in California: Anza-Borrego, Wilder Ranch, Montaña de Oro, Henry Cowell Redwoods and Pfeiffer Big Sur.The full list from Yelp, including parks from almost all the 50 states, can be found here.Anza-Borrego State Park in San DiegoAnza-Borrego State Park, right on the edge of eastern San Diego County, showcases the wonders of the California desert. Named after Spanish explorer, Juan Bautista de Anza, the par...

California State Capitol building evacuated due to 'credible threat'

Published Fri, 07 Feb 2025 12:03:23 GMT

(KTXL) -- The California State Capitol building in downtown Sacramento was temporarily evacuated Thursday morning, according to a FOX40 News team at the building and an internal letter shared with legislators and legislative staff that advised about a 'credible threat.'A little more than an hour after the initial evacuation, legislators and their staffers were able to enter the building once again around 10 a.m.“The California Highway Patrol has notified the Senate of a threat they consider to be credible involving the Capitol,” says a letter that was sent to state senators and senate staff. During the evacuation, legislators and staff were asked to remain home and work remotely. Senators and staffers already at the Capitol were asked to remain in place."CHP and security partners are present in higher numbers in the Capitol area, and are alert of the situation," the letter said. While the Capitol itself was evacuated, the grounds around the building appeared relatively calm, wi...

Whitmer signs stricter gun background check, storage bills

Published Fri, 07 Feb 2025 12:03:23 GMT

EAST LANSING, Mich. (AP) — Anyone who wants to buy a gun in Michigan will have to undergo a background check, and gun owners will be required to safely store all firearms and ammunition when around minors under new laws signed Thursday by Gov. Gretchen Whitmer.The signing took place on the Michigan State University campus in East Lansing, where a gunman killed three students and injured five others two months ago. Flanked by students and gun safety advocates, Whitmer, a graduate of MSU, told the more than 100 people in attendance to “buckle up, we’re going to continue this work.”“Gun violence is a scourge that is unique to this country,” Whitmer said. “We don’t have to live like this and today, we are showing we are not going to anymore.”The legislation is part of a sweeping 11-bill gun safety package that was introduced in the weeks following the MSU shooting but was predominately drafted after the 2021 Oxford High School shooting in which four students were killed. The bills saw l...

Emotions high at French protests over Macron’s pension plan

Published Fri, 07 Feb 2025 12:03:23 GMT

PARIS (AP) — Protesters opposing President Emmanuel Macron’s unpopular plan to raise the retirement age to 64 marched Thursday in cities and towns around France, in a final show of anger before a crucial decision on whether the measure meets constitutional standards.Demonstrators targeted the Central Bank offices in Paris and briefly invaded the headquarters of luxury conglomerate LVMH — but their attention increasingly centered on the Constitutional Council, which is to decide Friday whether to nix any or all parts of the legislation.Activists dumped bags of garbage outside the council’s columned façade in the morning. Later, another crowd holding flares faced off with a large contingent of riot police that rushed to protect the building.Paris police banned all gatherings outside the council from Thursday evening through Saturday morning, in an attempt to reduce pressure on the council members as they make their decision.The number of protesters in cities nationwide Thursday ...

Hundreds of thousands of dimes stolen from parked truck

Published Fri, 07 Feb 2025 12:03:23 GMT

PHILADELPHIA (AP) — A truck containing hundreds of thousands of dollars worth of dimes was broken into while it was parked overnight at a Philadelphia store, and authorities say the thieves apparently made off with at least $100,000.The theft was reported around 6 a.m. Thursday. The tractor-trailer driver had picked up about $750,000 in dimes from the Philadelphia Mint on Wednesday, authorities said, and was planning to transport them to Florida on Thursday.It’s not clear how many people may have been involved in the theft or if they knew what the truck contained. Responding police officers found hundreds of dimes scattered all over the parking lot, and authorities were still trying to determine how much money was stolen.No arrests have been made.The Associated Press

Navy veteran who stormed Capitol gets 3 years on gun charges

Published Fri, 07 Feb 2025 12:03:23 GMT

ALEXANDRIA, Va. (AP) — A former Navy reservist who stormed the U.S. Capitol on Jan. 6, 2021, and expressed admiration for Adolf Hitler was sentenced Thursday to three years in prison on firearms charges. The sentence U.S. District Judge Michael Nachmanoff imposed for Hatchet Speed in federal court in Alexandria was just five months less than the term sought by federal prosecutors and much longer than the one-year term sought by Speed’s lawyers.Speed, 41, of McLean, is a military veteran who held top-secret clearances while working for a defense contractor.The gun charges against him in Virginia are separate from charges brought in Washington, D.C., for obstructing an official proceeding, the Jan. 6 joint session of Congress for certifying the Electoral College vote. He will sentenced on those charges next month; sentencing guidelines in that case call for a term of nearly five to six years.Speed’s lawyers asked the judge not to be prejudiced against him because of his in...

With ‘Camelot,’ a legendary fight director exits the fray

Published Fri, 07 Feb 2025 12:03:23 GMT

NEW YORK (AP) — In a hushed and empty Broadway theater, two men appear onstage in street clothes, each wielding fearsome-looking broad swords. One lunges at the other, who quickly strikes back. They exchange a flurry of slices and counter-slices, with the screech of metal on metal.Watching it with a smile is B.H. Barry, the legendary fight director who is choreographing this clash for a lush new revival of “Camelot” at Lincoln Center Theater. An hour before every show, he leads the actors through their movements, like a conductor with an orchestra of lethal instruments.“I’m having fun,” he says. “It’s back to being an acting scene and not a fight scene, which is what you want. Ideally, I want it to be when the audience doesn’t know what I’ve started and what I’ve finished.”The fight scene he created for “Camelot” is pure poetry, a mix of muscle, humor, ballet, pride and aluminum swords. There are actually three mini-fights, with escalating levels of intensity, until the ...

Missouri man freed from prison after 40 years files lawsuit

Published Fri, 07 Feb 2025 12:03:23 GMT

KANSAS CITY, Mo. (AP) — A Missouri man who spent more than 40 years in prison for a triple murder he did not commit alleges in a lawsuit that Kansas City police conducted a reckless investigation that led to his conviction.Kevin Strickland, 63, filed a lawsuit Tuesday in Jackson County Court against the Kansas City Police Board of Commissioners, which oversees the police department, and five officers who have retired.Strickland alleges that officers attributed false statements to him during the investigation and pressured the only eyewitness to the murders to identify him as the killer, The Kansas City Star reported.The Kansas City Police Department said it does not comment on pending lawsuits. Strickland was released from prison in November 2021 after a judge ruled he was wrongfully convicted of killing three people in Kansas City in 1978. That decision followed a hearing held after Jackson County prosecutors said a review of the case led them to believe Strickland was innocent. St...

Earthquake off B.C. coast measuring 6 little felt, no tsunami expected

Published Fri, 07 Feb 2025 12:03:23 GMT

VANCOUVER — An earthquake measuring 6 has shaken the seabed a few hundred kilometres off Vancouver Island.The National Tsunami Warning Center in Alaska says a dangerous wave is not expected from the quake.  The U.S. Geological Survey website shows the quake was only lightly felt in areas ranging from Port Hardy, just over 200 kilometres from the epicentre, to Kitimat, more than 500 kilometres away.Earthquakes Canada estimated the quake that happened at about 8 a.m. local time was magnitude 5.8, while the tsunami warning centre said it reached 6.2. The earthquake was centred along the eastern edge of the Juan de Fuca plate off Vancouver Island. Quakes are common off British Columbia’s coast, although not usually of this size, as movement from several different plates and subduction zones set off thousands of temblors every year.The U.S. Geological Survey says this quake was also felt along the American northwest coast from Washington state to as far south as Corona, Calif., alm...