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Don’t want to file your tax return on April 15? Here’s what to do

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Jennifer Streaks

The tax filing deadline is at all times April 15, but when life gets in the way in which, there is no need to panic.

If you are not in trouble yet, your taxes are due on April 15, which is just a couple of days away. As you almost certainly already know, preparing to file your tax return can take a whole lot of effort and time, which suggests getting it done will probably be an enormous relief for a lot of. However, when you are fighting time and are unsuccessful, chances are you’ll need other options.

Even though we settle our accounts yearly, loads can change in the course of the 12 months. Maybe you purchased or sold a house, got married, divorced or had a baby. Perhaps your income has increased significantly or you’ve began a business. Whatever it’s, life is coming to life and chances are you’ll just need a minute or two to catch up on your taxes.

So when you didn’t get all the pieces together in time to file your tax return on April 15, what are you able to do and what happens when you don’t file your tax return by April 15? First, the legality of all of it: taxes are still due on April 15. The only thing that changes is that if the fifteenth falls on a weekend or conflicts with a vacation; you then normally have until 5 p.m. Apart from these circumstances, since 1955 the filing deadline has been April 15, so one of the best thing you may do is get your taxes paid on time.

However, as mentioned earlier, life happens. So when you cannot file your tax return by April 15, here’s what you may do:

First, ignore the tendency to do nothing. So many individuals do this as a part of the IRS assessing billions in penalties for failing to file tax returns on time. This is something you may ignore or cope with when you’ve time. Failure to file anything could actually cost you extra money than chances are you’ll ultimately owe.

Instead of doing nothing, apply for an extension. You can fold IRS Form 4868, a free and penalty-free document that taxpayers can file with the IRS in the event that they need more time to file their individual federal tax returns. By filing for an automatic deadline extension, you will have a further six months – or until October 15 – to receive your tax return. However, the deadline to file Form 4868 stays the identical: tax day, April 15. If you let this deadline pass, so does your probability for an extension – and any returns filed after April 15 without Form 4868 will probably be considered late and can due to this fact incur a late filing penalty.

Bottom line: It’s higher to file for an extension than to file nothing and suffer penalties. Even as a financial expert who is incredibly aware of tax deadlines and potential liabilities, I filed Form 4868 myself. There was a 12 months once I moved and lost my W2; I needed time to settle in and eventually went to Taxpayer advocate service to obtain a replica of my earnings and tax certificate (yes – because I’m an adult). It may not have been fun, but I used to be able to file for the extension after which file an accurate tax return by October fifteenth.

Now that we have covered how to file an extension, please note the important caveat: an extension to file your tax return is an extension of the deadline to pay taxes owed. Some people think it’s higher to wait to file their tax return until they’ve the cash to pay the taxes they owe, but that is not the case.

Taxes can turn into real debt. Typically, interest accrues on unpaid taxes from the date the refund is due until the debt is paid off – and depending on how long it takes, that might mean a monetary amount. In fact, the interest you accrue may amount to greater than you owe initially. The late payment penalty is frequently half of 1% for every month or a part of a month of unpaid tax, up to 25 percent.

With that in mind, even when you’re not ready to file an actual return, when you discover you truly owe, try to pay as much as you may upfront.

So when you’re not ready to file your taxes on Monday, don’t panic; most taxpayers can digitally file Form 4868 to request an automatic six-month tax filing extension. And note: While you do not have to provide a reason for requesting an extension, if your request is denied, the IRS will contact you directly to let you recognize why.

Once you apply for an extension, chances are you’ll be relieved to know that you have bought yourself a couple of extra months, but use that point correctly and ensure to file your return before the October 15 deadline. If you miss this extension deadline, no additional options will probably be available and costs and penalties will immediately begin to accumulate.

Happy assembling!


Jennifer Streaks is a senior personal finance reporter and spokeswoman for Business Insider and a financial specialist at theGrio. A nationally recognized expert on money and inexpensive lifestyles, Jennifer is a renowned financial columnist whose columns have appeared on CNBC, Forbes, ABC, MSNBC, CBS and more.

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HBCU GO, an Allen Media Group Company, Announces Partnership with P&G

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HBCU GO and P&G partnership, HBCU culture HBCU life, HBCU GO, HBCU GO Allen Media Group, HBCU GO Procter & Gamble, HBCU GO Byron Allen, HBCU football, theGrio.com

HBCU GO, an Allen Media Group company and leading media provider to the nation’s 107 Historically Black Colleges and Universities (HBCUs), and Procter & Gamble are joining forces to rejoice HBCU culture.

The partnership features a industrial campaign titled “THIS IS HOW WE HBCYOU” that may run through the 2024 football season. The partnership also includes the “2024 HBCU GO Sports Pre-Game Live Kick-Off Show,” the first-ever HBCU GO live on-campus show leading as much as the most important games of the season, including the Southern Heritage Classic on Saturday between Tennessee State and Arkansas Pine Bluff.

Eric Austin, Vice President of Global Marketing and Media Innovation at Procter & Gamble, said, “We strive to meet the unique needs of all consumers. Together with HBCU GO Allen Media Group, we are able to authentically connect and empower Black consumers—in their everyday lives, through great brand innovation at the right cultural moments.”

P&G’s #HowWeHBCYOU ad campaign, powered by AMG, highlights the importance of supporting HBCUs and their students to support their success and continued growth.

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The “2024 HBCU GO Sports Pre-Game Live Kick-Off Show,” hosted by Jasmine McKoy, former Carolina Panthers defensive end Tre Boston and HBCU Gameday’s Tolly Carr, will give fans of the 4 major HBCU football conferences live access to all of the interviews and game strategy, in addition to a taste of HBCU culture.

In addition to the Southern Classic on Saturday, the event schedule includes:

Oct. 12: Bethune Cookman vs. Alabama A&M, homecoming game;
Oct. 19: Arkansas Pine Bluff vs. Grambling State, return game;
Oct. 26: Jackson State vs. Bethune Cookman, homecoming game;
November 9: Mississippi Valley vs. Jackson State.

For more details about HBCU GO, visit HBCUGO.TV.

This article was originally published on : thegrio.com
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Pioneering author and publisher Tina McElroy Ansa dies at age 74

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Tina McElroy Ansa, Tina McElroy Ansa death, Who was Tina McElroy Ansa?, Tina McElroy Ansa writer, Tina McElroy Ansa author, Didi Tina McElroy Ansa die?, Tina McElroy Ansa books, Tina McElroy Ansa obituary theGrio.com

Tina McElroy Ansa, an acclaimed author, journalist, and pioneer whose vivid narrative captured the sweetness, complexity, and resilience of life within the black South, has joined her ancestors.

On September 10, 2024, the author died at the age of 74 in her home on the Georgia coast. After her unexpected death, McElroy Ansa’s good friend Wanda Lloyd, whom she met during her freshman 12 months at Spelman College, wrote Facebook post announcing the news.

“It is with immeasurable sadness and a broken heart that I share the news of the death of Tina McElroy Ansa, my sister-friend since we were paired as roommates our freshman year at Spelman College. I am sharing this on behalf of Tina’s family,” the post reads. “Tina was an award-winning novelist, journalist, writer-doula, advocate for a huge number of her “good little students,” founding father of Sea Island Writers Retreat, publisher of DownSouth Press, storyteller, public speaker, podcaster, editor, and avid gardener. She was an advocate for her adopted community of St. Simons Island, Georgia, and loved her hometown of Macon, Georgia.”

Born in Macon, Georgia, in 1949, McElroy Ansa was the youngest of 5 children of Walter J. and Nellie McElroy. In 1971, she and Lloyd graduated with a level in English from an all-women’s HBCU. She began her storytelling profession as an editor at The Atlanta Constitution, where she became the primary black woman to affix the editorial staff of the publication. After moving from editor to reporter to features editor, McElroy Ansa took a break from journalism to put in writing her first novel, “Baby of the Family.”

Inspired by the stories and experiences she heard on her porch growing up, McElroy Ansa’s writing wove generations of family, spirit, and tradition into narratives that spoke on to the essence of the Black Southern experience. Through her sharp prose and deep exploration of family, culture, and community, she helped shape a brand new narrative for Black women in fiction.

“She was one of the women writing African-American literature in the 1980s and 1990s,” Lloyd said. Atlanta Journal-Constitution.

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After her debut novel won the New York Times Notable Book of the Year award in 1989, McElroy Ansa wrote Ugly Ways, The Hand I Fan With, You Know Better, and Taking After Mudear: A (*74*). In addition to her own writing, the veteran journalist-turned-author was captivated with supporting other black writers. In 2007, she founded DownSouth Press Publishing House to publish and promote “African American literature that will enrich, enlighten, and edify the world.”

Similarly, in 2004, McElroy Ansa organized the Sea Island Writers Retreat, an annual event designed to assist emerging and established writers improve their skills in writing fiction, nonfiction, memoir, and editing.

In addition to being a author, publisher and mentor, McElroy Ansa was also a wife. In 1979, she married cinematographer Jonée Ansa, with whom she lived until his death in 2020. Before her death, McElroy Ansa was reportedly working on her sixth novel, a nonfiction book titled “Secrets of a Bogart Queen” and an October film festival celebrating the a hundredth anniversary of the Harrington School, the primary school for African-American children in St. Simons, Georgia.

According to Lloyd McElroy, Ansa “was a leader in the writing community and a friend to more people than we can imagine.”

This article was originally published on : thegrio.com
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Shannon Sharpe tries to clear the air after ‘intimate’ Instagram Live

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It was an ungainly day at the Shay Shay Club.

Yesterday, NFL player turned TV personality Shannon Sharpe went viral after 1000’s of his Instagram followers overheard him having sex on Instagram Live. After unknowingly broadcasting the intimate moment on social media, Sharpe addressed the situation in “emergency” episode of his show “Nightcap” with Chad “Ochocinco” Johnson. Starting the episode on a light-weight note, Sharpe followed his usual intro, “I’m your favorite uncle,” with “at least I used to be your favorite uncle,” jokingly acknowledging what happened on social media.

“Of course I’m ashamed,” Sharpe said, his tone more serious. “(I’m) someone who is extremely, extremely private, and the fact that one of your most intimate details, the sound of it being heard by the whole world, makes me ashamed for many reasons.”

Acknowledging his responsibility as a public figure related to major brands like ESPN and as a father, Sharpe explained how disillusioned he was with himself for what had happened.

“Even when I’m behind closed doors, I still try to maintain a level of professionalism (decorum), even though I’m in the privacy of my own home and I’m very disappointed in myself, not because of the act — there are millions and billions of age-conscious people who participate in the acts. But for your most intimate details to be heard on an audio recording … I’ve let a lot of people down,” he added.

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Despite speculation on social media about the ordeal, Sharpe insisted that “it wasn’t a set up.” According to the “Nightcap” co-host, he threw his phone on the bed before engaging in the revealing actions, not even realizing that his phone had gone live to tell the tale Instagram. It wasn’t until his phone began lighting up with calls from friends that Sharpe realized something had happened.

“I’ve never been on IG Live; I’ve never been on IG Live, so I don’t know how it works,” he claimed, explaining how his friend Jamie Fritz was the one who reached out to him and told him what was occurring. “He said, ‘Uh Shannon, you’re on IG Live.’ (…) Now I’m starting to get nervous because you’re calling me and saying I’m on IG Live when I know I didn’t click on IG Live myself, and he said they can hear me. I said, ‘They can hear what I’m doing,’ (and he said), he said, ‘it sounds like you guys are having sex,'” Sharpe recounted. “Man, my heart just sank… it sank.”

When his social media team responded by turning off the live stream and posting a now-deleted Instagram post saying the star’s account had been compromised, Sharpe ultimately decided honesty was the best policy.

“I called my agency, I called ESPN (and) I said, ‘I just have to tell them the truth. My phone wasn’t hacked. It wasn’t a joke; I was a healthy, active man,'” he said.

While his co-hosts joked that the situation should put an end to any speculation about Sharpe’s sexual orientation, he himself stated that the worst aspect of the situation is the proven fact that his family and friends could have to answer for his actions.

“After it happened, I remembered everything my grandfather and grandmother had said. They said, ‘Boy, you’ve made a mess, now clean it up,'” he concluded.

This article was originally published on : thegrio.com
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