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Yes, the IRS wants you to report stolen items - unless you return them

Published Fri, 22 Nov 2024 04:02:32 GMT

(NEXSTAR) - If you haven't filed your taxes yet this year - you have less than a month until the April 18 deadline - which means you still have time to report your income. While doing so, don't forget to report income you collected from illegal activity or profits from items you stole. Yes, you read that right. IRS guidelines say you must include in your income money made from illegal activities, like dealing illegal drugs or thievery. According to the IRS's Publication 17, "income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Schedule 1 (Form 1040), line 8z, or on Schedule C (Form 1040) if from your self-employment activity." When will I get my tax refund? When it comes to reporting stolen property, you'll need to report the item's (or items') fair market value - unless you return the item in the same year. The guideline is sometimes referred to as "the Al Capone rule," Mark Steber, Chief Tax Information Officer at Jackson H...

Man in 20s shot, killed in southeast Austin; city's 6th homicide in 10 days

Published Fri, 22 Nov 2024 04:02:32 GMT

AUSTIN (KXAN) -- A man died Thursday night after he was shot multiple times at an apartment complex in southeast Austin. A 911 "shots fired" call came in at 10:43 p.m. from the Woodway Square apartment complex on Teri Road, according to the Austin Police Department. Police said medical treatment was administered, but the man was pronounced dead on the scene at 11:09 p.m.Homicide detectives started investigating the case Thursday night. Police said there was a relationship between the victim and suspect, and this was an isolated incident. A male person of interest was detained and questioned. MAP: Where have Austin’s homicides occurred in 2023? This is being investigated as the 21st homicide of the year, and 6th in ten days.

Volunteers needed in Alzheimer's research that could spot disease decades before

Published Fri, 22 Nov 2024 04:02:32 GMT

WASHINGTON, D.C. (KXAN) -- The number of Americans living with Alzheimer’s disease is expected to double in the next two decades, according to new findings by the Alzheimer’s Association.The report warns Alzheimer's disease and other dementias are expected to increase from 6.7 million today to nearly 13 million by 2050.An experimental drug aims to change that outlook.“It is now possible to identify individuals at risk of developing dementia 20 years before symptoms,” said Dr. Thomas Obisesan of Howard University.Howard University is part of the 75 academic centers across the nation asking people between 55 to 80 years old without memory loss to take part in the AHEAD study, funded by the National Institutes of Health.The trial is testing a newly FDA approved investigational drug called Lecanemab, which aims to identify a protein in the brain called “amyloid” that builds up in people who go on to have memory problems because of Alzheimer’s disease.“That's why the AHEAD study is so cr...

Presser on former Doane Stuart building fire

Published Fri, 22 Nov 2024 04:02:32 GMT

ALBANY, N.Y. (NEWS10) - Officials from Albany speak on the fire at the former Doane Stuart building. Mayor Kathy Sheehan called the incident and "devastating fire" and went on to say the building holds significant meaning to many members of the community. The mayor said that the city was hoping the building could be revitalized. She also said the fire is under investigation at this time. Get the latest, news, weather, sports and community events delivered right to your inbox! Albany Fire Chief Joseph Gregory said the original call came in at 6:26 p.m. on Thursday and crews were at the former school by 6:33 p.m. When crews arrived the building was already burning throughout the structure. The chief said just moments after firefighters arrived the steeple collapsed into the building.There were a total of 24 units and 51 firefighters on the scene to battle the blaze. Luckily, no one was injured while fighting the fire. The chief said the fire was finally under control around 10:30 p....

New tuxedo shop gets fancy in Lake George

Published Fri, 22 Nov 2024 04:02:32 GMT

LAKE GEORGE, N.Y. (NEWS10) - A new shop in the village of Lake George is looking to keep visitors well-dressed, whether local or paying the lake a visit. This week, tuxedo and suit business "Stay in Tux" opened a new location on Route 9N in the town of Lake George. Get the latest, news, weather, sports and community events delivered right to your inbox! The ribbon was cut on Thursday at Stay in Tux's new location at 2315 Route 9N. Owners Cheryl and Todd Smith purchased the business under a previous name in the summer of 2021, rebranding it and getting it all dressed up for a move. That shift to Lake George started in late 2022, and the owners bring a history in wedding attire to the location.“I love weddings and being a small part of someone's special day, said Cheryl Smith. "I believe I have trained my whole life for this and just needed the chance to do something with all of my training."The business offers tuxedos, suits, and accessories ready for proms, weddings and other form...

Ease your hunger at Montgomery County restaurant week

Published Fri, 22 Nov 2024 04:02:32 GMT

MONTGOMERY COUNTY, N.Y. (NEWS10) -- Hope you're hungry in Montgomery County. The county's restaurant week named, "Take a Bite of Montgomery," is coming up on March 27 where residents can get some good eats. Get the latest, news, weather, sports and community events delivered right to your inbox! Residents can take advantage of week-long specials and popular dishes at restaurants, bakeries and other eateries from March 27 through April 2. Check out the list below of participating locations.Bosco's Family Restaurant and Bar, 165 Division Street, AmsterdamThe Bridge Street Diner, 10 Bridge Street, Suite 1, Saint JohnsvilleEisenadler Brauhaus, 88 East Main Street, NellistonErie Station Bar and Grill, 7 Canal Street, Fort PlainEuropa Cafe, 319 Forest Avenue, AmsterdamGreenview Restaurant, 152 Gold Club Road, CanajoharieHighwheeler Coffee, 84 Canal Street, Fort PlainHummingbird Hills Winery, 1442 Burtonville Road, FultonvilleIroquois Lanes, 192 Erie Boulevard, CanajoharieLombardo’s Pizz...

Red Cross blood drive at Aviation Mall next week

Published Fri, 22 Nov 2024 04:02:32 GMT

QUEENSBURY, N.Y. (NEWS10) - The Aviation Mall in Queensbury is set to host a blood drive next Tuesday, to help the American Red Cross of Northeastern New York with blood supply. The drive is set for Tuesday, March 28, from 1-6 p.m. across from Regal Cinema inside the mall. Get the latest, news, weather, sports and community events delivered right to your inbox! Through the month of March, the American Red Cross is offering special gifts to donors. Everyone who donates blood in March will be gifted a $10 prepaid Visa card by email, and be entered to win one of five $3,000 Visa gift cards.All blood types are welcome. Donors can sign up online using sponsor code AVIATIONMALLNY, or by phone call to 1-800-REDCROSS. Warren County collecting hazardous waste Every year, the month of March has some extra importance for the American Red Cross. President Joe Biden has declared the month as Red Cross Month, a proclamation echoing back first to President Franklin Delano Roosevelt.

FOX 2 tip helps crews rescue dog stranded near East St. Louis highway

Published Fri, 22 Nov 2024 04:02:32 GMT

EAST ST. LOUIS Ill. - On Wednesday morning, FOX 2 warned you about a dog on the highway at the I-64 and I-55/70 split in East St. Louis. We reached out to Gateway Pet Guardians and, with the help of IDOT, they were thankfully able to rescue that dog. Jill Henke, Gateways Pet Guardians Operations Director, joined us Friday morning to talk about the rescue efforts. Henke says the tip was directed to their manager Sara and provided just enough information to assist. Trending: Missouri’s top barbecue joint is in St. Louis, according to Yelp "She happened to see some IDOT folks pulled over on the median on the busy highway," said Henke. "They pointed her in the direction of the dog. They indicated the dog had been there since Sunday, and had been going in and out of highways. We were luckily able to get here to safety very quickly." Rescue crews have now given the dog a nickname of "Big Bertha." She weighed more than 100 pounds. And it was challenging for Bertha to find her bearings a...

Upgrades proposed for Alton's Piasa Park

Published Fri, 22 Nov 2024 04:02:32 GMT

ALTON, Ill. - A modern-day painting of the Piasa Bird welcomes people to Alton, Illinois at the edge of the Mississippi River. Some upgrades could soon move forward around it to improve the visitor experience. The Great Rivers and Routes Tourism Bureau of Southwest Illinois announced Friday that the Alton Riverfront Advisory Commission will consider plans for the redevelopment of Alton’s Piasa Park. The much-anticipated project calls for the redesign and redevelopment of the park, in addition to a new state-of-the-art Byway Discovery Center. One proposal for redesign hopes for more landscaping, water retention ponds, parking improvement, outdoor gathering areas, interpretive panels and kiosks, and a new Piasa Bird observation deck. The advisory commission will review the proposal on March 28 from 2-3 p.m. The meeting is also open to the public and feedback on the plans is welcome. The Great Rivers and Routes Tourism Bureau is managing all aspects of the project, from design to imple...

K-9 tears off suspected car thief's sweater after police chase in Ventura, Los Angeles counties

Published Fri, 22 Nov 2024 04:02:32 GMT

A pursuit involving a suspected car thief came to a bizarre end in Sherman Oaks Thursday night when the driver refused to surrender after police executed a successful PIT maneuver.Authorities say the car was stolen from a liquor store in the Moorpark area. When California Highway Patrol officers tried to pull over the female suspect, they say she sped off, leading authorities on a chase.The driver ran through red lights before parking momentarily at a Ralph's grocery store, but then she took off again, driving on the South 101 Freeway, authorities said.Authorities pursued a stolen vehicle out of Ventura County on March 23, 2023. (KTLA)Authorities pursued a stolen vehicle out of Ventura County on March 23, 2023. (KTLA)Authorities pursued a stolen vehicle out of Ventura County on March 23, 2023. (KTLA)Authorities pursued a stolen vehicle out of Ventura County on March 23, 2023. (KTLA)Authorities pursued a stolen vehicle out of Ventura County on March 23, 2023. (KTLA)Authorities pursue...