0Shares0000AC Milan’s players celebrate after winning the Italian Serie A match against Crotone on December 4, 2016 at the ‘San Siro Stadium’ in Milan © AFP/File / Marco BertorelloMilan, Italy, Dec 7 – The sale of Italian giants AC Milan has been pushed back three months to March after a request by the Chinese consortium which is taking over the seven-time European champions.Milan owner Silvio Berlusconi and Sino-Europe Sports (SES) had agreed a date of December 13 for the conclusion of a deal that valued the club at 740 million euros (then $825.4 million) and will see Milan join city rivals Inter in falling under Chinese ownership. On Wednesday SES and Berlusconi’s holding company Fininvest agreed on a new date of March 3 following a request by the Chinese consortium, which has already made a first down payment of 100m euros to buy the Serie A giants.Another instalment of 100m will be paid to Fininvest by December 12, according to a joint statement released by the parties, with the conclusion of the deal set for March 3.A statement issued by Fininvest said: “Fininvest and Sino-Europe Sports have added an agreement which foresees the conclusion of the sale of AC Milan on March 3.“The agreement, approved by the administrative board of Fininvest, provides for Sino-Europe Sports to pay a second instalment of 100m euros to Fininvest by December 12.“The agreement on the extension, which was requested by SES, reiterates that the methods of AC Milan’s business operations until the closing date will continue to be based on the principle of shared interests.”0Shares0000(Visited 1 times, 1 visits today)
Children who are swimming should be watched at all times. Homes with pools and spas should have fences surrounding them with self-closing and self-latching gates. For bike and skateboard safety, helmets should fit snugly and all traffic laws should be obeyed. Equipment should also be maintained. For more information on public health, visit www.lapublichealth.org or call (213) 240-8144. School district to hold meeting SANTA FE SPRINGS – The Little Lake City School District will hold its regular board meeting at 6 p.m. Tuesday at the district office, 10515S. Pioneer Blvd. The meeting will feature a presentation by Lakeview Elementary School Principal Patricia Diaz and the presentation of a scholarship in honor of retiring Assistant Superintendent Martha Maya to a former student and Santa Fe High graduate. For more information, call the district at (562) 868-8241. High school awards legacy scholarships WHITTIER – Five California High School students were awarded $250 Legacy Scholarships, established by the school’s Class of 1975 for graduating seniors who had at least one parent who also attended the high school. The scholarships went to Ashley Covarrubias (mother, Roxanne Ybarra Serrato); Tiffany Gulley (mother, Frances Gulley); Taylor Hays (mother, Debbie Stegman Hays); Stephanie Heckel (mother, Eileen Aspell Heckel); and Krystle Hosking (father, Wilson Hosking). All winners planned to attend a tech school, community college or four-year university in the fall. School sponsors food program MONTEBELLO – The Montebello Unified School District is sponsoring the Child and Adult Care Food Program for the 2007-08 school year. The program is available without charge to all enrolled children in the Head Start Program, though some enrolled children may have to complete an application form available at participating schools. Participants must meet income guidelines. Those on public assistance are automatically eligible for free meal benefits. To participate, a family of four cannot make more than $26,845 annually for free meals or $38,203 for reduced-price meals. For more information, contact Victoria Cheung, MUSD director of nutrition services, at (323) 887-7900, Ext. 7978. – From staff reports160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! LOS ANGELES – Public health officials are reminding local residents about the dangers of heat exposure this summer, and encourage the use of sunscreen, bike helmets and safe practices at beaches and swimming pools. Officials say in the past six months, there have been two deaths in cases where children were left in hot vehicles. As such, drivers are asked to check around their vehicles before exiting. A child, senior citizen or pet should never be left alone in a parked vehicle, even if the windows are open or cracked. Parked vehicles and trunks latches should be locked and secured to prevent children from playing and becoming trapped in an unattended vehicle. Residents should also drink plenty of water and other fluids but avoid alcohol. During the hottest time of day – from 10 a.m. to 4 p.m. – residents should try not to exercise outdoors, officials added. If outdoors, stay in the shade and use sunscreen with an SPF of at least 15 and reapply often, especially after going in the water or during extreme sweating. Newborns should be kept out of the sun. Sunscreen can be used on babies 6 months or older. Anyone who feels faint, dizzy or nauseated, or stops sweating in extremely hot weather, should get to a cool location and call 9-1-1.
1 Joey Barton Sean Dyche has confirmed Burnley are in talks over signing Joey Barton.The 32-year-old is a free agent having left Queens Park Rangers following their relegation from the Premier League.He had been close to joining West Ham earlier this month but a deal did not materialise after fans criticised the move for the midfielder.Now he could be set to come up against his former club QPR in the Championship, with the Clarets keen to lure him to Turf Moor.“It’s a possibility, that’s what I’d say,” Dyche told a press conference on Thursday.“There’s a lot of other suitors, it’s not as simple as that.“Joey’s someone I’ve spoken to for eight weeks. He’s someone who I know a little bit about. He knows about us, he’s always been very respectful of what we’ve tried to do here and what we’ve done here.”Barton, who has courted controversy throughout his career, was struck by a coke bottle thrown from the crowd when playing for QPR during a previous visit to Turf Moor in 2013.Dyche added: “The thing about Joey is what people sometimes forget because of other stuff is he’s a very good player and he has a lot of people who probably hold him in high regard as a very good player.“We’re not flippant enough with any situation to think that everyone just wants to come to Burnley because we ask them to. This is something that’s been going on for a while.“No other reason than his thinking, our thinking, a bit of both. All parties have to be happy in the situation, that’s for sure.”
Tottenham are considering another bid to sign Schalke star Max Meyer in January, according to reports in Germany.Spurs were tracking the attacking midfielder during the summer but were unable to get a deal over the line.Since the move collapsed, Meyer has continued to impress for Schalke despite the club struggling in the bottom half of the Bundesliga.And now, according to German magazine Sport Bild, Tottenham are ready to go back in for the playmaker in the upcoming transfer window.Spurs boss Mauricio Pochettino reportedly wants to add to his attacking options when the market reopens and he has earmarked the 21-year-old as a top target.Schalke, however, are very reluctant to part with their star midfielder and value him at between £30m – £40m. Schalke star Max Meyer 1
DUBLIN, Calif. – Audra Schmierer’s Social Security number really gets around. It has been used by at least 81 people in 17 states, most of them probably illegal immigrants trying to get work. The federal government took years to discover the number was being used illegally, but authorities took little action even then. “They knew what was happening but wouldn’t do anything,” said Schmierer, 33, a housewife in this affluent San Francisco suburb. “One name, one number; why can’t they just match it up?” Her case is an example of an increasingly common problem: Many thieves are able to steal personal information because employers do not have to verify Social Security numbers or other documents submitted by job seekers. The information on mismatched names is seldom shared with law enforcement agencies. Schmierer realized she had a problem in February 2005, when she got a statement from the IRS saying she owed $15,813 in back taxes – even though she had not worked since her son was born in 2000. Perhaps even more surprising, the taxes were due from jobs in Texas. Schmierer called the IRS and learned that numerous people were using her Social Security number. Officials said the erroneous balances would be eliminated, but the agency would have to correct the problem again in future years. “They told me they couldn’t do anything else,” Schmierer said. IRS officials declined to talk about Schmierer’s case, citing privacy laws. Schmierer has done a little investigating of her own, combing through tax bills sent to her for names and locations of employers who hired people using her number. She has also obtained more than 200 W-2 and 1099 tax forms that contained her Social Security number but different names. Schmierer provided copies of the records to The Associated Press. People used her Social Security number from Florida to Washington state, at construction sites, fast-food restaurants and even major high-tech companies. Some opened bank accounts using the number. Most of the people worked multiple jobs in the same year, though some remained at the same company for several years. The top wage earner made $39,465, but most reported income of less than $15,000. Though impossible to verify in every case, information gleaned from criminal investigations, tax documents and other sources suggested that most of the users were probably illegal immigrants. Schmierer filed a police report after learning one man had used her information in 2003 at janitorial and landscaping companies near Haltom City, Texas. Investigators found the man, who told officers he had bought a fake Social Security card at a flea market, according to a police report. He was not arrested. Schmierer tracked down other people, finding that her number had been used to get work but not to access her credit card or bank accounts. What started as a hassle turned into a major headache earlier this year when she sought work through a temporary agency that learned her Social Security number had been used by a woman in Texas two years earlier. The agency could not hire Schmierer for more than a month while the situation was clarified. “How do you prove that you are you?” Schmierer said. “It’s like you are guilty until proven innocent.” While returning from a trip to Mexico with her husband last year, Schmierer was detained for four hours in a Dallas airport by immigration officials. The reason: a woman using her Social Security number was wanted for a felony. Schmierer never determined how her number became so widely used. Sellers of fake documents often make up numbers and use them repeatedly. Schmierer’s number became so compromised that Social Security officials finally took a rare step used only in extreme cases: They gave her a new one. Schmierer hopes that will end her frustrations, but she suspects her old number will continue to be misused. “It’s clear to me that because my number has been used for so long, it’s not going to stop,” she said.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MORE11 theater productions to see in Southern California this week, Dec. 27-Jan. 2The situation has long drawn fire from anti-illegal-immigration groups, but Congress has only recently moved to fix it. Both the House and Senate have passed immigration-reform bills that call for employers to verify Social Security numbers in a national database. Homeland Security officials have taken it a step further, calling on Congress to allow the Social Security Administration to share information with immigration-enforcement agents at work sites. Under current law, if the Social Security Administration or the Internal Revenue Service find multiple people using the same Social Security number, the agencies send letters informing employers of possible errors. The IRS fines employers $50 for each duplicate number, a punishment that companies often dismiss as just another cost of doing business. “Sending letters is the limit to what can be done,” Social Security spokesman Lowell Kepke said. “We expect that will be able to fix any records that are incorrect.”
Chelsea will capitalise on an Arsenal side beset by problems and prove their title credentials this Sunday, according to Blues legend Gus Poyet.The Gunners endured a late night after Cologne fans went on the rampage at the Emirates and could find themselves seven points off the top of the table if they lose on Sunday – a match you can hear live on talkSPORT. Poyet has just resigned from his role as boss of Shanghai Shenhua in the Chinese Super League, but sees enough quality in his former club to see off the Gunners.He told the Alan Brazil Sports Breakfast: “There are no guarantees, we saw in that match with Burnley, with the sending offs, it’s difficult to predict exactly what will happen.“But Chelsea are stronger now, Arsenal have too many issues, too many problems, we saw that in the game yesterday (against Cologne).“The fans aren’t happy, it’s coming to a point now where it’s difficult for the players to perform.“This is a great opportunity for Chelsea to prove they can go on and win the league again this season.”
That was followed by a season at Palermo where he won promotion and a move to Norwich where he failed to hold down a first team place and was loaned to Caykur Rizespor and then Birmingham City.Last summer, he was courted by both Hibs and Hearts before signing with the Tynecastle club on a two-year deal.The 30-year-old scored 12 goals in 35 games last season. Hearts have rejected a bid from Rangers for striker Kyle Lafferty, STV can reveal.We understand the bid was £200,000, which falls substantially short of the Edinburgh club’s valuation of the player, who is in the final year of his contract.The Ibrox club are looking to bolster their attacking options and identified Lafferty as a target before making their approach on Thursday.Rangers chairman Dave King told STV earlier this week that he anticipated two more new signings and with Kean Bryan expected to join from Manchester City, it appears that Lafferty was intended to be the final piece of the jigsaw. New Rangers boss Steven Gerrard was frustrated by his side’s lack of cutting edge in the Europa League tie against FK Shkupi and the addition of Lafferty would give him more options up front.Roma forward Umar Sadiq has joined on loan and is working towards match fitness, with Alfredo Morelos scoring against Osijek on Thursday to make his claim for a starting spot. Lafferty played for Rangers between 2008 and 2012, enjoying the most successful spell of his career. Recruited from Burnley, he scored over 30 goals in the four-year spell and won three SPL titles and a Scottish Cup.Following the financial collapse at Ibrox in 2012, he exercised his right to become a free agent and then signed for Swiss side Sion.
By Paul LeckerSports ReporterSPENCER – For the fourth-straight season, the Spencer volleyball team lost a Cloverbelt Conference crossover match in five games, this time to Stanley-Boyd in the first-place matchup 3-2 on Thursday at Spencer High School.Stanley-Boyd won 25-19, 10-25, 25-22, 23-25, 16-14, to send Spencer to just its third loss of the season (33-3).Macie Weber had 12 kills and six blocks, Marisa Johnson added 10 kills and a team-high 30 digs, Courtney Buss had 26 digs and Brooke Kettleborough had 32 assists for Spencer.“Hopefully the loss lights a fire under us,” Spencer coach Buff Heller said. “We just made to many unforced errors against a really good team.”Spencer, the No. 1 seed in its portion of the Division 3 Sectional 2 bracket, hosts Lincoln in a regional quarterfinal Tuesday.(Hub City Times Sports Reporter Paul Lecker is also the publisher of MarshfieldAreaSports.com).
The IRS was not authorized under Code Sec. 6201(a)(4) to add underpayment interest or failure-to-pay penalties to a criminal restitution award. In addition, the IRS was not allowed to assess or collect underpayment interest or additions to tax without first determining the taxpayers’ civil tax liabilities.BackgroundThe taxpayers, a married couple, pleaded guilty to filing a false return. As part of their plea, they agreed to make full restitution for the losses caused by their four years of underreporting income. The taxpayers paid the full amount of restitution ordered along with all of the Title 18 statutory additions. Later, the IRS assessed not only the restitution they had been ordered to pay, but also underpayment interest and additions to tax for failure to pay an amount shown on a return. The IRS never conducted a civil audit of the couple or sent a deficiency notice.Interest, PenaltiesThe IRS argued that under Code Sec. 6201(a)(4) it was authorized to assess and collect restitution as if such amount were a tax. Therefore, it was entitled to assess and collect interest and additions to tax on the restitution amount.Assessment Not AuthorizedHowever, Code Sec. 6201(a)(4) simply means that restitution is a tax for the limited purpose of enabling the IRS to assess that amount. Once assessed, an account receivable is created on the taxpayer’s transcript against which the restitution payment can be credited.Moreover, under Code Sec. 6601(a) interest accrues on any tax imposed by Title 26 that is not timely paid. Meanwhile, Code Sec. 6651(a)(3) imposes an addition to tax in the case of failure to timely pay any tax required to be shown on a return. Clearly, restitution is not a tax imposed by Title 26. Nor is it a tax required to be shown on a return. Rather, restitution is an amount assessed as if it were a tax. Consequently, restitution assessments do not generate interest or additions to tax.Further, while the IRS argued that Code Sec. 6201(a)(4) subjected restitution payments to the entire civil tax collection apparatus, nothing in the legislative history supported its contention. According to the Joint Committee on Taxation, the intended effect of Code Sec. 6201(a)(4) was limited to improving the IRS’s bookkeeping for restitution awards.Tax Loss CalculationFurther, a tax-loss calculation is unlikely to bear more than a passing resemblance to a taxpayer’s actual civil liability under the Code. The sentencing guidelines employ simplified calculations of tax loss in order to avoid complex disputes over late-blooming adjustments and deductions the taxpayer could have taken. Thus, restitution cannot be equated to a tax imposed by Title 26.Finally, if the IRS wished to collect interest and additions to tax, it can commence a civil examination of the taxpayers’ amended returns. Upon final determination of their civil tax liabilities, interest will arise automatically and additions to tax may be imposed if appropriate. However, they would be computed by reference to whatever the actual tax liabilities were determined to be, not by reference to the restitution amount.Z. Klein, 149 TC —, No. 15, Dec. 61,035 Login to read more tax news on CCH® AnswerConnect or CCH® Intelliconnect®.Not a subscriber? Sign up for a free trial or contact us for a representative.
The Winners Circle 2 featuring MPrynt, Brianna Cash, Good Girl & Jeremy Isaac(D. Alfaro for Philly 360°) The 4th Annual Tri State Indie Music Awards returns and once again this year — it is bigger and better than ever. On Sunday, March 1 at World Café Live, the red carpet will be rolled out for all of the artists that are making waves in their respective genres. The room will be filled with Philly influencers and everything will be waiting to see who will go home with the prize. Tri State Indie celebrates the best of the best in music in Philadelphia and its surrounding areas. The pool of nominees are from a diverse crowd in the area and include some familiar faces like turntablist extraordinaire Matthew Law, Philly’s favorite hip-hop artist Chill Moody, the multifaceted singer/songwriter Jacqueline Constance, sultry jazz vocalist Laurin Talese, R&B throwback group Good Girl and many more. The voting process is still open! So be sure to take a look at the list of nominees and exercise your right to vote! Tri State Indie Music Awards When: Sunday, March 1 , Doors at 5 p.m. | Show at 6 p.m. Where: World Café Live, 3025 Walnut Street Cost: $5 – 50 More Info: Buy tickets online here.