More Taal volcanic quakes recorded despite weaker eruptions Both coming from victories, the Blaze Spikers and the HD Spikers gun for win No. 2 and the early lead of the tournament.Opening day winners Foton and Generika-Ayala collide in the other match slated at 5 p.m.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSMcGregor blasts Cerrone in 40 seconds in UFC returnSPORTSBreak new groundA variety show-type presentation will usher in the conference with pop stars impersonators showcasing their talents with some of the league’s top draws like Rachel Anne Daquis.Tickets are free and games will be shown live on Aksyon TV and Hyper HD and will be livestreamed over at Sports5.ph. For Ina, portraying a zombie is like an ‘out-of-body experience’ Members of the national table tennis team and some of Ian Lariba’s classmates at La Salle will solicit financial support for the cancer-stricken Olympian.“We hope that this little contribution from the PSL will enable Ian to overcome the biggest challenge in her life. We’re all praying and hoping for her speedy recovery,” said PSL chair Philip Ella Juico.Half of the tickets sales from the last two playing days were also donated to Lariba’s medical funds.Juico said the PSL is also organizing volleyball clinics and will soon establish the PSL Volleyball Academy.“This shows that the PSL is not just about competition,” he added.ADVERTISEMENT Sports Related Videospowered by AdSparcRead Next Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend LATEST STORIES View comments Trump’s impeachment defense, prosecutors dig in Gerald: Just because I’ve been bashed doesn’t mean I’d stop working Missile-capable frigate BRP Jose Rizal inches closer to entering PH Navy’s fleet MOST READ Petron and Cignal, two squads considered the “Super Teams” in the Philippine Superliga, test each other Saturday as the All Filipino Conference formally holds its opening ceremony at FilOil Flying V Centre.ADVERTISEMENT Swing Out Sister back to PH this April Ai-Ai delas Alas on Jiro Manio: ‘Sana pinahalagahan niya ang naitulong ko’ China reports 17 new cases in viral pneumonia outbreak Don’t miss out on the latest news and information. Patafa reinstates Tabal
Region 5 flooding― as floodwaters in residential locations recedePeriods of brief sunshine on Friday brought some relief to several residential areas across Region Five (Mahaica-Berbice), but farmers’ fears linger as their rice lands remain threatened by floodwaters.Guyana Times was informed that the sense of relief was brought on by the dry weather conditions that persisted throughout Friday, coupled with several working excavators that had been deployed by the Mahaica/Mahaicony/Abary-Agricultural Development Authority (MMA-ADA) and the National Drainage and Irrigation Authority (NDIA). These excavators were transported to the communities of Fairfield, De Hoop, Catherine and Bath Settlement at the beginning of the current rainy season.Inundated rice lands in Esau and Jacobs, MahaiconyAccording to reports received, much of the farmlands, mainly rice lands, remain inundated. The affected areas include Burma, Mahaicony and Mahaica, while farmlands in the West Berbice villages of Foulis and Belladrum are also threatened by floodwaters. Guyana Times was told that operatives of the Regional Democratic Council (RDC) and other Councillors in the region have been meeting with residents and farmers in the affected areas, while the relevant authorities, such as NDIA and MMA-ADA have been officially engaged and are onboard in efforts to alleviate the situation.Earlier this week, this publication had received reports of rising floodwaters affecting theMahaica and Mahaicony areas, Burma and villages in the Neighbourhood Democratic Councils (NDCs) of Union-Naarstigheid, Profit-Rising Sun and Seafield-Tiempe.Many rice farmers, especially in Burma, Mahaica and Mahaicony reported losses, while others have been safeguarding their crops by ensuring that excess water is pumped off of their lands.Up to Wednesday, farmers were still seen draining excess water from their lands. Guyana Times however, understands that many farmers have complained that continued pumping of water is adding to their expenses. These farmers have expressed hope that Central Government would provide assistance in the acquisition of fuel to continue this practice.In an Agriculture Ministry press conference late last month, Agriculture Minister Noel Holder had noted several relief measures for 2017 to address the ongoing the flood situation. He disclosed that the MMA-ADA plans to commence the construction of a $300 million sluice at De Edward to replace the 50-year-old existing structure.“This will enhance drainage of all residential areas and agricultural land between the Abary and Berbice rivers. Additionally, we will commence Phase Two of the Abary/Mahaicony conservancy with the construction of a 4.5 mile main canal and 10 mile dam. This proposed dam will extend the current Abary/Berbice conservancy to service agricultural lands between the Abary and Mahaicony rivers,” the Agriculture Minister announced on December 29, 2016.After a four-day period (December 23-27) of torrential downpours across Region Five, residents were forced to battle the rising water levels.Farmers along villages in the Mahaicony had explained that their rice crops would be destroyed if the rain continued.
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“We cannot share the judge’s point of view that the facts do not reveal fraud,” the public prosecutor said on Thursday when lodging the appeal.The prosecutor explained they felt the judge had not taken into account several documents that could prove fraud between Barcelona and Santos to the detriment of DIS, the Brazilian investment who are the former owners of the rights of the player.DIS, which held 40 percent of Neymar’s sporting rights when he played at Santos, had claimed it was cheated out of its real share of the transfer due to parallel contracts that Barcelona and Santos allegedly used to hide the true cost.High court judge Jose de la Mata ruled that while the case “could have sporting, ethical and disciplinary repercussions”, it “cannot be pursued in the criminal courts”, the court said in a statement.Barcelona originally published the fee in the transfer as 57.1 million euros, with 40 million euros of that given to the player’s family.But Spanish authorities believe the true transfer figure was at least 83 million euros.Santos — the Brazilian club of a young Pele and where 24-year-old Neymar started his career — received 17.1 million, 6.8 million euros of which went to DIS.But Spanish judicial authorities believe another 26 million euros from the parallel contracts were shared between Neymar, his family and Santos, with the DIS and the taxman missing out on their cuts.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Barcelona paid 57.1 million euros to sign Neymar from Santos, but Spanish authorities believe the true transfer figure was at least 83 million euros.PHOTO/AFPMADRID, Spain, July 14 – Spanish prosecutors have appealed a judge’s decision to shelve a fraud case against Brazilian superstar Neymar and his father in relation to the player’s 2013 transfer to Barcelona.A week ago a judge ruled that irregularities in the high-profile transfer were detected, but said it was an issue for a civil court, not a criminal court to settle.
From news services JaMarcus Russell and the Oakland Raiders agreed in principle Monday night to a six-year contract that would guarantee the quarterback more than $30 million in the richest contract ever for a rookie. The sides met in person Monday for the third time in four days and were hashing out final details of the contract, according to a person familiar with the talks who spoke on condition of anonymity because the deal was not finalized. The final contract needs to be approved by the NFL, but it will be worth at least $60 million with about $31 million guaranteed, the person said. An official announcement could come today. The previous record deal for a rookie came when the Detroit Lions gave No. 2 pick Calvin Johnson $27.2 million in guarantees this year. League looks into spy game The NFL is looking into claims a New England Patriots employee was videotaping signals by Jets coaches on New York’s sideline during the season opener Sunday at East Rutherford, N.J. The investigation was first reported by ESPN.com, which said that NFL security confiscated a video camera and tape from a Patriots employee during New England’s 38-14 victory. The employee was accused of aiming his camera at the Jets’ defensive coaches, who were sending signals out to the players, sources told the Web site. “The rule is that no video recording devices of any kind are permitted to be in use in the coaches’ booth, on the field, or in the locker room during the game,” the league said in a statement from spokesman Greg Aiello. “We are looking into whether the Patriots violated this rule.” Manning’s status uncertain Eli Manning has a bruised right shoulder and it is uncertain whether the New York Giants quarterback will play against the Green Bay Packers on Sunday. Manning had an MRI that revealed a contusion to the acromioclavicular joint, near the collarbone. Manning called his injury a bruised shoulder. Giants coach Tom Coughlin said it was sprained. The Giants public relations staff labeled it a bruised AC joint. Reid’s son waives hearing The 22-year-old son of Philadelphia Eagles coach Andy Reid waived a preliminary hearing on DUI and drug charges in connection with a traffic stop last month. Britt Reid waived the hearing before a district judge in suburban Philadelphia, according to Kevin Harley, a spokesman for the state Attorney General’s Office, which is prosecuting the case because of a potential conflict of interest involving the county prosecutor’s office. Chiefs may boot kicker Justin Medlock appeared to be on his way out to make way for Dave Rayner as kicker for the Kansas City Chiefs. The Chiefs were disappointed enough with Medlock, a rookie they drafted in the fifth round from UCLA and handed the job, that they were talking about a contract with Rayner on Monday. Medlock was inconsistent during an 0-4 preseason and missed a 30-yard attempt at the end of an exhausting, 15-play drive in the first quarter against Houston on Sunday. The Chiefs went on to lose the game, 20-3. Jets tight-lipped about QB injury Chad Pennington has an injured right ankle. The New York Jets acknowledged that much, but they wouldn’t say how badly the quarterback is hurt or how long he will be sidelined. “It is the ankle, same as what was announced during the game,” Coach Eric Mangini said. “We’ll review it during the course of the week, like we do every injury situation.” Pennington injured the ankle when he was sacked during the third quarter of the Jets’ 38-14 loss to the Patriots. Pennington wasn’t available for comment at the team’s practice facility. Pace to sit out season St. Louis Rams offensive tackle Orlando Pace will miss the rest of the season with a torn labrum and rotator cuff in his right shoulder suffered in the season opener Sunday. The injury is Pace’s second season-ender in two games, after tearing his left triceps last November. Coach Scott Linehan said this one could be career-threatening. Team physician Dr. Matt Matava estimated a six-month rehab period while calling it a “correctable injury.” Ferguson out for season Dallas Cowboys nose tackle Jason Ferguson is out for the season after tearing his right biceps in the opening game. Coach Wade Phillips confirmed the injury would end the season for Ferguson, the team’s most experienced defender in his 11th season. Ferguson is scheduled to have surgery Friday. Around the league Bears: Safety Mike Brown is out for the season. Brown was placed on injured reserve with a ruptured anterior cruciate ligament in his left knee. Browns: In the aftermath of a 34-7 drubbing against Pittsburgh in Sunday’s season opener, Coach Romeo Crennel didn’t rule out Brady Quinn making his NFL debut this week against Cincinnati. Buccaneers: A urine test indicated receiver David Boston had GHB in his system when police found him behind the wheel of a sport utility vehicle last month and charged him with driving under the influence. … Running back Carnell “Cadillac” Williams suffered bruised ribs Sunday and could be sidelined Sunday against New Orleans. Eagles: Two-time Pro Bowl cornerback Lito Sheppard is expected to miss at least one game after suffering a sprained knee ligament Sunday against Green Bay. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!
Officers also searched a residence at 6 N. Holman in Peru, where they also seized more suspected synthetic marijuana and an undisclosed amount of U.S. currency.As a result of this investigation, store owner Amin Ali Saleh, 36, of Peru, was arrested on preliminary charges of Possession of Synthetic Marijuana, Possession of Lookalike Substance, Dealing in Synthetic Marijuana and Possession of Drug Paraphernalia.Officers are continuing their investigation into possible counterfeiting and forgery.Anyone with information concerning violations of Indiana law anywhere that alcohol or tobacco products are sold should contact the State Excise Police at (765) 362-8815.Officers were assisted by Miami County Prosecutor Bruce Embrey throughout their investigation.As the enforcement division of the Indiana Alcohol and Tobacco Commission, the primary mission of the Indiana State Excise Police is to promote public safety by enforcing Indiana’s Alcoholic Beverage Code. While excise officers have the authority to enforce any state law, they focus primarily on alcohol, tobacco and related laws. Officers from the Indiana State Excise Police and Peru Police Department arrested a convenience store owner on several drug-related charges today.Officers with the Indiana State Excise Police and Peru Police Department served a search warrant at Peru Stop & Go, 452 W. Main Street, Peru, today looking for evidence related to the sale of counterfeit goods. What turned into a four-month investigation into counterfeit goods and drug sales began when officers saw what appeared to be counterfeit merchandise in the store in Nov. 2013.Officers seized approximately 20 grams of suspected synthetic marijuana, hundreds of items of paraphernalia and an undisclosed amount of U.S. currency from the BP-branded store today.
Share This!Welcome to the November installment of our monthly Disney Vacation Club preview. This month, we round up the latest news, including dates for the 2020 Moonlight Magic events. We’ll also take a look at some common DVC owner questions.Lobby, Old Key West DVC resort, Walt Disney WorldBooking WindowsHere are some booking window dates to keep in mind. For your home resort (11-month booking window), in November, you will be able to book for dates in October 2020. For all other DVC resorts (seven-month booking window), this month you will be able to book for dates in June 2020. Bear in mind that we’re now into the range for booking your home resort for Halloween season 2020 (I know, I know).Booking a last-minute late fall trip directly through Disney, there is virtually no availability November or December anywhere at Walt Disney World. Throughout the late fall, there are plentiful openings at Aulani in Hawaii in one-, two-, and three bedroom villas. There are some two- and three-bedroom villas open at Hilton Head in both November and December. Given the holiday crowd crush, if you haven’t booked your stay at Disney World already, you’re probably not using your points there in 2019.If you want to expand your options, you may want to explore renting points as an alternative to booking through Disney. (If you rent points through the affiliate link to David’s DVC rentals, TouringPlans receives a commission.)DVC and Disney NewsGalaxy’s Edge is now open at Disney World, there are just a few more weeks of the 2019 Epcot International Food & Wine Festival, and the Skyliner overhead gondola transportation system in now operational. The Epcot evening fireworks presentation, IllumiNations, has been replaced with a temporary show, Epcot Forever.Upcoming events include the opening of the new Riviera Resort and the debut of the Rise of the Resistance Ride at Galaxy’s Edge. Both are happening in December.For a limited time, save $1,250 or more when you add onto your DVC member with points at Disney’s Riviera Resort in Florida. Act by December 16, 2019 to save the most with this offer. The promotion continues through January 28. 2020.DVC members may attend several different just-for-members meals and events this holiday season. For more information, visit dvcmember.com or call member services.New Year’s Day Character Brunch at Topolino’s TerraceHoliday Dinner at Walt Disney World, December 24New Year’s Eve Eve Party at Walt Disney WorldChristmas Eve Dinner at DisneylandDisney Vacation Club has announced the dates for its 2020 Moonlight Magic events. Moonlight Magic is similar to the evening parties at Disney World in that a park is open for only a small number of guests. However, there are two big differences: the event is only open to Disney Vacation Club members and it is FREE. The 2020 dates are:Animal Kingdom Event Dates – January 21; February 11; and February 25, 2020Registration Dates – Members with Resort reservations can book beginning November 20, 2019; general registration opens to all Members on December 4, 2019Magic Kingdom Event Dates – March 3; April 21; and April 28, 2020Registration Dates – Members with Resort reservations can book beginning January 8, 2020; general registration opens to all Members on January 15, 2020EpcotEvent Date – May 4 and June 29, 2020Registration Dates – Members with Resort reservations can book beginning March 11, 2020; general registration opens to all Members on March 18, 2020Typhoon Lagoon Water ParkEvent Dates – July 27 and August 10, 2020Registration Dates – Members with Resort reservations can book beginning June 17, 2020; general registration opens to all Members on June 24, 2020Disney’s Hollywood StudiosEvent Dates – September 15; September 22; and October 6, 2020Registration Dates – Members with Resort reservations can book beginning July 15, 2020; general registration opens to all Members on July 22, 2020And here’s the fine print …Registration is required for these events. At least one valid Disney Vacation Club Membership Card with photo ID will be required for these experiences. Activities, entertainment and characters are subject to change and these events are subject to cancellation in the event of inclement weather. Members can register online when the booking window for their preferred date begins. For some events, Members with Disney Resort hotel reservations during the event will be given priority registration dates. When your booking window opens, visit the page for the event you’d like to attend, then select RSVP. Be sure to have your Member number ready. You’ll enter a virtual waiting room to secure your place in line, so you won’t have to refresh the page. In order to allow as many Members as possible to enjoy Moonlight Magic, Members may register to attend only one event date for each participating park.RemindersDisney is now giving DVC members the option of receiving all their communications, including annual dues statements, electronically rather than in printed form in the mail. If you’d like to alter your communications preference, log in to your DVC member profile and select “Communication Preferences.”Members staying Grand Villas (three bedroom units) – you can now get extra FastPasses during your Walt Disney World stay. The catch (there had to be a catch, right) is that the extra FastPasses are available for a fee. For $50, per person, per day, guests in the Grand Villas can receive three additional FastPasses. Additionally, the window for booking these bonus FP opens at 90 days, not the usual 60 days for regular on-site stays. If you’re in a Grand Villa (which sleeps up 12 people) and you’re at the room’s maximum capacity, that would be an extra $600, per day, to get more FastPasses.There is limited availability on the DVC member cruise on Disney Cruise Line, a 7-night Alaska cruise out of Vancouver from August 24-31, 2020. In addition to all the fun of a regular DCL voyage, member cruises include loads of perks not available to regular guests, including enhanced stateroom gifts, presentations by Disney-affiliated celebrities, member receptions, and other surprises. Members may book up to four staterooms for these sailings. Call member services at 800-800-9800 for more information.If you decide to book a member cruise (or any other Disney cruise sailing), you may want to kickstart your planning with the Unofficial Guide to Disney Cruise Line 2020, co-authored by yours truly.There is lots of DVC member merchandise sold at the DVC resorts and in some parks locations. One of the largest selections of DVC merch is available in the Imagination pavilion at Epcot near the entrance to the DVC member lounge.Recent TouringPlans DVC CoverageIf you want to scope out DVC accommodations and perks, take a look at some recent posts where we explore DVC rooms and other amenities:The DVC Lounge is a Beautiful RetreatMoonlight Magic DVC Merch at EpcotDVC “Member Since” Buttons Available Free to DVC MembersPHOTOS: Studio Villa at Disney World’s Polynesian ResortOne-Bedroom Villa Tour: Disney’s Boardwalk VillasPHOTOS: One-Bedroom Villa at the Grand FloridianOne-Bedroom Villa Tour: Disney’s Old Key West Resort + VideoStudio and One-Bedroom Tour: Disney’s Copper Creek Villas & Cabins + VideoDVC FAQHere’s where we tackle a frequently asked question or two about Disney Vacation Club.Question: I’m staying at a villa at Saratoga Springs. I want to walk to go to Disney Springs for dinner several nights, what’s the best way to do this?Answer: There are buses from several locations at Saratoga that stop at Disney Springs. However, depending on your room location it may be much faster to walk than to wait for the bus.The Congress Park section of Saratoga is the closest area to Disney Springs. Most units are less than a ten minute walk to the Marketplace part of Disney Springs. However, Congress Park units (along with The Springs) are considered “preferred” DVC rooms. They cost more points per night than the non-preferred units elsewhere at the resort. The only difference between preferred and non-preferred rooms is the proximity to Disney Springs. My suggestion if you want to be as close as possible to Disney Springs without paying the preferred rate, is to request a room in The Paddock section of Saratoga, preferably in the 6500-6800 building or the 6100-6400 building. These are a less than 15 minute stroll to Disney Springs, at standard room rates.To make a room request, check out our recent video on how to do this through TouringPlans. Good luck!That does it for this month’s wrap-up. Got any DVC questions? Current members, do you have any advice for someone deciding whether to purchase points for the first time? Let us know below.
9 Books That Make Perfect Gifts for Industry Ex… Shoegaze? Chillwave? An Endless Selection of GenresInstead, users can browse music by genre, the list of which is actually quite extensive and granular. Broad categories like Rock, Indie and Electronic are there, but the app is populated with more specific ones like Shoegaze, Post-Punk, Chillwave, Psychobilly and Melodic Hardcore. The list goes on. And on. In fact, as you swipe to the right, the app slides through a seemingly endless array of music genres to choose from. You can also stream music from a given country or time period. When a track loads in Shuffler.fm what it’s actually doing is loading a recent post from any number of music blogs, reformatting the title and summary Flipboard-style, and then extracting the audio from the page, whether it’s from a YouTube video, SoundCloud embed or BandCamp track. Even in cases when the audio is displayed using Flash, the app grabs the original audio and streams it regardless. The result is a kind of genre-based, blog-fueled radio station. At the bottom of the app lies standard audio controls. Tapping the skip button loads a new blog post and a new song. You can share each one on Facebook or Twitter, email it or just copy the link. If you want to find out more about a song or artist, simply swipe down to view the original blog post. As it turns out, this is also a great way to discover and start following individual music blogs themselves. In testing the app out, I found a number of new artists that I hadn’t heard before. I then did a search for them in Spotify and grabbed entire albums to listen to later. Smaller, unsigned artists may not be so easy to find via a streaming service like Spotify and Rdio, but if you really like them, you can often purchase tracks directly from the artist, via Bandcamp or another service. By aggregating music from blogs, Shuffler.fm effectively lets lesser-known, more obscure artists bubble to the surface and exposes people to a world of new music. This includes everything from experimental rock bands from Germany in the 1970s to brand new, DIY artists who are self-distributed their homemade music. Tags:#music#news#web 5 Outdoor Activities for Beating Office Burnout 12 Unique Gifts for the Hard-to-Shop-for People… Shuffler.fm, a music aggregation and curation site that got a ton of buzz over the summer, launched its iPad app today. The app is being touted by the company as a “Flipboard for music,” but we think that comparison has its limitations, and that’s okay. Music blogs have become a huge component of how people discover and hear new music, especially in smaller scenes that may be overlooked by more mainstream channels. Shuffler.fm taps into this phenomenon by aggregating audio from countless music blogs and then using the Last.fm API to divvy them up by genre. What results is a new way to explore and discover music, and the experience feels like it was ready-made for the tablet form factor. Making an Old School Approach Work: Music Curated By HumansThe phrase “Flipboard for music” should probably be taken with a grain of salt. While Shuffler.fm’s iPad UI and the way it loads content are somewhat reminiscent of the popular social reading app, the similarities end there. Most notably, Shuffler.fm is not a personalized music discovery app, fueled by your preferences and listening history. In fact, it doesn’t even have a recommendation engine. Instead, the service adopts the very pre-Web notion of content being curated by editors and tastemakers, the crowd be damned. As counter-intuitive as that may sound for a buzz-worthy new digital content discovery app, the model actually works quite well in this case. Whereas services like Pandora and Last.fm have long offered streams of music based on things like one’s personal listening history and complex, algorithm-driven recommendation engines, Shuffler.fm takes its cues from the tastes of established music bloggers. The only way to personalize the content within the app is by saving a track as a favorite, which effectively builds out a playlist. 4 Keys to a Kid-Safe App john paul titlow Related Posts
The Multistate Tax Commission adopted its proposed Model Uniform Statute for Reporting Adjustments to Federal Taxable Income and Federal Partnership Audit Adjustments.The model statute was drafted in response to the Bipartisan Budget Act of 2015 changing the existing federal partnership audit provisions.What was the MTC’s Goal in Drafting the Statute?The statute was drafted by the MTC’s Partnership Project. The project set out to address the following questions:Were new state statutes called for?What more should the states be doing to audit and track partnership income?Are withholding statutes effective enough given multiple tiered entities, and how will old statutes intersect with entity-level liability?What is the General Rule to Report Adjustment to Federal Taxable Income?Generally, taxpayers have 180 days after the final determination date to report adjustment to federal taxable income. The taxpayer must file an adjustment report and pay any tax due. The rule applies to final federal adjustments:arising from an audit or other action by the IRS; orreported by the taxpayer on a timely filed amended federal income tax return.This includes a return or report filed pursuant to IRC Sec. 6225(c)(2) or a federal claim for refund. The general rule does not apply to final federal adjustments reported using the procedures below or under IRC Sec. 6225(a)(2).What is the Timeline for Reporting Partnership Level Audit and Administrative Adjustment Requests?Partnerships have 90 days to report and make payments from a partnership level audit or an administrative adjustment request. Specifically, 90 days after the final determination date:the partnership must file a completed federal adjustments report;notify direct partners of their distributive share;file an amended composite return for direct partners and/or an amended withholding return for direct partners; andpay the additional amount that would have been due had the final federal adjustments been properly reported.Direct partners have 180 days after the final determination to:file a federal adjustments report stating their distributive share of the adjustments reported to them; andpay any additional amount of tax due, penalty and interest, as if the final federal adjustments had been properly reported.Can the Partnership Pay for Direct and Indirect Partners?The partnership can make an election to pay for direct and indirect partners. In order to make the election, the partnership has 90 days after the final determination date to:file a completed federal adjustments report;provide the information required by the state; andnotify the state that it is electing to pay.The partnership then has 180 days, after the final determination date, to make payment. Instead of taxes owed by direct and indirect partners, the statute provides a method to calculate the proper amount to pay.Tiered partners must make required reports and payments no later than 90 days after the time for filing and furnishing statements. The time for filing and furnishing statements to tiered partners is established under IRC Sec. 6226.The statute provides for a state determined modified reporting and payment method.What Other Items are Addressed in the Model Statute?The model statute also provides for:establishment of a de minimis exception;statutes of limitations for assessments of additional tax;estimated payments during the course of a federal audit;claims for refund or credits; andextensions of time.Where Can a Copy of the New Model Statute be Found?The text of the model statute can be read on the MTC website athttp://www.mtc.gov/getattachment/The-Commission/Committees/MTC-Special-Meeting/Proposed-Model-RAR-Statute.pdf.aspx.Multistate Tax Commission, MTC Special Meeting, January 24, 2019Login 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.
Did you notice the massive blackout on April 16th, 2015?Actually, I didn’t either. That’s because the electric system didn’t falter. The fact that April 16th came and went without a reliability glitch was both nothing unusual and also a really big deal. Because history has a habit of repeating itself, it’s worth understanding why April 16th was a remarkable (and remarkably dull) milestone in electric-industry history.The Origins of the Mercury and Air Toxics Standard (MATS)Back in 2010, just under a third of all U.S. power-plant capacity burned coal to produce electricity. Many of those plants were emitting unhealthy levels of toxic air pollution, which forthcoming regulations from the Environmental Protection Agency (EPA) would limit. Critics of EPA’s rule doubted that manufacturers and installers could get enough pollution-control equipment into the market and on to power plants fast enough to meet the deadline under the new Mercury and Air Toxics Standard (MATS) – and that taking so much of the nation’s generating capacity off line all at once would inevitably lead to an unreliable electric system.Before the EPA finalized its MATS rule at the end of 2011, countless groups published estimates of how many coal plants would retire due to the EPA regulations. The North American Electric Reliability Corporation (NERC) warned that “with [the mercury rules] as the primary driver, the industry faces considerable operational challenges to complete, coordinate and schedule the necessary environmental retrofits.” Others, including opponents of the rule, argued that, in the name of reliability, the rule would need to be delayed.In December 2011, EPA issued the final MATS rule, which gave owners of affected power plants until April 16, 2015, to either bring their plants into compliance with the new requirements or cease their operations.That date passed two weeks ago without incident. The lights didn’t dim.Why not? First, the EPA stood by its commitment (made in November 2011 by then-Assistant EPA Administrator Gina McCarthy in testimony to the Federal Energy Regulatory Commission, the agency with responsibility for electric system reliability) that “In the 40-year history of the Clean Air Act, EPA rules have never caused the lights to go out, and the lights will not go out in the future as a result of EPA rules.”Part of the reason for that is that the EPA is nowhere near as rigid or anti-business as many observers like to portray it. The final EPA rule gave power-plant owners the ability to request an additional year of time to comply, and allowed yet another year in unusual cases where continued operation of a plant would be needed for reliability. According to the National Association of Clean Air Agencies, as of March 2015, owners of 38 percent of the 460 coal-fired power plants affected by the MATS rule had requested additional time to comply and, of those, the EPA granted an extension to 95 percent.Second, the electric industry is already transitioning to rely less on coal, even without the MATS rule. Between 2011 and the end of 2014, 21.5 gigawatts (GW) of coal-fired power plants retired. The fact that these retirements occurred before the MATS deadline indicates that something other than EPA’s regulations is driving the least-efficient and oldest coal plants into retirement.Coal’s ardent supporters may prefer to point the finger at EPA, but the truth is that market conditions are responsible: relatively flat electricity demand, increased supply from power plants using other domestic energy sources (natural gas, wind and solar), and price competition between natural gas and coal. Another 14.6 GW of power plants have retired or will retire in 2015. This total amount of coal-plant retirements (36.1 GW) falls at the mid-point of estimates made during the 2010-2011 period.Third, the electric industry is dynamic. The market has responded to signals that additional electric resources are needed to replace old ones. Many projects have come forward: new power plants, upgraded transmission facilities, rooftop solar panels, energy-efficiency measures and energy-management systems. These varied responses are the norm, collectively maintaining reliability and modernizing the power system along the way.That’s why there were no blackouts on April 16th, despite all the dire warnings.History Repeats ItselfThe reliability theme is re-emerging once again, as the states and the electric industry face the prospect of EPA finalizing its “Clean Power Plan” to control carbon pollution from the nation’s power plants. In anticipation of the final rules coming out this summer and of power plant owners having to comply with them by 2020, many observers are saying that the electric system’s reliability will be jeopardized if the EPA goes forward as planned. The latest warning came last month with a new assessment published by NERC, calling for more time to allow the industry and the states to respond to the forthcoming carbon-pollution rules.Such warnings are common whenever there is major change in the industry, and they’re not without value: They play an important role in focusing the attention of the industry on taking the steps necessary to ensure reliable electric service.But warnings lose their value when they are read as more than what they are. Notably, the reliability concerns currently being raised by some observers about EPA’s Clean Power Plan presume inflexible implementation, are based on worst-case scenarios, and assume that policy makers, regulators and market participants will stand on the sidelines until it is too late to act.There is no historical basis for these assumptions. Reliability issues will be worked out by the dynamic interplay of actions by regulators, entities responsible for reliability, and market participants, all proceeding in parallel to find solutions.EPA’s proposed carbon-pollution rule provides states and power plant owners with the means to prevent reliability problems by giving them a wide range of compliance options and plenty of operational discretion (including various market-based approaches, other means to allow emissions trading among power plants, and flexibility on deadlines to meet interim targets). And EPA Administrator McCarthy has stated repeatedly that her agency will write a final rule that reflects the importance of a reliable grid and provides the appropriate flexibility.One of the best ways to assure electric reliability will be for states to actively avail themselves of the Clean Power Plan’s flexibility, rather than “just say no.” States that do not take advantage of this flexibility and then suggest that EPA’s regulations led to unreliable and uneconomic outcomes may be courting a self-fulfilling prophecy. The more states sit in the driver seat and figure out how to arrive at the emissions-reduction destination in a manner consistent with their goals and preferences, the more likely it is that they’ll accomplish them.