Some S.C. taxpayers get relief from tax deadline
South Carolina taxpayers impacted by the severe storms and flooding that began Oct. 1 may qualify for tax relief from the South Carolina Department of Revenue. The IRS has provided special filing and payment relief to victims of flooding in certain counties in South Carolina. The tax relief postpones various tax filing and payment deadlines that occurred starting on Oct. 1. As a result, affected individuals and businesses will have until Feb. 16 to file these returns and pay any taxes due. This includes the Oct. 15 deadline for those who received an extension to file their 2014 return and the deadline for making quarterly estimated payments. The IRS filing and payment relief applies to the following counties identified by the President’s declaration as a federal disaster area: Berkeley, Charleston, Clarendon, Dorchester, Georgetown, Horry, Lexington, Orangeburg, Richland, Sumter, Williamsburg. The state Department of Revenue will provide the same relief to the taxes that it administers.
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Volkswagen plans to withdraw applications seeking U.S. emissions certifications for its 2016 model Jettas, Golfs, Passats and Beetles with diesel engines, the latest hit to the German automaker’s credibility and bottom line. Thousands of new vehicles already manufactured and shipped to the U.S. will remain quarantined in ports. That’s a huge loss for American VW dealers, who were hoping to put the new models on sale soon in the wake of last month’s admission the company had installed on-board computer software designed to cheat on government emissions tests in nearly 500,000 “clean diesel” cars starting with the 2009 model year.
The threat of a strike is looming as Fiat Chrysler and the United Auto Workers continue negotiating a new contract. The union sent the company a strike notice on Tuesday. Factory workers could walk out as early as 11:59 p.m. Wednesday. FCA and the UAW were still negotiating late Wednesday afternoon, according to representatives from both sides.