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Tax Judge Slices $850M Off Massive NJ Mall’s Valuation, Reports Say Tax Judge Slices $850M Off Massive NJ Mall’s Valuation, Reports Say
Tax Judge Slices $850M Off Massive NJ Mall’s Valuation, Reports Say A New Jersey tax court judge has slashed the assessed value of the American Dream megamall in East Rutherford by $850 million, marking a nearly 50% drop this year alone, Bloomberg reports.  The ruling made last Thursday, July 31, brings the property's 2025 valuation to $1.65 billion, down from the $3.3 billion figure earlier this year. The initial $800 million cut came in March, followed by this latest reduction, according to CoStar. The move represents a win for Triple Five Group, the mall's owner, which has long argued that the complex was overvalued, Bloomberg said. However, the dec…

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by Cecilia Levine
Lifestyle
Yowza: LI Player Snags $1M Lottery Prize Yowza: LI Player Snags $1M Lottery Prize
Yowza: LI Player Snags $1M Lottery Prize A Long Island woman scratched her way to riches. Theresa Imbriale, of Ronkonkoma, claimed a $1 million top prize after hitting it big on the New York Lottery’s Platinum Power scratch-off game. She walked away with a check for $416,640 after paying those pesky taxes, according to New York Lottery. Imbriale purchased the lucky ticket in Ronkonkoma, at Arjo Enterprise located at 885 Ronkonkoma Avenue. Scratch-off games have proven quite lucrative for Suffolk County school districts, with more than $273 million in Lottery Aid to Education funds doled out to local schools last fiscal year, ac…

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by Michael Mashburn
News
New Scam Involving Fraudulent Texts Impersonates IRS New Scam Involving Fraudulent Texts Impersonates IRS
New Scam Involving Fraudulent Texts Impersonates IRS A new scam involves unsolicited text messages impersonating the Internal Revenue Service (IRS), the agency says. The fraudulent messages falsely claim recipients are eligible for a $1,400 Economic Impact Payment and instruct them to click a deceptive link to "claim" the funds. How The Scam Works Victims receive a text message that appears to be from the IRS, stating they are owed an Economic Impact Payment. The message urges them to provide personal information to process the supposed payment. Scammers promise the money will be deposited into a bank account or mailed as a check within 1-2…

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by Joe Lombardi
News
Some Americans Must File Tax Returns In March: Here's Who, Why Some Americans Must File Tax Returns In March: Here's Who, Why
Some Americans Must File Tax Returns In March: Here's Who, Why The Internal Revenue Service (IRS) has alerted some American workers that they face an early tax deadline.  Those in the group who did not make estimated tax payments by Wednesday, Jan. 15, 2025, must file their 2024 federal income tax returns and pay any taxes owed by Monday, March 3, 2025.  Due to the deadline falling on a Saturday, it has been extended from the usual Saturday, March 1, to Monday, March 3. Details of the Early Deadline Farmers and fishers who qualify for this special deadline are those who derived at least two-thirds of their gross income from their respective…

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by Joe Lombardi
Business
American Express To Pay $230M For Misleading Small Business Customers American Express To Pay $230M For Misleading Small Business Customers
American Express To Pay $230M For Misleading Small Business Customers American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products. The credit card company agreed to pay a $108.7 million civil penalty, the Department of Justice said in a news release on Thursday, Jan. 16. The settlement resolved claims against American Express of deceptive marketing and "dummy" account information. American Express was accused of engaging in unlawful sales tactics and falsifying records between 2014 and 2021. "When financial companies …

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by Chris Spiker
Politics
How Does $500 'Inflation Refund' Check Sound? Here's Who Qualifies Under Hochul's Proposal How Does $500 'Inflation Refund' Check Sound? Here's Who Qualifies Under Hochul's Proposal
How Does $500 'Inflation Refund' Check Sound? Here's Who Qualifies Under Hochul's Proposal New Yorkers could soon see some relief from rising costs. Around 8.6 million taxpayers statewide could stand to benefit from a historic $3 billion in “inflation refund” checks that were proposed by Gov. Kathy Hochul during a speech in the Bronx on Monday, Dec. 9. If approved by lawmakers, the initiative would deliver $300 checks to single taxpayers earning up to $150,000 annually and $500 to joint filers with incomes up to $300,000. The refunds would be funded by surplus sales tax revenue generated during the recent period of high inflations. Hochul said the one-time payments would provide…

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by Michael Mashburn
Lifestyle
Double The Fun: Pair Of $1M Lottery Prizes Claimed By Long Island Men Double The Fun: Pair Of $1M Lottery Prizes Claimed By Long Island Men
Double The Fun: Pair Of $1M Lottery Prizes Claimed By Long Island Men Talk about a massive payday. Two Long Island men have a million more reasons to be smiling after winning seven-figure lottery prizes. Jose Carranza, of Mastic, claimed a $1 million prize on the “Platinum Power” scratch-off game, New York Lottery announced. He purchased the lucky ticket in east Moriches, at East End Marketing on Montauk Highway. After paying Uncle Sam, Carranza pocketed $416,641. Not to be outdone was Ricky Alessi, of St. James, who claimed his own $1 million windfall after hitting a Powerball second prize for the drawing held Monday, May 27. Alessi received a lump sum…

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by Michael Mashburn