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Los Angeles 'mansion tax' has sellers giving away sports cars to entice buyers

Published Tue, 05 Nov 2024 16:22:26 GMT

Sellers of luxury homes in Los Angeles are scrambling to offload their properties before a new “mansion tax” takes effect on April 1.Agents are trying their best to entice buyers with extravagant freebies before the ULA tax takes effect. The measure will impose a 4% transfer tax on property sales over $5 million and a 5.5% tax on properties over $10 million.The tax must be paid by the seller which means those with properties on the market are doing everything they can to incentivize quick closes. Some sellers are even throwing in a free McLaren or a Bentley with a purchase.While sellers are dropping prices dramatically, agents are finding clever ways to entice buyers to snatch up these pricey estates.“We were trying to think outside of the box and we offered a $1 million bonus to any agent who brought the buyer to one of our listings if we closed before April 1,” said Josh Altman, CEO of Altman Brothers Real Estate and star of “Million Dollar Listing Los Angeles.”Altman explains the...

84-year-old woman killed in Hollywood hit-and-run; police ask for public's help locating driver

Published Tue, 05 Nov 2024 16:22:26 GMT

Authorities with the Los Angeles Police Department are asking for the public’s assistance regarding a hit-and-run incident that claimed the life of an 84-year-old woman in Hollywood.  The fatal collision occurred on Jan. 9, just after 6:30 a.m., when a compact SUV traveling northbound on Serrano Avenue, near Sunset Boulevard, struck the 84-year-old, an LAPD news release stated.  “The suspect fled the scene and did not stop to render aid and/or ID themselves as required by law,” police said.  Personnel with the Los Angeles Fire Department responded to the scene. The female victim was taken to the hospital where she succumbed to her injuries.  The hit-and-run suspect’s vehicle is described as a white 2017-2019 Kia Sportage. A reference photo of the suspect's vehicle, described as a white 2017-2019 Kia Sportage. This is not the actual vehicle. (LAPD)A reward of up to $50,000 is available to community members that provide information leading to the identification, apprehe...

IRS Extends Tax Deadline For Most Of Southern California To Oct. 16

Published Tue, 05 Nov 2024 16:22:26 GMT

After a slew of damaging storms to start the year, the IRS extended the 2022 tax filing deadline to October 16 for most California counties, including Los Angeles.The original deadline would have fallen on April 18 for individual filers, and March 15 for some businesses, but 41 of California’s 58 counties can now take advantage of an extra six months after being declared disaster areas by the Federal Emergency Management Agency (FEMA).“The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area,” The IRS wrote in a press release. “Therefore, taxpayers do not need to contact the agency to get this relief.”Most Southern Californians filing individually, or for business, qualify for the extension, short of those filing in Kern and Imperial County. The deadline applies not only to federal taxes, but state, as well.Changing the tax filing deadline is consistent with the federal assistanc...

Judge upholds Boy Scouts’ $2.4B bankruptcy plan

Published Tue, 05 Nov 2024 16:22:26 GMT

By Randall Chase | Associated PressDOVER, Del. — A $2.4 billion bankruptcy plan for the Boy Scouts of America has been upheld by a federal judge, clearing an important hurdle in the legal challenge by certain insurance companies and dissenting sex abuse survivors.The plan would let the Texas-based organization keep operating while it compensates tens of thousands of men who say they were sexually abused as children while involved in Scouting.The ruling released Tuesday in U.S. District Court in Delaware rejected arguments that the bankruptcy plan wasn’t proposed in good faith and improperly strips insurers and survivors of their rights.More than 80,000 men have filed claims saying they were abused as children by troop leaders around the country. Plan opponents say the staggering number of claims, when combined with other factors, suggest the bankruptcy process was manipulated.Judge Richard Andrews said he found no fault with the plan’s initial approval by a federal bankr...

'Suspicious death' reported in Oakland

Published Tue, 05 Nov 2024 16:22:26 GMT

OAKLAND, Calif. (KRON) -- A dead body was discovered near Uptown Oakland on Monday, and police are calling the death suspicious at this time, the Oakland Police department confirmed to KRON4. Shipping company employee steals $12K of wine after getting fired in Napa Officers received reports of a person down on the 2100 block of Brush Street just after 10:15 a.m.. When they arrived, officers found a dead person. OPD's Criminal investigation Division began a follow-up investigation into the death. KRON On is streaming now.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }Police are asking anyone with information to contact OPD at 510-238-3326. Police say no arrests have been made in this case yet. OPD is waiting on the coroner's office to confirm the person's identity and the cause of ...

$100,000 reward to solve San Francisco quadruple shooting

Published Tue, 05 Nov 2024 16:22:26 GMT

SAN FRANCISCO (KRON) -- Police announced a $100,000 reward on Tuesday with hopes of catching the killer responsible for a quadruple shooting in a San Francisco park. The victims were playing basketball in Alice Chalmers Park on April 3, 2022 when a brazen gunman opened fire in broad daylight. Brandon Alexander Cheese, 22, and Kieran Carlson, 20, were killed. Two more victims were shot in the melee and survived.The killer slipped away from the Crocker-Amazon neighborhood before San Francisco Police Department officers arrived. Nearly one year later, no arrests have been made. Brandon Cheese smiles with his young daughter. (Image courtesy Silvia Lopez)The SFPD announced the reward has been increased from $50,000 to $100,000 for information that helps crack the case. "The San Francisco Police Department is offering a $100,000 reward for information leading to the identification, arrest, and conviction of the person(s) responsible for the murder of Kieran Carlson and Brandon Alexander C...

Barnes has 22, career-high 12 assists, as Raptors beat Heat

Published Tue, 05 Nov 2024 16:22:26 GMT

TORONTO (AP) — Pascal Siakam scored 26 points, Scottie Barnes had 22 points and a career-high 12 assists and the Toronto Raptors beat the Miami Heat 106-92 on Tuesday night.O.G. Anunoby scored 22 points, and Precious Achiuwa and Fred VanVleet each had 12 as Toronto won for the 10th time in 11 home games. The Raptors evened their record at 38-38 after outscoring the Heat 62-36 on points in the paint, and 23-10 on fast-break points.Tyler Herro scored 33 points and Bam Adebayo had 21 points and 12 rebounds as Miami lost its second straight. The Heat are 15-22 on the road.Miami played without leading scorer Jimmy Butler, who sat because of a sore neck. Former Raptor Kyle Lowry had six points and five rebounds in 24 minutes. The sellout crowd of 19,800 responded with a warm ovation when Lowry checked in to start the second quarter.Toronto won three of four against Miami, winning the season series for the first time since a 4-0 sweep in 2018-19.The Raptors are 8-0 this season when holding...

Point scores 2, Lightning snap skid with shutout of ‘Canes

Published Tue, 05 Nov 2024 16:22:26 GMT

RALEIGH, N.C. (AP) — Brayden Point had two goals and an assist and the Tampa Bay Lightning snapped a four-game losing streak by defeating the Carolina Hurricanes 4-0 on Tuesday night.Andrei Vasilevskiy made 29 saves, including 12 in the third period, for his third shutout of the season.Steven Stamkos added a goal and an assist as the Lightning wrapped up a four-game road stretch with a much-needed result to stay in good position to reach the playoffs. Alex Killorn scored an empty-net goal with 4:21 remaining.Pyotr Kochetkov made 17 saves as the Hurricanes lost for the third time in four games (1-2-1). Carolina was blanked for the third time in a 10-game stretch.Stamkos scored 5:58 into the second period. He hung out near the net and was on the receiving end of Mikhail Sergachev’s pass, sliding the puck under Kochetkov’s pads for his 31st goal this season.Tampa Bay’s Nikita Kocherov also was credited with an assist on the game’s first goal, giving him 75 this season. He added another...

Frost scores 2 goals, leads Flyers to 4th straight win

Published Tue, 05 Nov 2024 16:22:26 GMT

PHILADELPHIA (AP) — Morgan Frost scored his second goal of the game with 2:15 left in the third period and the Philadelphia Flyers beat the Montreal Canadiens 3-2 on Tuesday night.Frost gave the Flyers a 1-0 lead in the second period with a goal just as the power play expired and he clinched their fourth straight win off a 2-on-1 effort for his 16th goal of the season and a 2-1 lead. Owen Tippett added an empty-netter.Brendan Gallagher and Rafael Harvey-Pinard scored for the Canadiens, who were eliminated from playoff contention with the loss. The Flyers wrapped a seven-game homestand at 5-1-1 and play three more home games before the season mercifully comes to an end. One of the worst teams in the Eastern Conference, the Flyers will miss the playoffs for a third straight seasonCoach John Tortorella, who won his 700th career game this season, has been tasked with turning the Flyers into winners. Despite the late push at home, his first season has been a disaster in just about every ...

North Texas reaches NIT finals, shuts down Wisconsin 56-54

Published Tue, 05 Nov 2024 16:22:26 GMT

LAS VEGAS (AP) — Tylor Perry scored 14 of his 16 points in the first half, Rubin Jones scored all 12 of his after halftime and North Texas closed on a 10-0 run to beat Wisconsin 56-54 on Tuesday night in the semifinals of the NIT.North Texas (30-7) advances to the program’s first NIT championship game on Thursday. Conference USA is now 16-1 this postseason.North Texas, which trailed 41-29 at halftime, took its first lead of the game at 56-54 with 2:08 remaining on Moulaye Sissoko’s shot in the lane to cap a 10-0 run. Wisconsin forward Tyler Wahl missed two free throws with 49.1 seconds left and North Texas worked the clock down before Perry had it poked away. Wahl had a shot blocked at the rim, but Wisconsin secured the loose ball and called a timeout with 5.8 left. Wisconsin got it inside to Wahl but Sissoko knocked it away and dove on the ball to end it.The Mean Green, the nation’s leader in scoring defense at 55.7 points per game, held Wisconsin without a point for th...