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More Than $240 Million of Impact from NASCAR Race

More Than $240 Million of Impact from NASCAR Race

 

Race organizers with southern Nevada annual’s NASCAR weekend estimate the 2012 event made the largest economic impact in its 15-year history.

Las Vegas Motor Speedway officials also said this year marked the fourth consecutive year that the economic impact increased over the previous year.

Held March 9-11, the race weekend accounted for more than $240 million of impact to the local economy, according to figures released by the Las Vegas Convention and Visitors Authority. That represents a jump of more than 26 percent from the 2011 event.

Airmen Warned of Scams Targeting Military Members

Airmen Warned of Scams Targeting Military Members

Our military members protect the country, but there are questions about who is protecting them from financial hardships.

Nevada Attorney General Catherine Cortez Masto and Holly Petraeus, the wife of CIA Director David Petraeus, spent Wednesday at Nellis Air Force Base talking to members of the military about finances.

Petraeus was a longtime military spouse. Before taking the lead at the CIA, David Petraeus was the top U.S. commander in Iraq. Now, she is director of the Office of Service Member Affairs at the Consumer Financial Protection Bureau. She says she understands the difficulties many military members and their families face. She also wanted to remind them that they are prime targets for financial fraud and scams.

Organizers Release EDC Economic Impact Study

Organizers Release EDC Economic Impact Study

 

An economic report released by event organizers shows an economic impact of more than $136 million from last year’s Electric Daisy Carnival.

The three-day music and arts festival held at the Las Vegas Motor Speedway in June 2011 made a large effect according to a report by Beacon Economics, LLC.

The study, commissioned by the producers of EDC, showed that the festival generated an estimated $8.9 million in tax revenue for state and local government.

“When we decided to produce Electric Daisy Carnival in Las Vegas, we anticipated that Las Vegas would experience a significant economic boost as many of our devoted fans are willing to travel to experience the show,” said Pasquale Rotella, president and CEO of Insomniac.

Beacon Economics estimated the amount of spending generated by EDC Las Vegas using data collected via a comprehensive survey of more than 12,000 attendees and data provided by Insomniac.

IRS YouTube Channel Provides Last-Minute Tax Tips

IRS YouTube Channel Provides Last-Minute Tax Tips

With Tax Day upon us, helpful tax-related information can be found on the IRS YouTube channel. The channel, which debuted in August 2009, features numerous IRS experts answering common and not-so-common tax questions.

The IRS YouTube channel is home to hundreds of videos on subjects ranging from how to choose a tax preparer to filing your taxes for free to checking on your refund.

Videos are posted in English, Spanish and American Sign Language. To date, there have been more than 1.7 million views.

Taxpayers can even subscribe to the channel to receive notice of new video offerings. In fact, the IRS will soon be featuring summertime video tax tips.