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Archives for 2020
Final regs. govern eligible terminated S corporation rules
The IRS on Tuesday issued final regulations (T.D. 9914) under Secs. 481(d) and 1371(f) regarding the treatment of “eligible terminated S corporations” (ETSCs). The regulations provide guidance on the definition of an ETSC and rules relating to distributions of money by such a corporation after its post-termination transition period. They also amend the regulations under […]
QR Codes Serve Up a Menu of Security Concerns
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How to Start Consulting Business? – Consultant Business
Consulting Business is zero investment and easy to start. You can start a consultancy business part-time. Life as a consultant is full of challenges. They come across many challenges. However, they enjoy flexible working hours and live life on their own terms. After all, they are the boss. Consultants are always paid well & almost […]
Justice Department subpoenas publisher of John Bolton’s tell-all book about Trump, reports say
A copy of “The Room Where It Happened,” by former national security adviser John Bolton is staged by a television crew at the White House on Thursday, June 18, 2020 in Washington, DC. Jabin Botsford | The Washington Post | Getty Images The Department of Justice has opened a criminal inquiry related to the publication […]
Wells Fargo provides few updates on growth, cost-cutting plans
Wells Fargo continues to face harsh realities as the third quarter draws to a close. The coronavirus pandemic. Job cuts. Revenue challenges. A reduced dividend. And an asset cap that’s costing the San Francisco company market share and forcing it to reject business to keep its balance sheet in check. Outgoing CFO John Shrewsberry told […]
Schumer calls for HHS Secretary Azar to resign immediately as Democrats probe coronavirus reporting
US Senator Chuck Schumer demands Veterans Affairs (VA) to answer purpose of recent bulk order of Hydroxychloroquine medication during COVID-19 pandemic at 780 3rd Avenue. Lev Radin | Pacific Press | Getty Images Senate Minority Leader Chuck Schumer on Tuesday called for HHS Secretary Alex Azar to resign immediately as Democrats investigate whether Trump administration […]
JPMorgan productivity falls for staff working at home
A troubling pattern emerged as most of JPMorgan Chase’s employees worked from home to stem the spread of COVID-19: productivity slipped. Work output was particularly affected on Mondays and Fridays, according to findings discussed by CEO Jamie Dimon in a private meeting with Keefe, Bruyette & Woods analysts. That, along with worries that remote work […]
Gambling
More anecdotes / data on the gambling phenomenon I blogged about this weekend…Bloomberg News via Peter Boockvar: The ProShares Ultra Pro QQQ (TQQQ), which mimics the NDX but three times the daily exposure, collected $1.5b in the past 8 trading days, the most over this time frame since 2010. The money though came in as […]
Dispute over DST talks continues
National governments are moving forward with their own digital services tax (DST) as patience wears thin on progress of rules at the OECD level. “Every tax jurisdiction is going to be under pressure to collect more from all taxpayers, but probably foreign taxpayers are an easier target than local taxpayers,” says Laurence Field, partner at […]