A makeshift memorial is seen, Wednesday, Sept. 2, 2020, in Rochester, N.Y., near the site where Daniel Prude was restrained by police officers. Adrian Kraus | AP Seven officers involved in the response to a call where a Black man was put in a hood and later died have been suspended, the mayor of Rochester, […]

A makeshift memorial is seen, Wednesday, Sept. 2, 2020, in Rochester, N.Y., near the site where Daniel Prude was restrained by police officers. Adrian Kraus | AP Seven officers involved in the response to a call where a Black man was put in a hood and later died have been suspended, the mayor of Rochester, […]

US President Donald Trump talks to supporters upon arrival at Wilmington International Airport in Wilmington, North Carolina, on September 2, 2020. Mandel Ngan | AFP | Getty Images President Donald Trump suggested that people in North Carolina should vote twice in the November election, once by mail and once in-person, escalating his attempts to cast confusion and […]

The IRS announced in a notice Tuesday (Notice 2020-69) that it intends to issue regulations addressing the application of Secs. 951 and 951A to certain S corporations with accumulated earnings and profits (AE&P). The regulations will allow S corporations to elect to have global intangible low-taxed income (GILTI) inclusions increase the S corporation’s accumulated adjustments account (AAA). […]

Convalescent plasma from a recovered coronavirus disease (COVID-19) patient is seen at the Central Seattle Donor Center of Bloodworks Northwest during the outbreak in Seattle, Washington, April 17, 2020. Lindsey Wasson | Reuters A panel of experts convened by the National Institutes of Health said Tuesday there is “insufficient data” to show convalescent plasma works against […]

President Donald Trump suggested Monday that a 17-year-old accused of killing two people during the civil unrest in Kenosha, Wisconsin, may have acted in self defense. “You saw the same tape as I saw, and he was trying to get away from them,” Trump said at a White House press briefing when asked about Kyle […]

Former U.S. Vice President Joe Biden accepts the 2020 Democratic presidential nomination during a speech delivered for the largely virtual 2020 Democratic National Convention from the Chase Center in Wilmington, Delaware, August 20, 2020. Kevin Lamarque | Reuters Democratic nominee Joe Biden released a lengthy statement on Sunday condemning the violent clashes in Portland, Oregon a […]

I love it when I get to be the teacher! I’m participating in a new and exciting online educational platform for accountants and bookkeepers called Advisable by Fathom. Here, I help accountants grow their businesses by offering insights on how to make a successful leap to advisory services. While geared toward accountants and bookkeepers, a […]

The TikTok app icon sits displayed on a smartphone in front the national flags of China and the U.S. in this arranged photograph in London, U.K., on Monday, Aug. 3, 2020. Hollie Adams | Bloomberg | Getty Images An updated export rule from China could jeopardize the sale of TikTok’s  U.S. operations, according to reports published […]

The TikTok app icon sits displayed on a smartphone in front the national flags of China and the U.S. in this arranged photograph in London, U.K., on Monday, Aug. 3, 2020. Hollie Adams | Bloomberg | Getty Images An updated export rule from China could jeopardize the sale of TikTok’s  U.S. operations, according to reports published […]