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NATIONAL CITY, Calif. (KGTV) - One person was shot near a convenience store in National City Tuesday.The shooting happened about 11 a.m. near the 7-Eleven at 151 N. Highland Ave. near Eta.A clerk at the store confirmed the parking lot was blocked off by police. She said she did not see any violence or hear any shots fired.10News is monitoring breaking developments. 375
Millions of small businesses are fighting off permanent closures, looking for every possible penny to help them stay afloat amid the pandemic. However, there is a little-known CARES Act rule that could net small businesses tens of thousands of dollars in just a few weeks, and it helps keep more people employed.Back in March, when Congress passed the CARES Act, most of the focus for businesses was on the billions of dollars allotted for Paycheck Protection Program (PPP) forgivable loans. Congress also included a temporary tax rule, at the same time, for businesses.“If you had a loss in 2018, 2019, or 2020, any of those years, you could carry it back up to five years to generate refunds,” said Chris Catarino, a CPA with the firm Drucker & Scaccetti in Philadelphia.Catarino explained that under the new rule, businesses can generate a tax refund by applying 2020 losses to taxes paid over the past five years, essentially making the tax burden in past years less, netting them the refund.Losses for 2020, though, can only be filed after Dec 31, 2020. However, the temporary rule also applies to 2019 and 2018. So, if a business had losses over those two years, they could carry back those losses to their respective five-year period and possibly generate a refund.Businesses can start filing for a refund on 2018 and 2019 losses now. Catarino explained they would have to file an amended return or 1045 form.“The 1045 is generally quicker,” said Catarino “The IRS is required to respond and process those within 90 days.”The tax refund, under the temporary net operating loss rule, could mean tens of thousands of much-needed dollars for some businesses. However, Catarino pointed out that the biggest refunds would be for businesses with the largest “swing” from the prior years.For example, take a business that did extremely well in 2019. It likely paid a high tax bill that year. Then, this year, it had a significant loss of business. That business could get most of the money it paid in taxes the year prior, possibly even all the money it paid but nothing more than was paid in taxes. The same principle applies to 2018 and 2019.“The idea that they could recoup some taxes that they already paid in the past, today, could really be significant,” said Todd McCracken with the National Small Business Association. “It could mean the difference between keeping your doors open or not.”Although the temporary tax benefit could save some businesses, there is concern that the businesses that may need it the most may not be aware of it.“It is the smallest companies that don’t know, that tend to deal with their taxes once a year,” said McCracken. "They don’t have an ongoing relationship with a CPA. They go have their taxes prepared in the spring and find out, ‘Wow, I could’ve had this benefit all along.’ Next spring, of course, could be too late.”It could be too late for many businesses, especially if another round of coronavirus-related closures occurs and a second stimulus package isn’t passed soon. 3031

More than one in three Americans have delayed a life event or financial milestone because of the COVID-19 pandemic, according to a new survey.Bankrate surveyed about 2,500 Americans in late June. They found 36 percent of participants admitted they have delayed getting married, having a child, buying a home, retiring or another major financial life step.Of those who delayed buying a home, they expect the delay to last six months or longer. Of those delaying buying or leasing a car, 48 percent said their decision could be delayed 6 months or longer.This data matches other financial and job market indicators that the country is in a recession and a rebound could take time.In the survey: 11.6 percent said they are delaying finding a new job, 11.3 percent are delaying buying or leasing a new car, 8.6 percent are delaying buying a home, 7.1 percent are delaying furthering their education, 4.8 percent are delaying having children, 4.5 percent are delaying getting married and 4.5 percent are delaying retirement.As for how the respondents’ situation was since the pandemic started, 29 percent said their financial situation has worsened since the beginning of the year. 1184
More than 7,000 people who work at Disney World are worried about the park reopening.They've signed an online petition saying "this virus is not gone, unfortunately, it's only become worse in this state."Coronavirus cases are surging in Florida as the park preps for a phased reopening July 11.Disney is putting several measures in place to reopen safely, but staffers who signed the petition are hoping they'll reconsider, saying it's not fair to ask the people who work there to risk their lives.About 10% of Disney's workforce have signed this particular petition, and there's a similar petition by Disneyland workers in California which has nearly 50,000 signatures.Disney plans to reopen all 12 of its theme parks around the world by mid-July. 756
MILWAUKEE — A Milwaukee woman who contracted the COVID-19 virus thought it came back last month, but instead, received a potentially life-saving diagnosis.Melissa Armour tested positive back in March for the coronavirus. Her symptoms were severe, and she was hospitalized."You have double pneumonia, you have the dry cough, you have a fever of 104 [degrees]," said Armour.She battled it for weeks, and seemed to recover. That was until her symptoms returned in August."I would be coughing out my lungs," Armour said. "I couldn't even talk."At first glance, it appeared the virus had returned stronger than before."They did X-rays, CT scans," she said. "They found that my left lung partially collapsed and I had pneumonia again."But when her tests came back, she received an unexpected diagnosis."I was like, check it again," Armour said.It wasn't COVID-19, it was cancer."I just couldn't believe it," she said. "And the doctors and the nurses were like 'well you might not like to hear this but the coronavirus actually saved your life because we caught leukemia on time.'"Armour was cared for by Dr. Zartash Gul, a hematologist oncologist at Aurora St. Luke’s Medical Center, and Dr. Federico Sanchez, the medical director for Aurora Cancer Care. They said because they caught her leukemia early enough, they were able to start Armour on a mild treatment.If they had caught it until later, they might have had to administer a more aggressive plan."I think it benefited her in the sense that, because of her concern for COVID, she showed up and she was diagnosed maybe slightly earlier than she could have," Gul said."Everything looks like COVID and COVID looks like everything else," Sanchez said. "So, it's very difficult to determine what you have in this time with a pandemic. Everybody has COVID until proven otherwise."Armour is one of the lucky ones during this pandemic.A study done by the Journal of American Medical Association looked at new diagnoses of six common cancers during the pandemic, and found diagnoses are down 46 percent. Leukemia was not one of the cancers included in the six.The Journal of Clinical Oncology looked at two common cancer screenings and found those are significantly down as well. Mammograms are down 89 percent, and colorectal screenings down 84 percent.At Aurora St. Luke's, Sanchez estimates their screenings are down by about 40 percent, adding that could have serious impacts down the road."Our concern has been that we've been bracing ourselves and we started to see the effects," Sanchez said. "That we're going to be seeing a lot more advanced cancers in the next coming year, just because we miss the opportunity to find them early."Gul points out that Armour likely would have come in for treatment at some point for her leukemia."Leukemia is a fast-growing disease that [doesn't] have a screening program for the patients (who) are sick when they come," Gul said.But more and more people are putting off routine cancer screenings, potentially for fear of contracting the virus at the doctor's office or hospital."I would hate for people to miss an operable lung cancer or operable breast cancer or colon cancer that could be cured, I'm literally saying cured," Sanchez said.They want people to treat their health as essential."I would say that coming to the hospital is probably safer than going into a restaurant at this time," Sanchez said.Despite the potentially life-saving diagnosis, Armour wants people to take the virus seriously and wear a mask.This story originally reported by Marty Hobe on TMJ4.com. 3572
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