Holds up from the IRS slow down electric vehicle sales as tax credit deadline approaches, say car dealers.
IRS Delays Impact EV Sales Amid Upcoming Tax Credit Expiration On April 30, 2025, reports have surfaced that the Internal Revenue Service (IRS) has been slow to approve and disburse federal tax credits for electric vehicles (EVs), which is causing significant issues for car dealers and affecting EV sales just as these credits are about […]
Important exemption missing from certain Gwinnett County tax bills
Metro Atlanta Hundreds of property tax bills have been adjusted due to a software error that unintentionally removed important exemptions. Many homeowners in Gwinnett County received property tax bills that were unexpectedly high, as reported by the Tax Secretary’s Office. This problem arose when a contractor responsible for tax software mistakenly omitted an exemption that […]
Barclays CEO reaffirms commitment to the U.K. despite potential bank tax issues
Barclays Chief Optimistic Amid Tax Concerns Venkata Krishnan, the Chief of Barclays, has successfully doubled the bank’s business in the UK, even as the nation faces increasing domestic tax pressures. There’s a sense of optimism among executives, likely due to analysts and investors hoping that the UK government might target the banking sector for tax […]
Trump reveals a 25% tax on trucks and a 30% tax on furniture
Trump Announces New Tariffs on Household Goods and Trucks On Thursday, President Donald Trump revealed an extensive set of tariffs on various household items, such as imported kitchen cabinets and specific furniture types. Additionally, new tariffs on trucks and pharmaceuticals were also announced. “Starting October 1, 2025, we’ll impose a 50% tariff on all kitchen […]
IRS informs court that Arizonans do not have the right to a tax refund on family rebate
The IRS informed the appeals judge that 750,000 residents of Arizona shouldn’t receive a $20 million class refund related to federal income taxes for state tax refunds in 2023. In a recent filing with the 9th Circuit Court of Appeals, attorney Anthony Sheehan from the Justice Department argued that Arizona’s payment method is indeed taxable. […]
Illinois Revenue Department Reveals 2025 Tax Amnesty Program
Illinois Tax Amnesty Program Encouraged by IDOR The Illinois Department of Revenue (IDOR) is urging both individuals and businesses to take advantage of the 2025 Illinois Tax Amnesty Program. This program, established under the Illinois Tax Delinquent Amnesty Act, enables taxpayers to settle eligible tax debts without incurring penalties or interest if paid within the […]
Wisconsin Planned Parenthood clinics to temporarily stop abortion appointments due to Trump tax law
Wisconsin’s Planned Parenthood will halt abortion appointments starting October 1, primarily due to the implications of President Trump’s tax and spending policies, as announced by the organization on Thursday. This change is meant to be temporary, according to Tanya Atkinson, president and CEO of Planned Parenthood of Wisconsin. “Our priority at Planned Parenthood of Wisconsin […]
IRS alters the process for receiving your tax refund
The IRS has announced a significant shift in how tax refunds will be distributed. Starting September 30th, it will stop issuing paper checks in line with a new federal requirement aimed at transitioning to electronic payments. The overall tax filing process will remain unchanged, but refunds will now be sent via direct deposits or other […]
San Sebastian Creative Investors’ Conference: 7 Insights, From U.S. Tax Credit Issues to Europe’s Scaling Challenges and Solutions for Latin America
San Sebastian’s Creative Investors’ Conference Overview The third edition of the Creative Investors’ Conference in San Sebastian, co-organized with CAA Media Finance, concluded with insightful discussions. A notable exchange took place at Mano A Mano between Roeg Sutherland, co-head of CAA Media Finance, and Patrick Wachsberger, CEO of 193, focusing on the dynamics between the […]
IRS changes its process for managing tax returns: Key information to understand
Changes to IRS Tax Refund Process For quite some time, the IRS has offered taxpayers the choice between receiving their refunds through paper checks or direct deposits. However, this practice is about to change. Starting September 30, the IRS and the U.S. Treasury Department will begin phasing out paper refund checks. “This is the first […]