The IRS is introducing a new Automatic Exemption from Penalty (AEP) program that will begin replacing its longstanding First Time Abatement (FTA) administrative penalty relief for eligible returns with original due dates on or after January 1, 2027. While the change is designed to simplify penalty relief by automatically waiving certain penalties for qualifying taxpayers, it also creates a new strategic consideration that many taxpayers and advisors may overlook. How IRS Penalty Relief Works Almost every taxpayer has missed a tax...

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As Ireland assumes the Presidency of the European Council for the eighth time, ‘security’ features as one of three pillars around which the Irish Presidency's priorities are organized, alongside competitiveness and values.  The Irish Presidency's success will ultimately be measured by its ability to advance the Union's key priorities, including managing and advancing the EU’s security agenda. While some commentators have questioned Ireland’s credibility to lead on security pointing to, for example, its comparatively low spend on defence, its defence...

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Key Points Effective July 24, 2026, CBP suspended the de minimis exemption under 19 U.S.C. Section 1321(a)(2)(C) for international mail shipments valued at $800 or less, replacing it with a formal postal entry process under 19 C.F.R. Part 145. Eligible filers — limited to owners, purchasers, or licensed customs brokers — must submit a monthly IMDW spreadsheet with 10-digit HTSUS classifications, pay duties via ACH debit by the 7th of the following month, and maintain a continuous customs bond in ACE...

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There are still way too many motorists who ignore the fact that correct tyre pressure is important both in cold weather and in hot weather, since temperature is the direct cause of the variations in the pressure itself. That's why controlling it when the seasons change is as important as covering up for winter or losing a few layers for summer. In general, in winter the tyre pressure decreases, while in spring and summer it increases compared to previous months. The...

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