Latest news with #SSN
Yahoo
a day ago
- Business
- Yahoo
Do you need to be a business owner to qualify for the limited-time Amex Business Platinum offer?
The Business Platinum Card® from American Express currently has an excellent limited-time offer. Until June 30, 2025, you can earn a statement credit in addition to a large number of bonus points. Here's the good news: You don't need a specific type of business to qualify for the Amex Business Platinum offer. Your business doesn't even have to be registered or established. See how you can qualify for this and other business credit cards as an owner of a startup, as a freelancer, or even someone with a side hustle. Perhaps surprisingly, the eligibility criteria for business credit cards, including the Amex Business Platinum, are less strict than you might imagine. Do I need an established or registered business? No, your business doesn't have to be established or registered to qualify for a business credit card. You can have a new business and still qualify. What if I'm a freelancer or sole proprietor? Sole proprietorships are one of the eligible options for company structures on most business card applications. You're typically classified as a sole proprietor if you run a business by yourself, which is often the case as a freelancer or independent contractor. What if I don't have a legal business name? You typically use your own name as your legal business name if you're a sole proprietor. What if I'm a startup and don't have any income? Startups can also qualify for business credit cards, so it's not necessary to have any income yet — you can put your estimated revenue on the application. What if I don't have any business credit history? Most new small business owners won't have any business credit history, which is okay. Major credit card issuers often check your personal credit history when you apply for a business credit card. This can have a small, temporary impact on your personal credit. What if my industry type isn't on the application? Try to choose the industry type that's closest to the type of business you do. Most business card applications don't have every business type available. What if I'm not sure of my estimated monthly spend? Make your best estimated guess as to what you think your monthly business spending will be. The key to applying for any financial product is to be honest. What is my Federal Tax ID? You typically only have to provide a Federal Tax ID, also known as an employer identification number (EIN), if you have a registered business, such as a corporation or partnership. As a sole proprietor, you likely don't need to provide more than your Social Security number (SSN). In short, all types of business owners may qualify for the Amex Business Platinum and other business credit card offers. There are other factors to consider, such as your personal credit score and applicable spending requirements, but you don't need to be a large corporation or even a registered business at all. Freelancers and people with side hustles may also Amex Business Platinum offer's terms and conditions state you may not be eligible for this offer if you: Have had this card or previous versions of this card Have a certain history with credit card balance transfers Have a certain history as an American Express cardmember Have opened or closed a certain number of credit cards Are unable to meet the conditions pertaining to other factors One area of concern for prospective cardholders is whether they qualify for a business credit card at all because of the type of business they run. The good news is American Express will let you know if you qualify for one of its credit card welcome offers before you actually apply (and potentially impact your credit score).The Amex Business Platinum travel rewards card has a publicly available offer where you can earn 150,000 Membership Rewards points after spending $20,000 on eligible purchases in the first three months. You can also earn a $500 statement credit after spending $2,500 on eligible flights booked through American Express Travel ( or directly with airlines within the first three months. The offer ends on June 30, 2025. It depends on how you redeem the points, but they're worth at least $1,500 toward airfare and similarly toward gift cards (depending on the gift card). They could be worth more if you redeem them toward specific flights after transfers to partner airlines. For example, you could get over $2,000 or $3,000 in value if you transfer your points to Singapore Airlines Krisflyer, Air France-KLM Flying Blue, or another partner and book an international flight in business Amex Business Platinum Card may be worth it if you can take advantage of enough of its perks and benefits to offset its hefty $695 annual fee. This could include traveling enough to use its complimentary access to airport lounges and its many annual credits, such as up to a $200 airline fee credit and up to a $199 CLEAR Plus possible to have more than one Amex Business Platinum Card and receive the welcome bonus more than once if you have multiple businesses or receive targeted card offers with terms and conditions that let you earn multiple offers. Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to the Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank's website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
Yahoo
4 days ago
- General
- Yahoo
Bristol Bay Government Services Group Notifies Individuals of a Data Security Incident
SAN ANTONIO, May 27, 2025 /PRNewswire/ -- Bristol Bay Government Services Group, LLC ("BBGSG"), formerly known as Bristol Bay Shared Services, LLC ("BBSS"), is encouraging individuals to take precautionary measures to protect their information following a security incident. BBGSG is a service provider to its wholly owned subsidiaries. As part of its operations, BBGSG collects personal information from its workers, such as employees and contractors, as well as vendors. On or around October 19, 2024, BBGSG became aware of a security incident impacting a portion of its environment. Upon detection, BBGSG immediately took steps to secure its systems and engaged external cybersecurity specialists to assist with the investigation. BBGSG then conducted a review of the data involved to determine whose information may be involved and to what extent. After investigating the incident, BBGSG determined that the specific information involved may differ for each individual. The details depend on the person's relationship or connection with BBGSG. This information may include contact details like name and address, and possibly one or more of the following: Social Security number (SSN), government-issued identifier (such as a driver's license, state ID, or passport number), financial account information, medical information, passport, and health-related information. BBGSG is currently sending letters to individuals whose contact information is known to BBGSG. BBGSG has also established a dedicated website for individuals to learn more about this incident and access resources to help protect their information. The website is available at If individuals have any questions relating to this incident, they are encouraged to contact BBGSG's dedicated, toll-free number set up for this incident at 855-260-0803, which is available Monday through Friday from 9:00am to 9:00pm Eastern Time. View original content: SOURCE Bristol Bay Government Services Group, LLC
Yahoo
22-05-2025
- Business
- Yahoo
Exclusive Interview with Leandro Iglesias, CEO of IQSTEL, Inc. (Symbol: IQSTD) Regarding Global Technology Small Share Structure Positioned to Benefit Shareholder Value via NASDAQ Uplisting and Strong Revenue Growth Aimed at $1 Billion by 2027
For more information on $IQST - $IQSTD visit: NEW YORK, May 8, 2025 /PRNewswire/ -- IQSTEL Inc. (Symbol: IQSTD) is a U.S.-based multinational technology company in the final stages of becoming listed on Nasdaq. IQSTEL's mission is to empower lives by delivering essential, technology-driven solutions that meet modern human needs. IQSTEL believes that in today's interconnected world, basic human aspirations—such as security, connection, opportunity, and growth—depend on reliable access to communication, financial tools, sustainable mobility, and intelligent services. Through its growing portfolio in telecommunications, fintech, cybersecurity, and AI, IQSTEL is building a platform that bridges the gap between innovation and inclusion, enabling people everywhere to thrive. IQSTEL is strategically positioned to achieve $1 billion in revenue by 2027, driven by organic growth, targeted acquisitions, and the commercialization of innovative technology offerings. IQSTEL Divisions and Offerings Telecommunications Services Division (Communications):Delivers robust solutions including VoIP, SMS, International Fiber-Optic Connectivity, and new telecommunications technologies. Fintech Division (Financial Freedom):Enables inclusive financial access with remittance services, mobile top-ups, a MasterCard debit card, U.S. bank accounts without SSN, and a secure mobile app designed for unbanked and underbanked populations. Artificial Intelligence (AI) Services Division (Information and Content):Provides next-generation AI engagement tools ( including a white-label 3D virtual assistant interface that supports customer service, entertainment, and transactional experiences across web and voice platforms. Cybersecurity Services:In partnership with Cycurion, IQSTEL now offers enterprise-grade cybersecurity, including 24/7 monitoring, threat detection, incident response, vulnerability assessments, and regulatory compliance solutions—supporting telecom and enterprise customers alike. Strategic Developments ItsBchain MOU – Value Creation for Shareholders:IQSTEL also signed an MOU to sell its blockchain-focused subsidiary ItsBchain to Accredited Solutions, Inc. (ASII). As part of this transaction, $500,000 worth of ASII shares will be distributed directly to IQSTEL shareholders, reinforcing the company's commitment to delivering tangible value and strategic returns to its investor base. Strong Financial Results & Shareholder Value Growth:On March 31, IQSTEL published its 2024 Shareholders Letter, highlighting a year of exceptional financial performance and strategic progress. The company reported $283.2 million in revenue, reflecting a 95.9% year-over-year increase, and a revenue per share of $1.40, marking a 66.7% improvement from the prior year. Total assets surged to $79 million, a 257% increase, and stockholders' equity rose to $11.9 million, up 48% year-over-year. Most notably, stockholders' equity per share increased by 25.4%, reflecting IQSTEL's strong commitment to building long-term shareholder value. These milestones reinforce the company's scalable growth model and clear trajectory toward becoming a profitable, $1 billion revenue company by 2027. On May 7th, 2025 IQSTEL CEO Leandro Iglesias sat down with Corporate Ads to conduct the following detailed interview for the benefit of IQST shareholders and other investors. This transcript is exclusive to the distribution of the Corporate Ads awareness program. Corporate Ads: IQSTEL has now been set up with a small share structure that is very beneficial to investors. Currently the Company has an Outstanding Share count of about 2.6 million which makes the stock very lean and free to move significantly in response to buying pressure from the market. With the advantage of this responsive share structure do you expect IQSTEL stock value to appreciate more rapidly than similarly prices equities in response to reports of the Company's business plan success? Leandro Iglesias: Absolutely. The current lean share structure—around 2.6 million outstanding shares—was intentionally designed as part of our reverse split strategy to enhance investor value and position the company for long-term growth. We believe a tight float may create a powerful dynamic where the stock would respond more efficiently to market demand and to the successful execution of our business plan. As IQSTEL continues to deliver strong financial results, expands its high-margin service offerings, and advances toward a NASDAQ listing, we fully expect that any buying pressure could translate more directly into share price appreciation than in companies with bloated share structures. This structure also aligns with our broader goal of attracting long-term, value-oriented investors, including institutions that appreciate the discipline behind maintaining a clean, high-integrity capital structure. Corporate Ads: IQSTEL is being moved towards a NASDAQ uplisting from the OTC where the company's stock has been listed. NASDAQ offers higher investor visibility, company validation due to its higher listing requirements and a much broader base of potential investors with higher capital levels. When IQSTEL is awarded its NASDAQ listing, do you expect a major change in shareholder base size and investment power to develop? Leandro Iglesias: Yes, we expect a significant shift in both the size and quality of our shareholder base once IQSTEL is listed on NASDAQ. Being on NASDAQ gives us global visibility and makes our stock accessible to a much broader pool of international investors—something that was strategically important to us. About four years ago, we experienced a strong wave of investor interest from the UK, driven by the availability of our stock on local trading platforms. However, when UK brokers restricted access to OTC-listed stocks, that investor flow was cut off—even though demand for IQSTEL remained strong. This is a common issue internationally: for many people outside the U.S., buying an OTC stock is complicated or simply not allowed. A NASDAQ listing changes that completely. It opens the door for thousands of people around the world who already know our brand, use our services, or do business with us to finally invest with ease. In addition, many family offices, institutional investors, and funds have internal restrictions that prevent them from investing in OTC-listed or sub-$3 stocks. Simply by being listed on NASDAQ, we immediately qualify for inclusion in their watchlists, and we believe this would have a profound impact on our visibility and capital access. This is exactly where our investment bank partner, Alliance Global Partners, will play a key role helping us communicate IQSTEL's growth strategy and $1 billion revenue vision to a global network of qualified investors, institutions, and strategic partners. Corporate Ads: The IQSTEL move to NASDAQ is a direct listing, not raising capital as part of the uplisting because the Company already meets the required stockholders' equity requirement. This approach avoids dilution and preserves shareholder value. As a result, do you feel this make the IQSTEL listing a significantly better opportunity than other choices for NASDAQ investors? Leandro Iglesias: Yes, we believe our NASDAQ direct listing represents a significantly better opportunity for investors compared to many traditional uplistings that involve immediate capital raises and accompanying dilution. Our decision to pursue a direct listing was grounded in financial discipline and strategic intent. IQSTEL already meets the stockholders' equity requirement to list on NASDAQ without raising new capital. This strong position allowed us to move forward without adding a new financing round that could create additional pressure on the stock or dilute existing shareholders. Importantly, IQSTEL has only one lender with convertible notes maturing in 2026. That gives us breathing room and eliminates short-term pressure to convert and sell—a common issue in companies using convertible debt to uplist. We've built a long-standing, stable relationship with this investor, who is fully aligned with our long-term vision of becoming a $1 billion revenue company. In contrast to uplistings where new investors often enter just to flip shares post-listing, we've chosen to maintain control and protect shareholder value. Our structure ensures that new NASDAQ investors are coming into a clean, tightly managed cap table, free from overhang, and with leadership and investors focused on long-term growth—not short-term exits. This strategy reflects our confidence in the business and our commitment to responsible growth. We believe it offers NASDAQ investors a more stable, high-quality entry point into a company with a proven platform and clear path to a potential significant upside. Corporate Ads: For 2024 IQSTEL reported $283 million in revenue or $1.40 per share, yet market capitalization remains at only about 10% of that figure. Do you feel this clear undervaluation is largely due to a lower level of investor interest in OTC listed equities in general and, will be likely self-correcting as a result the upcoming NASDAQ uplisting? Leandro Iglesias: Yes, we believe the current undervaluation of IQSTEL is largely due to the limitations of the OTC market, where most of the institutional investors generally do not participate and retail investor visibility is constrained. IQSTEL has simply outgrown the OTC—we've become too big and too operationally sophisticated for a market that doesn't reflect the full value of what we've built. In 2024, IQSTEL reported $283 million in revenue, or $1.40 per share, yet our market capitalization remains at only about 10% of that figure. This kind of disconnect is not based on fundamentals—it's based on market structure. That's why we made the strategic decision to uplist to NASDAQ. We are confident that, once listed on NASDAQ, we would gain the attention of institutional investors who have mandates that prohibit OTC investments, as well as a broader global retail audience that currently finds it difficult to access OTC stocks. IQSTEL has a very small float, which means even moderate interest from new investors could drive significant upward pressure on the stock, creating a powerful potential revaluation opportunity. It's also important to note that telecom companies listed on national exchanges often trade at or above 1.0x revenue, even when some of them are not profitable and growing at modest rates. IQSTEL, by contrast, is delivering an exceptional growth rate of 96% year-over-year, backed by a proven revenue base, a scalable global business platform, and improving profitability. These are fundamentals that we believe the market will price more accurately once we are listed on a national exchange like NASDAQ. Corporate Ads: IQSTEL has already demonstrated track record of improving year over year across key operational financial metrics including revenue, gross profit, EBITDA, and assets while growing at a very impressive rate of 96% year-over-year. This performance demonstrates consistent execution and the scalability of its business model. Can you quote us some of the most important financial highlights that the Company has been able to report to date? Leandro Iglesias: Yes, IQSTEL has already established a solid track record of consistent year-over-year improvement across all key operational metrics—including revenue, gross profit, EBITDA, and total assets—while maintaining a remarkable 96% year-over-year growth rate. This performance is a direct reflection of both scalable execution and a disciplined, resilient business model. Some of the most important financial highlights we've reported to date include our Preliminary Q1 2025 results: Net Revenue: $57.6 million, up 12% from $51.4 million in Q1 2024 Gross Profit: $1.93 million, a 40% increase from $1.38 million in Q1 2024 Gross Margin: Improved to 3.36%, up 25% from 2.68% in Q1 2024 Adjusted EBITDA (Telecom Division): $593,604 We also reported $98.8 million in revenue for Q4 2024, demonstrating strong momentum entering 2025. Historically, IQSTEL's second-half performance has significantly outpaced the first half, which gives us even more confidence in the growth ahead. Beyond revenue and profitability, IQSTEL holds $79 million in assets—yet our market valuation continues to reflect only a small fraction of that. Even from a pure balance sheet perspective, the current valuation does not make sense. When you combine this with our operational performance, global business relationships, and upcoming NASDAQ listing, it becomes clear that the upside potential is not only compelling—it would be structural. Corporate Ads: Comparable telecommunications and technology companies listed on NASDAQ and NYSE typically trade at revenue multiples starting at 1.0x, depending on factors such as growth outlook, profitability, market conditions, and industry subsector dynamics. How do you anticipate IQSTEL will perform for the balance of 2025 and beyond once the planned NASDAQ listing is achieved? Leandro Iglesias: We believe IQSTEL is entering a transformational phase. Once the NASDAQ listing is achieved, we expect that the market will begin to value the company in line with other telecommunications and technology firms trading on national exchanges—where revenue multiples typically start at 1.0x, even for companies that are not profitable. In contrast, IQSTEL is already delivering strong fundamentals: $283 million in revenue in 2024, a forecast of $340 million for 2025, growing gross margins, improving Adjusted EBITDA at the operating subsidiary level, and a solid asset base of $79 million. Yet, our valuation remains at just 0.07x revenue, highlighting a significant potential disconnect between market value and financial performance. Looking ahead to the balance of 2025 and beyond, we expect: Continued revenue growth as we execute on our $340 million forecast Ongoing improvements in Adjusted EBITDA from our operating subsidiaries Margin expansion through the introduction of high-tech, high-margin offerings Greater visibility and credibility with global institutional and retail investors Enhanced access to strategic, higher-quality acquisitions that will act as catalysts in our journey toward achieving $1 billion in annual revenue Being on NASDAQ doesn't just improve visibility—it gives us the platform and reach to scale faster, attract better partners, and unlock long-term value that simply isn't available in the OTC environment. Corporate Ads: The IQSTEL business platform reflects years of technological development, and commercial trust-building, securing interconnection agreements with the largest telecommunications networks worldwide. IQSTEL has successfully built a global network of reliable customers and vendors, exchanging hundreds of millions of dollars annually. What will it require to maintain and further grow the global business landscape that the Company has developed? Leandro Iglesias: Maintaining and expanding IQSTEL's global business platform will require continued focus on technological execution, operational discipline, and long-term relationship management. However, it's important to emphasize that what we've built could be extremely difficult to replicate. Our platform is the result of years of technical integration and commercial trust-building, including securing interconnection agreements with the world's largest telecom networks and establishing a global ecosystem of reliable customers and vendors, with hundreds of millions of dollars exchanged annually. This high barrier to entry creates a foundation of stability in our operations. And from here, the opportunity is not just to maintain—it's to scale efficiently. Our model is highly scalable: we could nearly double current revenue without a proportional increase in operating expenses. This means that as we grow, a significant portion of the gross profit has the potential to flow directly to the bottom line, potentially enhancing EBITDA and net income at an accelerated pace. In short, the infrastructure is already in place. Our focus now is on leveraging that foundation to deliver profitable growth, expand our portfolio of high-margin services, and maximize the return on the platform we've built. Corporate Ads: IQSTEL has projected a strategic roadmap to reach $1 billion in annual revenue by 2027. With a diversified portfolio spanning telecom, AI, fintech, and cybersecurity, operations in over 20 countries, and a team of 100 highly motivated and committed professionals. Is this still a realistic goal and for the Company infrastructure currently in place? Leandro Iglesias: yes, we believe reaching $1 billion in annual revenue by 2027 is not only realistic—it's a strategic target that becomes even more achievable once we are listed on NASDAQ. With our current infrastructure—including a diversified portfolio spanning telecom, AI, fintech, and cybersecurity, operations across 20+ countries, and a team of 100 highly motivated and committed professionals—we have already laid the foundation for scalable growth. Once on NASDAQ, the combination of: Growing revenue (projected at $340 million in 2025), Continued improvement in Adjusted EBITDA, and Enhanced market visibility and credibilitycould drive a re-rating of our valuation toward industry benchmarks, where telecom and tech companies typically trade at revenue multiples starting at 1.0x. Moreover, our tiny float creates a structure where any incremental investor interest could translate into exponential valuation momentum, especially as we continue to execute successfully and communicate our growth story more broadly to institutional investors. So yes—with our platform in place and the NASDAQ listing as a catalyst, we view our $1 billion revenue goal as both realistic and within reach. Corporate Ads: Thank you, Leandro Iglesias, President and CEO of IQSTEL. We look forward to speaking with you again in the future as all of your progress and plans move forward towards the goal of becoming a $1 billion company by 2027. DISCLAIMER: Disclosure listed on the CorporateAds website About IQSTEL Inc. IQSTEL Inc. (OTCQX: IQSTD) is a multinational technology company offering cutting-edge solutions in Telecom, Fintech, Blockchain, Artificial Intelligence (AI), and Cybersecurity. Operating in 21 countries, IQSTEL delivers high-value, high-margin services to its extensive global customer base. IQSTEL projects $340 million in revenue for FY-2025, building on its strong business platform. Use of Non-GAAP Financial Measures: The Company uses certain financial calculations such as Adjusted EBITDA, Return on Assets and Return on Equity as factors in the measurement and evaluation of the Company's operating performance and period-over-period growth. The Company derives these financial calculations on the basis of methodologies other than generally accepted accounting principles ("GAAP"), primarily by excluding from a comparable GAAP measure certain items the Company does not consider to be representative of its actual operating performance. These financial calculations are "non-GAAP financial measures" as defined under the SEC rules. The Company uses these non-GAAP financial measures in operating its business because management believes they are less susceptible to variances in actual operating performance that can result from the excluded items, other infrequent charges and currency fluctuations. The Company presents these financial measures to investors because management believes they are useful to investors in evaluating the primary factors that drive the Company's core operating performance and provide greater transparency into the Company's results of operations. However, items that are excluded and other adjustments and assumptions that are made in calculating these non-GAAP financial measures are significant components in understanding and assessing the Company's financial performance. These non-GAAP financial measures should be evaluated in conjunction with, and are not a substitute for, the Company's GAAP financial measures. Further, because these non-GAAP financial measures are not determined in accordance with GAAP, and are thus susceptible to varying calculations, the non-GAAP financial measures, as presented, may not be comparable to other similarly-titled measures of other companies. Adjusted EBITDA is not a recognized accounting measurement under GAAP; it should not be considered as an alternative to net income, as a measure of operating results, or as an alternative to cash flow as a measure of liquidity. It is presented here not as an alternative to net income, but rather as a measure of the Company's operating performance. Adjusted EBITDA excludes, in addition to non-operational expenses like interest expenses, taxes, depreciation and amortization; items that we believe are not indicative of our operating performance, such as: Change in Fair Value of Derivative Liabilities: These adjustments reflect unrealized gains or losses that are non-operational and subject to market volatility. Loss on Settlement of Debt: This represents non-recurring expenses associated with specific financing activities and does not impact ongoing business operations. Stock-Based Compensation: As a non-cash expense, this adjustment eliminates variability caused by equity-based incentives. The Company believes Adjusted EBITDA offers a clearer view of the cash-generating potential of its business, excluding non-recurring, non-cash, and non-operational impacts. Management believes that Adjusted EBITDA is useful in evaluating the Company's operating performance compared to that of other companies in its industry because the calculation of Adjusted EBITDA generally eliminates the effects of financing, income taxes, non-cash and certain other items that may vary for different companies for reasons unrelated to overall operating performance and also believes this information is useful to investors. Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. Words such as "anticipate," "believe," "estimate," "expect," "intend", "could" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our ability to complete complementary acquisitions and dispositions that benefit our company; our success establishing and maintaining collaborative, strategic alliance agreements with our industry partners; our ability to comply with applicable regulations; our ability to secure capital when needed; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and IQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. For more information, please visit View original content to download multimedia: SOURCE iQSTEL
Yahoo
19-05-2025
- Automotive
- Yahoo
What do you need to register a car in Tennessee?
Vehicle registration is a legal requirement for car owners in every state. This process involves submitting documents to your state's local county clerk's office. So, what do you need to register a car in Tennessee? Here's what to bring with you before getting in line at the office. To register a car in the state of Tennessee, you need to either submit one primary proof of identification document or two secondary proof of identification documents to your local county clerk's office, according to the Tennessee Department of Revenue. Photo driver license (U.S. or other country), photo ID card, photo learner permit Birth certificate (original or certified copy) Passport Immigration and U.S. Customs Enforcement documentation Computerized check stub (with full name) Word IDs (preferably with photo) Social security documents (original SSN card, benefits statements, etc.) Health insurance card IRS/state tax form Financial institution documents You also need to bring your vehicle's Certificate of Title (or Manufacturer's Statement of Origin), proof of a passed inspection, and proof that your vehicle is insured in the state of Tennessee. So, the registration process can require as many as five different documents. You will have to pay a registration fee and license plate fee to fully register your vehicle in Tennessee. A lease fee may also apply if you are leasing your vehicle. We live in the age of same-day shipping and contactless food deliveries. Luckily for Tennesseans, vehicle registration can be conveniently done from the comfort of your own home as well via a laptop or mobile device. You can renew your registration on Tennessee County Clerk. Some vehicles aren't eligible for online registration, so you may have to go to your local county clerk's office. Furthermore, registrations must be renewed annually. If you're moving to the state of Tennessee, you'll have to visit your nearest county clerk location for a Certificate of Title and vehicle registration. You have 30 days to register your car in the state of Tennessee, according to Additionally, you must surrender your out-of-state Certificate of Title to your local county clerk's office before receiving a new Certificate of Title from Tennessee. If you do not have a title for your vehicle, you will need to bring the name and address of your lienholder as well as your old registration to the county clerk's office. You don't need a Tennessee license to register a vehicle in the Volunteer State initially. That said, you will still have to provide proof of residence in the state and may be required to obtain a Tennessee license within 30 days. Registering a car in Tennessee for the first time can be complicated, but preparing for the process can save you trips to the county clerk's office. Be sure to have proof of identification, insurance, your car's title, proof of inspection, and a payment method for fees ready before heading to register a vehicle for the first time in Tennessee. This article originally appeared on Nashville Tennessean: Want to register a car in Tennessee? You need these documents
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Business Standard
16-05-2025
- Business
- Business Standard
NRIs in US may soon have to pay ₹5,000 tax on every ₹1 lakh sent to India
If you're an NRI living in the United States and regularly send money home to India, a proposed new tax could soon make those transfers more expensive. The Republican-backed draft legislation, referred to as the 'Big Beautiful Bill', introduces a 5 per cent levy on all overseas remittances made by non-citizens. If passed, the rule could take effect from July 4, 2025, making you liable to pay an extra fee every time you send money abroad—from family support and education to healthcare and investments. 'For example, if you send $1,160—or around ₹100,000—to your parents in India, you may have to pay ₹5,000 more in tax,' said Rajarshi Dasgupta, executive director – tax. 'That money will be collected by the remittance provider—be it Western Union, MoneyGram or a bank—and passed on to the US government every quarter," he told Business Standard. Who will have to pay the tax You will be affected if you: Hold a visa such as H-1B, F-1, or J-1 Have a green card Are undocumented Use a remittance provider that is not formally approved by the US Treasury The only people exempt are verified US citizens or nationals, and only if they use a 'qualified' provider—one that has an official arrangement with the government to confirm your citizenship status. If you're a citizen but still get taxed by mistake, you'll need a valid Social Security Number (SSN) to claim it back later when you file your returns. Hardik Mehta, managing committee member, BCAS (Bombay Chartered Accountants' Society), said, 'The proposed development on excise tax on remittances outside the US can be seen as a replica of Indian TCS provisions on LRS remittances.' However, he pointed out that the mechanics of the levy require careful reading. 'While the tax is to be paid by the remitter, the bill also talks about giving credit of the said tax on the basis of SSN in the US. In that case it would function akin to the concept of advance tax payment,' Mehta said. India expected to feel the biggest impact India, which received $125 billion in remittances in 2023, is the world's largest recipient of money from overseas. According to official figures, nearly 28 per cent of this came from the United States. 'With billions in annual remittances and a large share from US-based NRIs, this friction could significantly reduce inflows, impacting foreign exchange reserves and potentially accelerating currency depreciation,' Dasgupta said. According to India's Ministry of External Affairs, around 4.5 million Indians live in the US—including about 3.2 million persons of Indian origin. Many send money regularly to support parents, cover education and medical expenses, or invest in property in cities like Mumbai, Hyderabad and Kochi. Dinkar Sharma, company secretary and partner at Jotwani Associates, told Business Standard, 'On paper, this might look like a small surcharge, but in practice, it marks a severe disruption to the trust, intention, and flow of transnational financial support.' What could change for you * You'll pay 5% more each time you send money abroad * You may have fewer choices of remittance providers, especially if they're not 'qualified' * If you're a US citizen, you'll need to check whether your provider is approved—or risk paying and claiming a refund later * If you're planning large transfers, you may want to do them before July 2025 'From the NRI perspective, if you're working in the US and planning to return to India eventually, you're effectively earning 5% less on every dollar sent home,' said Dasgupta. 'Remittance habits will need to be restructured, and large or planned transfers should ideally be completed before July.' He added that careful documentation of transactions will become even more important—not just for tax filings, but also to avoid legal and financial complications later. How families in India could be affected For families in smaller cities or rural areas that rely on this money, the new tax could hit hard. 'For families in tier-II and tier-III cities in India that depend on such remittances to cover basic expenses, this is not a trivial reduction—it could mean the difference between continuing education or dropping out, affording medicines or deferring treatment, paying rent or defaulting on EMIs,' said Sharma. He warned of a broader ripple effect, particularly in sectors like real estate, banking and consumer goods, which are often fuelled by NRI spending. 'Remittances are not speculative capital flows—they are deeply personal acts of economic solidarity that sustain intergenerational aspirations,' Sharma said. Why experts call the tax unfair Critics have called the tax regressive, saying it punishes migrants for supporting their families. 'Unlike capital gains or income tax, this levy is applied on post-tax earnings—money that has already been subjected to federal and state taxation in the US,' said Sharma. 'There's no service being offered by the government in exchange. It is, in essence, a pure extractive measure that penalises people for helping their families or investing in their homeland.' Democrats in Congress have raised objections, saying the Bill could disproportionately harm immigrant communities and low-income families who depend on remittances. Sharma added, 'The economic rationale is thin; the political overtones are loud. Remittances are not just economic transactions, they are acts of care and responsibility across borders. Taxing them sends the wrong message—not just to immigrants, but to the world.'
