Polaris Acquires Brammo Motorcycles
News from Cycleworld:

Polaris Press Release:

Polaris Industries Inc. today announced it has acquired the electric motorcycle business of Brammo Inc. In addition, Polaris is acting as a leading investor in a recapitalization of Brammo that enables the company to focus exclusively on the design, development and integration of electric vehicle powertrains.

Going forward, the two companies will leverage Polaris’ leading position in the global powersports industry to market a variety of electric vehicles utilizing Brammo’s award winning lithium-ion electric drivetrain technology, while freeing Brammo to continue developing its innovative electric vehicle powertrains. Brammo supplies these products, including the Brammo Power™ battery pack and Brammo Power™ vehicle management systems, globally to a wide range of OEMs. As part of this transaction, Polaris will utilize the assets acquired to begin manufacturing electric motorcycles in the second half of 2015 at its Spirit Lake, IA facility.

“We have enjoyed our involvement with Brammo Motorcycles over t…………… continues on Cycleworld

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Obamacare recipients, for first time, reporting to IRS
News from San Jose Mercury News:

More than a million Californians benefited from federally subsidized health insurance in 2014 through the nation’s health care law. But now the law is about to give many of them a migraine.

It’s tax season, and for the first time Obamacare is showing up on tax forms. And it’s leading to confusion and angst over new rules and their impact on taxpayers’ pocketbooks.

That’s because taxpayers must now reconcile the subsidy they received with the income they estimated they would earn last year. In addition, people who ignored the Affordable Care Act’s requirement to obtain health insurance in 2014 now face a financial penalty levied by the Internal Revenue Service — unless they qualify for an exemption.

Health care tax forms 8962, 1095-A, and 8965: Being uninsured in America will cost you more in 2015. (Associated Press) ( Carolyn Kaster )

“It’s not that people don’t know there’s a connection (through Obamacare) to their taxes,” said Jackie Perlman, principal tax research analyst at the H&R Block Tax Institute…………… continues on San Jose Mercury News

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