IRS Announces National Search To Replace The Commissioner

In response to GOP calls for his resignation, or worse, impeachment, Internal Revenue Service (IRS) Commissioner John Koskinen has announced that he will step down following tax season. He has, however, one condition: he wants the taxpayers to choose his replacement. Koskinen’s decision, while a bit surprising, is not completely out of character for IRS. … Read more

Good News For Holiday Shoppers: Cost Of ’12 Days Of Christmas’ Holds Steady

It’s Cyber Monday which means that holiday shoppers are hitting the internet in search of gifts for the season. How much are you hoping to spend on holiday gifts this year? Chances are, you’re looking to spend about the same as last year. A number of economic indicators are giving shoppers the impression that inflation … Read more

Netherlands Will Appeal Starbucks Tax Ruling, Apple Ruling Likely Delayed

“[T]he European Commission’s verdict in the Starbucks case deviates from national law and the OECD’s system.” That was the reaction on Friday from Netherlands Ministry of Finance in response to the European Commission’s October ruling that “selective tax advantages” granted to Fiat in Luxembourg and to Starbucks in the Netherlands were improper. The Commission has … Read more

Don’t Try This At Home: Avoid These 10 Money Missteps That Landed Reality TV Stars In Trouble

Real Housewives of New Jersey stars Teresa and Joe Giudice made headlines again this month when the Internal Revenue Service (IRS) filed a $551,563 tax lien against the couple. The Giudices are not strangers to tax troubles: after Teresa is released from prison later this year, Joe is slated to serve time. Both took a … Read more

12 Days Of Charitable Giving 2015 Starts Soon

I did a double take when I checked my calendar this morning: there are only five Fridays left in 2015. That means there are just a few weeks left to whittle down your taxable income for the year (check for year-end tips soon). It also means that the 12 Days Of Charitable Giving 2015 are coming. … Read more

Guilty On Tax & Conspiracy Counts, Couple Faces New Charges For Revenge

Tax laws don’t apply to us. That was the mantra of Ronald and Dorothea Joling of Coquille, Oregon, after self-study. The married couple subsequently “engaged in a shameless scheme to defraud the United States and to evade payment of $1.2 million in federal taxes,” according to Assistant U.S. Attorney Scott E. Bradford. How did Joling … Read more

Jay Z Loses On Alvarez-Cotto Boxing Bet As Charity Gets Big Win

Oscar De La Hoya turned a little more golden over the weekend. Canelo Alvarez, managed by De La Hoya’s Golden Boy Promotions, bested Miguel Cotto on Saturday night by unanimous decision, claiming the WBC middleweight title. The win puts Alvarez in the superstar category for now – and chalks up another victory for Golden Boy … Read more