My Mother’s Maiden Name Is Cumberbatch (And Other Lies I Tell For The Sake Of Security)

I’m terrible at telling lies. It’s a fact. If you’ve ever met me in real life, you know that this is true. You can usually root out the truth from me in the matter of a few minutes. I can’t keep a straight face. I’m an Anderson-Cooper-level eye-roller at the best of times. It’s the … Read more

High Profile Russian Money Laundering Case Settles Days Before Trial

We won. That was the claim from all parties after a civil case involving allegations of Russian money laundering ended this month. Joon H. Kim, Acting United States Attorney for the Southern District of New York, announced that the case had settled just before the trial was set to begin. The case was initially brought in 2013. … Read more

IRS Offers Bonus Charitable Deductions For A Limited Time

It appears that the Internal Revenue Service (IRS) is taking Congress’ edict to “do more with less” very seriously. In a move that’s sure to raise some eyebrows, the federal agency has announced that it will allow taxpayers to claim an enhanced “bonus” charitable deduction for contributions made directly to the agency for a limited … Read more

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