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

Ho, Ho, Oh No! Santa’s Office Threatened With Closure Due To Tax Woes

It appears that Santa Claus has fallen on hard times. Santa’s Office – yes, the real one – located in Finnish Lapland is filing for bankruptcy over massive debts, including a 200,000 euro ($223,980) tax bill. The Finnish Tax Administration notified the company in May of 2015 that a substantial payment was due. Once the … Read more