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

Tax Authorities Want Atlanta’s SkyView Ferris Wheel Seized To Pay Taxes

There have been some pretty crazy seizures to settle old tax bills – but a ferris wheel? That’s exactly what Escambia County Tax Collector Janet Holley is demanding. And it would be one heck of a seizure: the ferris wheel in contention is not only not in the same county, it’s in a different state. … Read more