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IRS Commissioner says U.S. team could pull World Cup upset

June 22, 2014

Sports bars across the United States are already filling up, with bandwagons dropping off all the newly minted soccer — known as fútbol to the rest of the world — fans.

Both new and long-time watchers of the beautiful game have high hopes that the U.S. men's soccer team will come up big against Portugal. That's asking a lot, since the Portuguese team's star Cristiano Ronaldo, recently named world player of the year, is formidable even though he's recovering from an injury.

Among those who will be cheering the U.S. effort, though not likely at a bar, is Internal Revenue Service Commissioner John Koskinen.

That's not a surprise. Even top tax wonks have real lives. And Koskinen's interests outside the IRS include soccer.

Before taking over the troubled tax agency, one of Koskinen's previous posts was president from 2004 to 2008 of the U.S. Soccer Foundation.

Koskinen Stadium at Duke University soccer practice via StadiumsUSAPhoto of soccer practice at Duke University's Koskinen Stadium courtesy StadiumsUSA

And Koskinen Stadium at Duke University, where the school's soccer and lacrosse games are played, was dedicated in 1999 in honor of his (and his wife Patricia's) support of the school and the sport. In 1961, Koskinen received his undergraduate degree from Duke in physics, a field that's not as tough as taxes if we're to believe the commish's fellow physicist Albert Einstein.

During a break in Friday's House Ways and Means hearing on lost emails related to IRS reviews of 501(c)(4) tax-exempt status applications, Koskinen was asked for his World Cup predictions.

"The U.S. could come away with a surprise against Portugal," said Koskinen, obviously thrilled to be talking about a non-IRS topic. "[U.S. coach Jürgen] Klinsmann has done a wonderful job. I think a tie is imminently possible, and possibly even a win."

We'll see in a few hours is Koskinen's assessment of Team USA is accurate.

If the American men manage a tie against Portugal and another tie in their final Group G game against Germany, they will advance to the next round. If Team USA beats Portugal today and follows up with a tie against Germany, the Americans will win the group.

But I'm getting ahead of myself. As the sports cliché says, one game at a time.

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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