2015 Tax Season ‘Miserable’ For Many Taxpayers: Will It Get Better In 2016?

“All we can do is try to maximize our services as well as we can; as well as we can is still going to be miserable. You really do get what you pay for.” That was the word from Internal Revenue Service (IRS) Commissioner John Koskinen last year as he described the challenges the agency … Read more

2016 Tax Bills May Go Down But Tax Related Penalties Are Going Up

<em>(Author’s note:</em> For a refresher on the official 2015 tax rates, <a href=”http://www.forbes.com/sites/kellyphillipserb/2015/05/14/2015-tax-rates-standard-deductions-personal-exemptions-credit-amounts-more/”>click here</a>.) Today, <a href=”http://www.bna.com/”>Bloomberg BNA</a> released their predictions for the coming tax year and it looks like taxpayers whose income is the same compared to last year may end up with a lower tax bill (you can check out those rates here). … Read more

2016 Tax Rates, Brackets & Exemption Amounts May Result In Lower Bills

(Author’s note: For a refresher on the official 2015 tax rates, click here.) The U.S. Bureau of Labor Statistics reported today that the consumer price index (CPI) has dropped off by just .1% for the month of August. The index for all items less food and energy increased 0.1% in August, the same as the previous month. … Read more

IRS Seeks Public Comment On Controversial Obamacare ‘Cadillac Tax’

When The Patient Protection and Affordable Care Act (often just referred to as “Obamacare”) took effect, one of the most controversial features was the so-called Cadillac tax. The tax was intended to target high-cost health care plans, thus earning the moniker “Cadillac.” The tax hasn’t changed much since it was first dreamed up. It’s still intended to … Read more

Good News For Widow Who Lost Her Home Over $6.30 Tax Bill

There’s some good news for a Pennsylvania woman this week: she can keep her home. A decision from the Pennsylvania Supreme Court has put an end to litigation involving the sale of her home due to an alleged underpayment. The woman, Eileen Battisti, allegedly failed to pay $6.30 (downloads as a pdf) in interest on a late payment of property taxes … Read more

Philadelphia Counts Down To Pope’s Visit As Rental Prices Keep Climbing

Philadelphia is rolling out the red carpet in September 2015 in preparation for the Pope’s visit. It’s not only Pope Francis’ first time in Philadelphia but his first official visit to the U.S. While the Pope will also be making stops in Washington, D.C. and New York City, the focus of his visit is the … Read more

Fixing Your Mistakes: Filing An Amended Return

Tax Day was just over a month ago which, of course, means that my inbox is now filled with the inevitable panicked emails from taxpayers worried about mistakes. Missed forms 1099. Overlooked deductions. Social Security numbers that aren’t quite right. Here’s what you need to know: mistakes are totally fixable. There are two ways to … Read more

2015 Tax Rates, Standard Deductions, Personal Exemptions, Credit Amounts & More

With tax season firmly behind us (er, for those of you who didn’t file for extension), now is a good time to take a look at your current financial picture and check to see how it squares against the 2015 tax rates, adjustments and other tax items. If you aren’t expecting any significant changes, you … Read more

11 Reasons Why I Never Want To Own A House Again

(Author’s note: This article was originally posted on September 27, 2013. I am reposting it here today as part of the dialogue about renting and homeownership that inspired an e-book on the topic, launching today.) Home, Sweet Rental: An eBook From ForbesHomeownership isn’t all it’s cracked up to be. Learn how to find the perfect … Read more