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

Home, Sweet Rental: Busting The Hype Of Homeownership

EDITOR’S NOTE: Forbes launched Home, Sweet Rental: Busting The Hype Of Homeownership, our latest eBook. It’s a must-read for those who want a smarter, thoughtful approach to buying or renting a home. Home, Sweet Rental: An eBook From ForbesHomeownership isn’t all it’s cracked up to be. Learn how to find the perfect rental and negotiate … Read more

Buffett Gets It Wrong On Tax Benefits, Income Gap

Self-made billionaire Warren Buffett is the third wealthiest person in the world, according to Forbes. His net worth is $71.6 billion. He’s probably made a few million in the time that it took for me to write this (you can actually watch his net worth go up and down in real time). He’s super rich. … Read more

Geoge Soros May Owe Billions In Taxes

George Soros knows his way around a hedge fund. The billionaire, who ranks at #29 on Forbes’ list of billionaires (#19 in the United States) has an estimated net worth of $24.2 billion – built largely on Soros’ success with hedge fund management. That number may be about to get a little bit smaller. Hedge … Read more

Filing Your Tax Return In 2015? You Might Want To Leave Those Medical Receipts At Home

Form W-2? Check. Forms 1099-MISC? Check. Forms 1099-B? Check. Form 1098? Check. Receipts to support charitable deductions? Check. Receipts for medical expenses? Er, you might want to leave those at home. Of all of the deductions in all of the tax world, medical expenses top the list of “tax breaks that you think you’re getting … Read more

Form 3115 Adds Confusion & Cost – But May Be Required For 2015

Of all of the questions that I’ve received this tax season, one of the most popular is also one of the most unexpected: What do you do about form 3115? Federal form 3115, Application for Change in Accounting Method (downloads as a pdf), is the form used to request a change in either an overall … Read more

Proposal Would Allow Volunteer Firefighters Tax Break For Service

You can deduct money donated to charity but not the value of your time – even if you can put a dollar figure on it. That, according to Rep. Dave Loebsack (D-IA), ought not be the case for all volunteers. This month, Rep. Loebsack, together with Rep. David McKinley (R-WV), introduced H.R. 5811, Volunteer Emergency … Read more

Shopping On Thanksgiving? Some Retailers Stay Open, Hoping To Capture Holiday Sales

I’m not going shopping today. I’m not making some kind of a statement. I simply have too much to do: there are breads to bake, casseroles to heat and pie crusts to roll out in advance of dinner for fifteen people. There is hot chocolate to be made for those braving the sledding hills. There … Read more

What Matters Most When It Comes To Tax Reform? Hint: It’s Not Control Of Congress.

Last night, the elections signaled a power shift in Congress. With Republicans controlling both houses, does that mean tax reform is on the way? Here’s why, historically, it’s not control of Congress that matters: it’s something else.