I am not going to take a course right now but i would like to know some good books or online resources.
2007-02-06 09:25:37 · 13 answers · asked by peaches 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
You don't need any classes or other kind of junk like of that. Just get the forms and instructions for them at a local library or on line at www.irs.gov, you can download all forms and instructions for them. Each instruction has a section that will help you decide which form you should use. Start by looking at 1040EZ if it is not for you then look at 1040A if not 1040.
Frankly, most of the people who just have a job or two jobs, and pay rent or mortgage and real estate taxes, should be able to do taxes themselves. Those people who work for H&R Block are not accountants, these are monkeys that took 3 months training. I did my own taxes the first year I arrived to the US 15 years ago and have been doing them ever since. If you can read and comperhend English, you should be able to do your own taxes. After you completed taxes yourself on paper, you may want to get Turbo Tax basic and do it again using a PC, don't bother with fancy Deluxes and Premium editions -- they are useless, but basic is just fine for most people.
Doing taxes by yourself is great, since you learn to understand the tax code and that helps you to do your tax planning for the next year.
Good luck.
2007-02-06 09:40:26 · answer #1 · answered by Alexander K 3 · 1⤊ 0⤋
Well the IRS is probably the best source of information...believe it or not! They have a toll free 800 number right there in the nifty little book they send you every year. How complex are your taxes? Do you just have standard W-2 forms or do you do something more complex like run your own business?
Another thing to do is look at your tax return from last year and just follow the numbers...e-z!
2007-02-06 09:29:22 · answer #2 · answered by frozenfun 2 · 0⤊ 0⤋
There are a number of "tax help" books that are published annually. When I worked for E&Y, they used to publish the Ernst & Young Tax Guide. I would think they still publish it every single year. That would be a big help in deciphering the tax code in simpler language than the various IRS publications. Also, since it is in one book, rather than a number of different publications, it would be an easy reference.
2007-02-06 09:39:19 · answer #3 · answered by jseah114 6 · 0⤊ 1⤋
i would just go get a turbo tax program they are only like $20 and it makes it really easy to do your own taxes
2007-02-06 09:29:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Continuing education expenses are deductible if they relate directly to your business. I would definitely think your lessons qualify in that they further your knowledge and ability to give the lessons. They should be reported on Schedule C as an other deduction, line 27.
2016-05-24 00:46:10 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Get TurboTax. It will walk you through your own tax return, and you will learn a lot about tax prep while doing it.
2007-02-06 09:28:48 · answer #6 · answered by boonietech 5 · 1⤊ 0⤋
Check out H and R Block for advice.
2007-02-06 09:28:08 · answer #7 · answered by Anonymous · 0⤊ 0⤋
At www.irs.gov there is lots of useful information and they also have a quick link to where you can file your taxes on-line.
2007-02-06 09:34:35 · answer #8 · answered by weemspena 1 · 0⤊ 0⤋
I like to use turbo tax software. it's nice.
2007-02-06 09:35:44 · answer #9 · answered by Anonymous · 0⤊ 0⤋
turbo tax its a computer program
2007-02-06 09:29:13 · answer #10 · answered by Anonymous · 1⤊ 0⤋