General Question

2davidc8's avatar

Where do I go to learn about taxes for free (or nearly free)?

Asked by 2davidc8 (4174 points ) January 10th, 2012

I’m not looking to become a tax accountant, not even eventually, but I do want to get good enough to prepare fairly complex individual (not corporate or estate) tax returns. I want to get past the beginner stage and do returns with Schedule K-1’s, lots of 1099’s of various kinds, rental income, and maybe even partnerships.

However, I do not want to spend a lot of money doing this, but I am willing to spend the time. Is this possible? Where can I turn to?

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7 Answers

selfe's avatar

I’m assuming you have already checked this site ?

Adirondackwannabe's avatar

Last I knew H&R Block had a tax course that taught the basics for a reasonable fee.

gearedtolaugh's avatar

Maybe your parents would know. Unless they aren’t somebody you can count on, then that’s a different story.

marinelife's avatar

AARP uses volunteers to help people prepare their taxes. Perhaps they have a course they give their volunteers.

2davidc8's avatar

@selfe Thank you, yes, I’m aware of the IRS site.
I have checked with HR Block, Jackson Hewitt, and Liberty Tax, and they all wanted too much money. Even after I said I would pay them back in labor if they would only train me.

So, now I’m looking at maybe getting some books and studying on my own. Does anyone know of a forum like Fluther that focuses on income taxes where I could ask questions when I come to stuff that I don’t understand and need further clarification?

YARNLADY's avatar

@Adirondackwannabe—The HR tax class is not what I would call reasonable at $300.

Here is a quote from Moneysmart blog “The course focused on VERY SLOW learners. When he was “teaching us” how to fill out the name and address portion of the tax form, the instructions said to put “YOUR CITY and YOUR PROVINCE in the blanks”. Pretty self-explanatory, right? He told us, LITERALLY 5 or 6 times “now, here you’re going to put Toronto, or Mississauga, or whatever your city is in the blank, don’t write your city!”. The second time he said it, I looked at him and smiled (I assumed he was joking), he gave me an encouraging grin and a nod back, which clearly said “people have made this mistake before”.

It wasn’t just that instructor, because our family member had the same experience. And also dropped out after the first three classes.

Adirondackwannabe's avatar

@YARNLADY Ouch, I guess it’s been a long time since I took it. My bad.

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