Every year a dozen or so books are published to help people prepare their taxes. These books cover the new tax law changes, provide instructions for preparing a tax return, and offer valuable tips for planning your finances with an eye toward minimizing your taxes. I have thoroughly reviewed each and every tax book using the following criteria:
- Is the book easy to understand?
- Can I find information quickly?
- Is the book comprehensive?
Here's my recommendations of the top tax books of the year.
Easy to read book covering the topics of tax planning and financial planning. This book was written by the tax and personal finance experts at PriceWaterhouseCoopers and covers a wide range of topics. Recommended for anyone looking for solid, practical, year-round advice on reducing your taxes.
Comprehensive, easy-to-read, and well organized. I recommend the book to anyone preparing their own taxes, either by hand or by computer. Explains detailed tax rules clearly and thoroughly.
The Ernst & Young Tax Guide provides comprehensive, well-organized information on federal income taxes. The Tax Guide is really two books in one: it contains IRS Publication 17, an overview of essential tax information from the IRS perspective; and it contains valuable tips and guidance from Ernst & Young's team of tax experts.
Easy-to-read, well organized, and thoroughly helpful. "Taxes for Dummies" excels in providing advice for dealing with the IRS. Also, this is the only book to show you how to prepare the shorter Form 1040EZ and 1040A.
Recommended for anyone who wants to implement long-term tax strategies to reduce or eliminate their tax liabilities. Long-term strategies require careful planning, and Schnepper's historical and legal approach will show you the advantages and pitfalls of various tax strategies.
