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Tax Preparation and Planning Books

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Every year a handful of 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 reviewed each 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.

1. J.K. Lasser's Your Income Tax

A comprehensive, well organized, and easy-to-read reference guide to preparing a federal income tax return. It is easy to find information on specific tax topics, and the pages are designed for ease of reading, letting you find your information quickly. (Compare Prices)

2. How To Pay Zero Taxes

Discusses the merits and drawbacks of a wide variety of tax reduction strategies. The book covers tax deductions, tax credits and relevant tax planning strategies. Author Jeff Schnepper advocates a solid approach to tax planning, and he discusses federal tax breaks of interest to individuals, business owners, and investors. Long-term strategies require careful planning, and Schnepper's historical and legal approach will show you the advantages and pitfalls of various tax strategies. (Compare Prices)

3. EY Tax Guide

Ernst and Young Tax Guide 2007
The wealth of tips, insights, and tax planning ideas provided by the Ernst & Young tax experts are the strength of this tax guide. The book is well-organized and features a highly readable format. Sections of the book cover special tax strategies for expatriates, non-resident aliens, estate and gift tax planning, and how to handle an IRS audit. (Compare Prices)

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