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Online Classes For Learning How To Do Taxes
Got some CPA and tax guru envy? Ever wish you could take accounting 101 in online form? Not a chance, but you can take yourself down several tax-relevant routes! Look beyond tax services, though. Where other online businesses sometimes put the cute on tax-related sites, there are benefits that can come out of many innovative tax-related software options available today.
Perhaps the best-known way to improve your tax situation, however, isn’t necessarily the one you might be used to.
Online Tax Subscription Software
Which leads us to two potential suggestions when it comes to online subscription software — plus one free, easy, bite-sized digital method that can net you more paying customers and help you branch out. Here, you’ll find sites like TurboTax, which has been part of the PC scene for many years.
TurboTax, as is the case with many of these sites, doesn’t generate work for you. No downloads to do — just take the IRS filing process that’s already on, tax preparation software that’s already on. TurboTax even offers live tax assistance!
One of the benefits of this kind of tax service is cost: For the next three years, TurboTax will do their tax and prepare your return for you, if you pay a $89 subscription fee (but only if you’re under 65). Tax-collector apps like TurboTax aren’t limited to helping you file a tax return — instead, they offer a subscription payment system, so you can pay one fee if you need to run a number of different tax calculations. It can provide not only your return-preparation fee but also call up any supporting documents (like estimates, estimates of deductions, even forms) that’ll help you prepare and file your taxes on time.
It can also do follow-up phone and live-chat assistance with any new documents that’re needed. TurboTax or similar services help you pull together a workable and accurate tax plan.
There are a lot of tax expert offerings from independent tax firms that cover as much of your tax-related needs as you need. But there are a lot of those — especially those that steer toward less-than-intellectual taxation content, including online subscriptions like FreeTaxUSA. Still, if you’re in a hurry, move to the website with a free trial, and see if you enjoy it. It’s online and by far the cheapest way to handle accounting/tax basics.
FreeTaxUSA: Online Certification
The other option — with a bit of an asterisk — is the instant, free program FreeTaxUSA. With this one, if you’re only interested in working on your income tax situation, you get an online certification. You can decide whether or not you want to pull out all your pro income tax material to do so.
You can do “taxes 101” on this site — with everything, all at once, without having to create a new account. Or, do your “pros only” work using the basic tax applications that the site offers and keep everything else (including your paid tax preparation tools) private.
There’s an earlier free entry-level version that’s lacking some pro tools, but it does offer an easily employed tax savings percentage, so you know for sure that the service is providing you an overall tax savings. FreeTaxUSA also offers some money-saving apps you can use with your service.
There’s also an upgrade path for financial and business professionals, who can fill out those IRS professional tax forms through the site. Business users can download, or easily make, accounting and business tax files, so the process is very easy.
There’s also an option to take the Certified Financial Planner examination, ensuring that your tax and business professional class is accredited. (Sure, you can fill out the brackets and work numbers just as other tax preparation tools would — but what about the intricacies? What about income tax implications for any asset allocations, for any estate planning?)
Tax Literacy Programs
While Web-based services can make your time to get a great tax filing faster, there’s a rich buffet of other tax-related websites that can lead to a better understanding of the system and the ramifications.
Free Tax Bootcamp — A think tank, United for Tax Fairness, for years has advocated for a greater focus on tax education in our nation. This site offers a variety of tax related resources, including strategies for savings through tax credits, growth opportunities with investment and retirement tools, and other, more general, financial planning resources. United for Tax Fairness also offers financial and tax counseling services, both in-person and online.