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Author: loof4 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120809  
Subject: Basic Tax Education Text Date: 5/20/1997 2:41 PM
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Can someone recommend a decent text that introduces tax theory and concepts? Of course, if it could be written in the "MF Invesment Guide" style and attitude (hint hint, Tom and David), that would be great but not required. I am trying to understand the basic concepts of things such as tax brackets, first dollar earned, reducing and/or deferring income, perspectives on the relationship and intersection of investing and tax strategy, use of self-directed IRAs for sheltering income from a 2nd job, deduction strategies, and so on. I am assuming once one understands the basics, then the whole world of REALLY COMPLEX tax questions opens, which are more apropos to this board.

TIA for the help.
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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 21 of 120809
Subject: Re: Basic Tax Education Text Date: 5/22/1997 3:40 PM
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On Tue, 20 May 97 14:41:24 -0600, loof4 wrote:
<<

Can someone recommend a decent text that introduces tax theory and concepts? Of course, if it could be written in the 'MF Invesment Guide' style and attitude (hint hint, Tom and David), that would be great but not required. I am trying to understand the basic concepts of things such as tax brackets, first dollar earned, reducing and/or deferring income, perspectives on the relationship and intersection of investing and tax strategy, use of self-directed IRAs for sheltering income from a 2nd job, deduction

strategies, and so on. I am assuming once one understands the basics, then the whole world of REALLY COMPLEX tax questions opens, which are more apropos to this board.



TIA for the help.>>

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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 22 of 120809
Subject: Re: Basic Tax Education Text Date: 5/22/1997 3:50 PM
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On Tue, 20 May 97 14:41:24 -0600, loof4 wrote:
<<

Can someone recommend a decent text that introduces tax theory and concepts? Of course, if it could be written in the 'MF Invesment Guide' style and attitude (hint hint, Tom and David), that would be great but not required. I am trying to understand the basic concepts of things such as tax brackets, first dollar earned, reducing and/or deferring income, perspectives on the relationship and intersection of investing and tax strategy, use of self-directed IRAs for sheltering income from a 2nd job, deduction

strategies, and so on. I am assuming once one understands the basics, then the whole world of REALLY COMPLEX tax questions opens, which are more apropos to this board.



TIA for the help.>>

Oops...sorry for that last post. I obviously got ahead of myself.

As far as a text, you should visit your local bookstore and see what you can find. Look for the various tax guides written by J.K. Lasser and Anderson Consulting. There are also others. They are generally the most basic AND the most comprehensive on the broad range of issues. While at the bookstore, see what else might be there. I can't think of anything that I have seen recently that I can bring to memory right now.

If you are not satsfied with the book store, check out the library. There may be a number of "intro" books to taxation issues. But if it were me, I really think that I'd start with a tax guide.

If you REALLY want to get pretty basic with no outlay of cash, contact the IRS at 1-800-TAX FORM, and requets IRS Publication 17 entitled "Your Federal Income Tax". That will give you many of the basics, but will be light on the tax savings strategies.

And as far as questions in the folder, please feel free to post any question that you will like. No question is too simple or too easy. Remember, we are all here to learn. And the only way to learn is to ask questions. And depending upon the question, I may be able to narrow down the issues and direct you to a specific publication that would address your question in great detail.

So don't be afraid to post ANYTHING relating to taxes in this forum. And I'll answer whatever I can.

TMF Taxes
Roy Lewis

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