Message Font: Serif | Sans-Serif
No. of Recommendations: 1
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
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.