Taxes For Dummies 2022 Edition

Pdf Book Name: Taxes For Dummies 2022 Edition
Author: Eric Tyson, Margaret Atkins Munro, David J. Silverman
Publisher: Wiley
ISBN-10, 13: 111985847X,9781119858478
Year: 2022
Pages: 656 / 659
Language: English
File size: 19 MB
File format: PDF,EPUB

Taxes For Dummies 2022 Edition Pdf Book Description:

Welcome to Taxes 2022 For Dummies — the latest up-to-date revision of our annual best selling book (the first edition of which was published in 1994) by your humble co-authors Eric Tyson, Margaret Atkins Munro, and David J. Silverman. These pages answer both your tax-preparation and tax-planning questions in plain English and with a touch of humor. Our book can help you make sense of the tax laws, especially the newest ones. We promise to help relieve your pain and misery (at least the tax-related portion), legally reduce your income tax bill, and get you through your tax return with little discomfort. We also help you keep your mind on your taxes while you plan your finances for the upcoming year. As you probably know, Congress and political candidates engage in never-ending discussions about ways to tinker with the nation’s tax laws. Where appropriate throughout the book, we highlight how any resulting changes may affect important decisions you’ll need to make in the years ahead.

In addition to helping you understand how to deal with federal income taxes, we explain how to handle and reduce some of those pesky and not-so-insignificant taxes slapped on by states and other tax-collecting bodies. We also show you how to steer clear of running afoul of tax laws. The fact that Congress keeps changing the tax rules makes it easy for honest and well-intentioned people to unknowingly break those laws. We explain how to clear the necessary hurdles to keep the taxing authorities from sending threatening notices and bills. But if you do get a nasty letter from the tax police, we explain how to deal with that frightful situation in a calm, levelheaded manner so that you get the IRS off your back. Most people including your humble authors find taxes to be tedious. First, everyone faces the chore of gathering various complicated-looking documents to complete the annual ritual of filling out IRS Form 1040 and whatever form your state may require. You may need to become acquainted with some forms that are new to you. Perhaps you need to figure out how to submit a quarterly tax payment when you no longer work for a company and now receive self-employment income from independent contract work. Maybe you sold some investments (such as stocks, mutual funds, or real estate) at a profit (or loss), and you must calculate how much tax you owe (or loss you can write off).