[mrimkhan]

Hi guys. Any suggestions on a good way for me to learn independently how to prepare small business or self employeed individuals Tax Returns? I have access to ThomsonReuters and see they have some guidance. Also, any good software’s (please let me know price as well) that are helpful in preparing. I’m an audit cpa, no tax experience, but I have some offers to do light taxes on the side.

Any help would be appreciated. Thanks.

[Anonymous]

Look into Enrolled Agent material I'm learning A LOT about tax studying that.

[Anonymous]

I learned the basics of tax using Wiley's RTRP prep book: https://www.amazon.com/Registered-Return-Preparer-Review-Competency/dp/0470905611/ref=sr_1_1?ie=UTF8&qid=1376753134&sr=8-1&keywords=wiley+registered+tax+return+preparer+exam+review+2012

Then learned more actually doing it, using Drake Software's program, which has good trouble-shooting and is $285 for up to 15 returns, $19 each additional return: https://www.drakesoftware.com/site/products/PricingPurchasing.aspx You can get a free trial to try it out and see what you think. For reference, my boss uses The Tax Book: https://www.thetaxbook.com/ which is laid out well for finding answers quickly.

This is all I have experience with, so not saying it's better than anything else, but that it's worked great for me! 🙂

[Anonymous]

If you have access to the Thompson Reuters PPC packages (I have mine included with the checkpoint RIA subscription) that is good instructional materials. Also, they have a search by line feature that is useful to tell you what should be on the line. If you want CPE while learning, several people in my office love the Gear up course.

[Author]

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