How to learn US Taxation for free?

How to Learn US Taxation Without Spending a Dime

Introduction

Hello! As an accountant seeking to expand my knowledge, I’m curious if there are any cost-free software or websites available to help me learn about US taxation. Any suggestions would be greatly appreciated!

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  1. Certainly! Learning US taxation can be quite beneficial, especially if you’re an accountant looking to expand your skills. Here’s a detailed guide on how you can learn US taxation for free using various resources:

    1. Online Courses and Tutorials

    a. IRS Website

    The IRS website is an authoritative source for learning about US tax laws and regulations. They offer a wealth of information including:
    Instructional Videos: The IRS Video Portal provides videos and webinars on various tax topics.
    Publications and Forms: You can access and download a variety of publications that explain different aspects of taxation.

    b. Coursera

    • University of Illinois Taxation Specialization: Some courses might be available to Audit for free. Look out for courses that cover business and individual income tax.
    • Enrollment and Fees: While the full course package is paid, individual courses often have an “Audit” option where you can access course material without obtaining a certificate.

    c. edX

    • Taxation Courses: Platforms like edX can offer courses on taxation, often in partnership with reputable universities. Audit options can be available.
    • Search for taxation or finance courses that are provided for free or offer free trials.

    2. YouTube Channels

    Several YouTube channels provide comprehensive tax education:
    ClearValue Tax: Provides tutorials on various US tax topics.
    IRS Videos: Direct from the IRS, these videos cover essential topics and updates.

    3. Free Resources and Communities

    a. Reddit

    • Subreddits: Join subreddits like r/tax or r/Accounting for community discussions and advice on taxation.

    b. Podcasts and Blogs

    • Tax Foundation Podcast: Offers insights on current tax policy and legislation.
    • Accounting Today: Offers articles and blogs focused on the Accounting profession, including tax updates.

    c. Open Access Legislation

    • Tax Code and Regulations: Access the US tax code and its interpretations through government and educational websites for comprehensive understanding.

    4. Software and Tools

    a. QuickBooks Community

    • Offers forums and free resources on US taxation and accounting, particularly useful for small businesses.

    b. Wave Accounting

    • While primarily a financial software, it offers resources and articles related to business tax compliance in the US.

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