Boost Your Tax IQ Resources

Resources for Prosperous Financial Future

These files, checklists, and examples will help you take charge of your tax situation. You don’t have to start from zero. These resources will help you jumpstart your tax preparation process.

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Free Detail Summary Instructions for 3 Tax Forms 2021

These pdfs provide simple box-by-box instructions for tax forms W-2, 1099-INT, and 1099-DIV for the tax year 2021.

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Filing Options for 2022

There are two options for filing your taxes: you either prepare them yourself or have someone else do it (there are also hybrid options of having a professional review your filing). From these selections, you have two ways of filing either for free or by paying.

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IRS Links Infographics

A curated list of the most helpful IRS resources as a easy to read infographics. The PDF has embedded links and are clicable. 

Annotated Form 1040

Form 1040 is only 2 pages long but it references 7 schedules, 7 forms and asks you to reference instructions 15 times. 

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How Do Americans File Their Taxes Infographics

TBD 2019 data

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Simplified 1040 Tax Calculations

The tax calculations on tax form 1040 are a bit confusing. There are many steps consisting of additions, subtractions, comparisons, and references. This sheet summarizes the 1040 calculations into 6 steps which are clear and easier to follow.

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5-Year Tax Analysis

By entering and comparing your 3 to 5 year tax data you can identify trends and effects of tax law changes on your financial situation.

You can see whether the total amount of tax you paid increased or decreased over the years. Where did you get most deductions and credits and whether you paid any other taxes.

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List of IRS Resouces

This is a curated list of the most helpful IRS resources. Sometimes it is hard to find information that you need, and this PDF will give you the most that you need.

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Form 1040 & Schedules Simplified Instructions

The 1040 instructions are over 100 pages long. These simplified instructions will help 99% of taxpayers understand tax for 1040 & Schedule 1, 2, 3. 

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Flowchart of Tax Form 1040 & Schedules

Form 1040 is only 2 pages long but it references 7 schedules, 7 forms and asks you to reference instructions 15 times. 

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Cartoon 1040 Chaos Theory

Have you ever tried to follow the mathematical calculations on the tax forms? I don’t know how can you not commit a mistake?

They contain many negatives, involve carrying numbers to different places, making logical comparisons, etc., everything possible to help you make a mistake. ( ^◡^)っ 

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1040 Summary in Excel

This is a summary of the tax form 1040 calculations in Excel. You can use it to get a rough idea of whether you will receive a refund or have a tax liability. It shows you the primary areas of 1040 and the main calculations. It is for educational purposes only.

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Tax Preparation Checklist

Before you start preparing your taxes, you need to gather all your tax documents, starting with W-2s, 1099s, and other records. In order to receive credits and deductions, related expenses and receipts are necessary. This checklist will help you keep track of everything you need to file your taxes. 

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