July 3, 2009
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Loading ...Should the average person be able to successfully do their own sales and usage tax forms for a small business?
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Find it on my blog.
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Many do. And if you’re interested in it for yourself, consider taking a community college or online university course on the subject.
Alternatively you can look for used textbooks on taxation. Not too old because the laws change.
I recommend the above two options because they will have examples that you work thru, enabling you to become familiar with the rules and the IRS.gov publications and forms.
You could go straight to the IRS.gov website and start reading, but that would be the hard way.
Good Luck!
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Comment by Answer — July 3, 2009 @ 3:03 pm
Yes, because it’s easy to do.
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Comment by Robert E. Lee — July 3, 2009 @ 3:03 pm
Theoretically, yes, but I find it quicker and a *lot* easier to pay someone to do my business taxes. I figure the few hundred dollars I spend is probably offset by not turning in a return full of the mistakes I’d probably make if I did it myself.
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Comment by rtfm — July 3, 2009 @ 3:03 pm
Sure. If you follow the instructions carefully there’s no reason why not. I’ve done filings in a number of states and they were all very straightforward. As long as your business records are good, it should be more or less a walk in the park.
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Comment by bostonianinmo — July 3, 2009 @ 3:03 pm
I’m guessing you’re asking if you have to pay someone with specialized training to do it for you. You do not. The forms are short and pretty straightforward, depending on the state you’re in. If you have a computerized sales system, it can easily kick out a report for the period and you just transfer the numbers. I used to do cost recovery auditing for overpaid sales tax and would work with people filling out the state forms to take reductions based on my findings, so I’ve seen a lot of them.
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Comment by misslabeled — July 3, 2009 @ 3:03 pm