Scott Brown (not his real name), an associate of mine, is the owner of a single member LLC. Scott who files a Schedule A, Schedule C, Schedule D (stock trading), and Schedule E, has previously had his taxes done at H & R Block. But Scott became quite disappointed with Block’s services, when I pointed out to him that he was not receiving his annual depreciation deductions. Consequently, I encouraged him to purchase a copy of the e-book “Doing Your Own Taxes is as Easy as 1,2,3,” for tax year 2013. Disgruntled with his tax preparer, Scott finally decided to take the plunge and do his own taxes.

Scott also purchased a popular tax software, and using it in conjunction with the e-book, he quickly realized that doing his own taxes was not quite as difficult as he’d always perceived it to be. Read More