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Annual tax tomes are thoughtful gifts

For those already thinking about filing, here are two guides

Associated Press

It's not the sexiest gift, but times are tough and it just might be one that's greatly appreciated this holiday season. What's that? One of the new 2009 tax guides that are starting to hit bookstores.

With the health of the economy still weighing on many of our minds, die-hard do-it-yourselfers might be looking for additional guidance on how to maximize their take-home pay. What's more, heading into next year, many people might be forced to cut out their tax preparer as a way to cut costs.

One of the most popular annual tax guides, J.K. Lasser's Your Income Tax 2009, is already on sale. The Lasser guide tops 800 pages, but contributing editor Barbara Weltman said it shouldn't intimidate anyone.

It's not intended to be read cover to cover, but is more of an ongoing resource. It was published before Congress passed the Emergency Economic Stabilization Act, commonly called the bailout bill.

A broader look at taxes is taken by PricewaterhouseCoopers in its 2009 Guide to Tax and Financial Planning that sells for $18.95. The paperback isn't really intended to be a guide to filing your tax return, said co-author Brittney Saks, a partner with the firm's Private Company Services practice. It might be helpful for dealing with issues from the stock-market slump, such as taking tax-loss deductions.

Associated Press

Get the full article here.


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