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Tax Preparation

Tax preparation is the process of preparing and filing tax returns. This can be done by the taxpayer themselves, using tax preparation software or a tax preparation guide, or by a professional tax preparer, such as an accountant or tax attorney. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to tax preparation.

What Is Form 1040? The U.S. Individual Tax Return Explained Thumbnail

What Is Form 1040? The U.S. Individual Tax Return Explained

Andrew Latham

What is Form 2439? Explained: Reporting Undistributed Long-Term Capital Gains, Tax Implications, and Examples Thumbnail

What is Form 2439? Explained: Reporting Undistributed Long-Term Capital Gains, Tax Implications, and Examples

Alessandra Nicole

What is a Tax-Free Retirement Account (TFRA)? Thumbnail

What is a Tax-Free Retirement Account (TFRA)?

Benjamin Locke

Short-Term Capital Gains: What It Is, How to Calculate, and Examples Thumbnail

Short-Term Capital Gains: What It Is, How to Calculate, and Examples

SuperMoney Team

What Is Capital Gains Tax? Rates, Rules, and How to Reduce What You Owe Thumbnail

What Is Capital Gains Tax? Rates, Rules, and How to Reduce What You Owe

Andrew Latham

What Is a Tax Bracket? How the U.S. Tax System Works Thumbnail

What Is a Tax Bracket? How the U.S. Tax System Works

Andrew Latham

What Is The IRS Debt Relief Program and How Can You Qualify? Thumbnail

What Is The IRS Debt Relief Program and How Can You Qualify?

Jessica Walrack

Pretax Contributions: A Comprehensive Guide How To Maximize Tax Savings Thumbnail

Pretax Contributions: A Comprehensive Guide How To Maximize Tax Savings

Silas Bamigbola

Independent Contracting and How it’s Changing the Employment Landscape Thumbnail

Independent Contracting and How it’s Changing the Employment Landscape

SuperMoney Team

Currently Not Collectible (CNC) Status: How to Pause IRS Collections When You Can't Pay Thumbnail

Currently Not Collectible (CNC) Status: How to Pause IRS Collections When You Can't Pay

Andrew Latham

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Learn About Tax Preparation

Thumbnail for Blog Article: How To Avoid Paying IRS Back Taxes

How To Avoid Paying IRS Back Taxes

Lacey Stark

Thumbnail for Blog Article: IRS Letter 2645C: Why the IRS Needs More Time

IRS Letter 2645C: Why the IRS Needs More Time

Silas Bamigbola

Thumbnail for Blog Article: IRS Letter 916C: Why Your Claim Was Rejected and What to Do

IRS Letter 916C: Why Your Claim Was Rejected and What to Do

Silas Bamigbola

Thumbnail for Blog Article: IRS Letter 86C: Your Case Was Transferred. Now What?

IRS Letter 86C: Your Case Was Transferred. Now What?

SuperMoney Team

Thumbnail for Blog Article: 2027 Tax Brackets Are Rising 3.2%. On a $90,000 Salary, Inflation Indexing Saves You About $280

2027 Tax Brackets Are Rising 3.2%. On a $90,000 Salary, Inflation Indexing Saves You About $280

SuperMoney Team

Thumbnail for Blog Article: TaxRise vs. CuraDebt: Side‑by‑Side Tax Relief Comparison for 2026

TaxRise vs. CuraDebt: Side‑by‑Side Tax Relief Comparison for 2026

Andrew Latham

Page 1 of 51

About Tax Preparation

Tax preparation is the process of preparing and filing tax returns. This can be done by the taxpayer themselves, using tax preparation software or a tax preparation guide, or by a professional tax preparer, such as an accountant or tax attorney. Tax preparation involves gathering the necessary documentation, such as W-2 forms, 1099 forms, and receipts for deductions, and using this information to complete the tax return. Tax preparation can be complex and time-consuming, especially for taxpayers with complex financial situations. It is important to carefully consider the potential costs and benefits of using a professional tax preparer before deciding if it is right for you.