Test an inconspicuous section of woodwork to ensure the rubbing alcohol will not damage the finish. Wearing gloves, pour a small amount of rubbing alcohol onto a painter's rag and rub it over part of the wood. If there is no color on your rag and the finish on the wood does not cloud or become milky, the rubbing alcohol is safe to use.
Apply the rubbing alcohol generously to the latex paint spots on your wood using a painter's rag. Ensure the latex paint stays moist, as rubbing alcohol evaporates swiftly.
Scrape the loosened paint from the wood with a razor scraper. Use small, swift strokes at a 45-degree angle to remove as much paint as possible without gouging the wood.
Scrub any remaining latex paint spots with the white terrycloth rag. If the paint proves difficult to remove, reapply the rubbing alcohol, then continue to scrub.