The Tesser Book is the original and only trader's tax book found in book stores. But unfortunately that book is not a "how to" for LLC tax...
IRS has no incentive to force a taxpayer to be reclassified from "Investor" to "Trader." UNLESS the Trader had previosuly been filing as a M2M...
I'd figure a deduction, is a deduction why not take it... but if you feel the deductions are so small that you'd just as well forgo them, I'm not...
Having one's income run through his own corporation (or other business) is one of the best tax reduction strategies going! You already have a...
Futures TRADERS are not normally subject to 15.3% SECA tax. To be subject to SECA/FICA/Medicare tax a futures trader would normally have to go...
Coming in a little late on this one, but a solo-trader generally should be an employee of his c-corp to get a §119 meals allowance for a...
If you tell the brokerage that you are now a sole proproetorship, then there's a good chance they'll rate you as a professional trader and up your...
Generally pure S-Corp non-dividend distributions of the earnings that are passed thru to the shareholders via the K-1 will remain untaxed -- as...
The idea to avoid the high professional subscriber fees, is to arrange your situation to qualify as a non-professional, which for many on-line...
IB has not been providing wash sale computations, no telling what will happen for 2004. Fidelity is one of the few that compute wash sales for...
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