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the NEW Order Form...
Go directly to
the Order Form...
Professional
Tax Return Planning & Preparation (become a Full Service Client with a
$700 retainer)...
Personal Telephone
Consultations ($120 - for taxpayers who are not yet clients)...
Business
Formation and Incorporation Tax Consulting Services ($500 professional fee plus
formation licenses, fees & costs)...
IRS
Audit Representation ($1,000 to $2,000 retainer)...
Free MS Excel Tracking
spreadsheet...
Professional
Tax Return Planning & Preparation...
Professionally prepared federal
and state income tax returns for new clients require a $700.00
nonrefundable retainer. Before accepting new clients we need to review your
prior year's tax return. Telephone or email to talk about your
concerns. Your payment may be made by credit card using the
form below or send a check payable to "Colin M. Cody,
CPA" with your papers. For the additional paperwork &
other information required please review this listing.
Preparation of additional, separate, entities require an additional
$700 deposit.
General fee guidelines are listed
here
Colin M. Cody, CPA, CMA
TraderStatus.com LLC
6004 Main Street
Trumbull, Connecticut 06611-2400
(203) 268-7000
Please see Order
Form
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Personal
Consultations...
Can't find your
question answered on our free web site or in the free
newsletter? Can't wait to submit a question to the newsletter and see if it is answered in the
future? or one that's too personal for the discussion
board?
Personal telephone consultations are available from May through
December. $120.00 for up to a 30 minute session.
Send a short outline of your main question to
us and we'll get back to you
if we feel we can be of assistance to you, before
requiring any payment to be sent.
Please see Order
Form
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New
Entity Tax Consulting - Business
Formation and Incorporation Tax Consulting Services...
S-Corporations, multi-member LLCs and other legal entities as well as
Partnerships, Joint Ventures, Joint Accounts and Certain Joint
Undertakings with Fellow Traders or Family Members
may be effectively
used for trading vehicles. email us @traderstatus.com
or telephone us
to discuss your particular needs.
You can do it yourself, using TraderStatus.com's assistance: LLC
and S-Corp or C-Corp
Entity Formation Services, for all 50 States. Before accepting new clients we need to briefly review your goals to
make sure you are ready to make the step in this direction.
Your LLC or S-Corp can be up and running in as little as a few days
with expedited service (in those States that offer expedited service),
or a few weeks with the State's regular service, or within hours for a RULPA qualifying CT LLC. We require a
$700.00
nonrefundable retainer to become a client from which our $500 flat fee for
income tax advice on forming and planning your entity is drawn.
And supply your credit card
information for you to directly charge the other
fees (Secretary of
State fee, etc. - VISA and Master Card only). Your retainer payment may
also be made by credit card using the
form below or send a check payable to "Colin M. Cody, CPA." Telephone or email us
to talk about your
concerns.
Please see Order
Form
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IRS
Audit Representation...
IRS audits are a fact of
life. If you are just starting an IRS audit or even if you're
already in the middle of an IRS audit the most important
thing you can do is immediately get out of the line of fire by signing
a power of attorney (form
2848
form
2848 ) to have a professional representative
deal with the IRS on your behalf.
The IRS is currently targeting self-prepared individual trader tax
returns showing trading losses and returns filed without the required
detailed attachment of your trades and/or returns with large
deductions on Schedule C lines 8 through 27.
The IRS is also targeting self-prepared entity tax returns showing
trading losses and returns filed without the required detailed
attachment of trades.
Once you are selected for audit, do not make the mistake thinking that
you merely need to provide your trading details and other
documentation to the IRS with with a smile. The IRS examiner
will likely not have a clue what "Trader Status" is, and will disallow
the tax benefits taken on the tax return.
If you (or your entity) have received your first IRS notice and
have not yet responded, then a retainer of $1,000 along with copies of your
tax returns and the initial audit correspondence is necessary.
If you are
already in two-way communications with the IRS a retainer of $2,000
is necessary for us to step into your shoes.
If we find that your tax return has errors and an amended tax return
needs to be prepared, this can be done usually for a flat-fee charge of $350 per tax year
touched, after consulting with you about the error or problem
uncovered. Not all errors result in preparing an amended tax
return.
Other fees are listed
here
Whether you use us
for audit representation or not, we implore you to immediately
get out of the line
of fire and retain a CPA, a tax attorney or other tax professional to
represent you. Most taxpayers are likely to be causing their
case irreparable damage the longer they wait.
Please see Order
Form
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Tracking
spreadsheet...
Also
available, at no cost, is our complete Microsoft Excel 97
professional stock trader spreadsheet to record all your
trading buy and sell transactions. (Microsoft Excel 5.0/95 version is also available). Use this
for your own self-prepared tax return by printing it out
and attaching to your Schedule D, or email the completed
spreadsheet back to us to help facilitate analysis and
preparation of your tax return by us here. The
spreadsheet is not required for us to prepare your trader
status return. We can use any form of organized data
right from your broker.
Please see
Order
Form
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