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Copyright© 2008 Colin M. Cody, CPA and TraderStatus.com, LLC, All Rights Reserved. | |
Spread Trade to Win traders' short-term profits, by default, are taxed at the highest incremental individual IRS income tax rates. When you are able to qualify yourself to take a tax position of "Trader Status" and, when appropriate, also make an election for "Mark-to-Market" accounting treatment then you can file your tax return just like other taxpayers all over the country who have lowered their federal income taxes by thousands of dollars every year. Most traders who do qualify save more in taxes each year than all the fees paid for the Spread Trade to Win system, all their computer equipment and such. Tax planning methods to help active traders (legitimately) eliminate problems with expensive tax rules, wash sales, net operating losses, even allowing a full deduction of any Spread Trade to Win seminars which otherwise might not be deductible on your tax return (see IRS Code Section 274(h)(7)).
"Trader Status" is also recognized by most States and can lower those
taxes as well.
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Last updated:
October 17, 2008 TraderStatus™, TradersTaxPlan™, TradersAdvantage™, TraderStatus.com™, TradersTaxPlan.com™, TradersAdvantage.com™, DoYourOwnDaytraderTaxes™, DoYourOwnTaxes™, DoingYourOwnTaxes™, DoYourOwnDaytraderTaxes.com™, DoYourOwnTaxes.com™, DoingYourOwnTaxes.com™, DoYourTaxesOnline™, DoYourOwnTaxesOnline™, DoYourTaxesOnline.com™, and DoYourOwnTaxesOnline.com™ are trademarks and service marks of Colin M. Cody, CPA and TraderStatus.com, LLC, Trumbull Connecticut Copyright© 2008 Colin M. Cody, CPA and TraderStatus.com, LLC, All Rights Reserved |