TOP TRADER - SAVE TAXES!

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Planning, Review & Preparation Electing Mark-to-Market Trading through an entity Trader definitions Tax rules & latest news Discussion Board, F.A.Q., Futures, Benefit Plans & other info Search this site add text to search window		Copyright© 2008 Colin M. Cody, CPA and TraderStatus.com, LLC, All Rights Reserved.
		Top Trader 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, if appropriate, also make a "Mark-to-Market" accounting method election then you can file taxes like many other taxpayers who substantially lower their federal income taxes every year. Most traders who do qualify have saved more in taxes each year than all the fees paid for the Top Trader fees and their computer equipment and so on. Tax planning methods to help active traders (legitimately) eliminate problems higher than necessary taxes, the wash sales rule, net operating losses, even allowing a full deduction of any Top Trader seminar fees 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. Form your trading entity now, before using any money that otherwise might not be deductible http://www.traderstatus.com/tradingentity.htm Look around my web site and if you do your own taxes, give this tax position some thought. If you'd like assistance with your tax planning, compliance work and tax return preparation of federal and state income tax returns, please contact us to become a client. Taxpayers requiring more assistance in their PLANNING, design and set-up of their trading business and with the PREPARATION or the REVIEW of their tax filings are encouraged to contact us for personally tailored tax advice at our normal rates. How can a CPA help you? Why work with a CPA? Tax Mama's I can do it myself, thank you! Smart Money's Finding a Tax Pro The Blade's Complicated Returns send filers to the Pros What's needed to get started right away? Write to us first with an outline your situation and what you are looking to accomplish (besides the obvious: lowering tax bill): GetMyTaxesDone Colin M. Cody, CPA, CMA TraderStatus.com LLC 6004 Main Street Trumbull, Connecticut 06611-2400 (203) 268-7000 MEMBERSHIPS Member PCPS The AICPA Alliance for CPA Firms Partnering for CPA Practice Success American Institute of CPAs Connecticut Society of CPAs Institute of Management Accountants

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