Trader Tax Status
    MTM
    Trader Types
    Part Time
    Money Losing
    Pattern Day
    Entities
    Hedge Funds
    Proprietary
    Non-Resident
    Strategies
    Retirement Plans
    Fringe Benefit Plans
    Extensions
    NOLs
    IRS Exams
    Wash Sale Rules
    Commodities
    Foreign Futures
    Currency & Forex
    ETFs
    Security Futures
    Securities vs. Commodities
    Self Employment Tax
    Health Insurance & HSAs
    NASDAQ Data Feed Fees
    Global Tax For Traders
    Precious Vs. Base Metals
    Tax Treatment For Traders

EDUCATION CENTER
GTT RESOURCES: TRADER TYPES

See our Updated Trader Tax Center pages.

We cover these topics in Green's 2012 Trader Tax Guide.
There are lots of new strategies and tax-court case updates to consider on these topics. We define the standard for trader tax status, so read chapter 1 in the above 2012 guide.

OLDER CONTENT: It's a must to read our newer content, but this older content gives some perspective, if you are interested.

Everyone who spends some or all of their time in front of a computer, trading stocks or other instruments, might think they qualify as a trader. However, the IRS may think differently.

If you trade all day, every day, you shouldn't have a problem gaining trader tax status. However, if you trade only part-time, or if you consistently lose money, you may have problems with the IRS.

Chen vs. IRS - an important new case.
Chen was a part time and part year trader and he lost his case for trader tax status. Learn how to win yours! Click here for an article by Robert A. Green, CPA along with an RIA synopsis of the tax court case.

Furthermore, there are additional rules and restrictions for non-U.S. residents, pattern day traders and traders who trade with a proprietary firm. And, traders who choose to form an entity also have to deal with different rules.

Ready for a consultation with a GTT CPA

 

Tax Planning for Net Investment Income (May 9)

Highlighted Recent Recordings:
*A Trading Business Entity Is Better Than A Sole Proprietorship
*Trader Tax Benefits & Elections To Make By April 15
* 2013 Trader Tax Law: What You Need to Know NOW
*2012 Tax Extensions & Section 475 MTM Elections
*2012 Trader Tax Preparation Examples & Tips
*Active Forex Traders Benefit From Trader Tax Status
*Tax Benefits from Trading Section 1256 Contracts
*How Traders Deduct Education
*Updates: Trader Tax, Form 8949 vs. 1099-B problems, & Forex
*Taxes for Options Traders
*Best Entities for Traders and Investment Management
*Launching an Incubator Hedge Fund

Trader Tax

Tax Tools

Highlights:

May 5: Petition on RallyCongress.com for the Net Investment Tax Read More

May 1: The IRS needs to fix their proposed regulations for the Net Investment Tax Read More

March 31: PFG investors can deduct theft losses on 2012 tax returns with Rev. Proc. 2009-20 safe harbor relief. That’s great news! Read More

March 20: Extensions & Section 475 MTM elections are due by April 15 Read More

March 7: MF Global & PFG Best deposit losses have nuanced tax treatment Read More

March 5: Caution, downloading securities Form 1099-Bs into TurboTax often leads to incorrect tax filings Read More

Feb. 5: Green’s 2013 Trader Tax Guide is our best ever Read More

Jan. 5: Post fiscal cliff tax planning for traders Read More

Dec. 7: New entities effective Jan. 1, 2013 reap many tax benefits Read More

Dec. 4: Investors in hedge funds depend on “assurance” from quality independent CPA firms Read More

Nov. 20: Cost-Basis Reporting Problems and Solutions Read More

Sept 5: High-income traders and ObamaCare’s 3.8% Medicare tax Read More

Aug 22: Proprietary trading Read More

Jun 20: The Best Entities for Traders and Investment Management Businesses Read More

Jun 20: Tax Benefits from Trading Futures & Other Section 1256 Contracts Read more

GreenTrader blog archive, Forbes blog, Benzinga blog.

 




Bookmark and Share

Join our Email List to receive
our content and event invitations
   

tax strategy  |  traders  |  investment management  |  traders association  |  about us  |  blog
home  |  store  |  login  |  sitemap  |  contact us
Send mail to info@greencompany.com with questions or comments about this web site or click here
Copyright © 1996- Green & Company, Inc.   disclaimer  |  privacy