EDUCATION CENTER
IN THE MEDIA: CNBC

GTT's owner and President, Robert A. Green, CPA was interviewed in his office by CNBC on March 10, 1999.

Green was the leading tax expert quoted many times in a story that was first aired on CNBC Business Center on March 11, 1999. The entire story was dedicated to taxes and day trading. The premise of the story was that day traders were in for a big shock come tax time in that most of them were ill-prepared to deal with the complicated trader tax accounting and lack thereof provided by their online brokers.

Green pointed out the traders could skip the nightmare of trade by trade accounting and instead use the GTT Inventory Approach and GTT Performance Record accounting worksheets and procedures to calculate annual accounting. Green further pointed out that traders could then report this one line item per broker accounting on their tax returns.

The CNBC interviewer was amazed at the ease and solution provided by Green.

Other topics in the story that aired were Green's ideas for "filing a trader as a business" using the tax beneficial Schedule C.

CNBC viewers called the network many times asking for our Web address and to accommodate their viewer ship CNBC posted our firm as their recommended trader "Tax Accountant" during the entire tax season.
The most notable quote in the story by Green was "Only 5 percent of traders know about these new Trader tax benefit rules, so most are overpaying their taxes."

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.

 




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