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EDUCATION CENTER
IN THE MEDIA: SFO MAGAZINE
SFO
magazine, another leading magazine for traders features many articles
from Robert A. Green and others who worked for GreenTraderTax.
February 2006: Editor's Note (excerpt):
"February is an amalgam of important stories, several of
which occupy territory that most people abhor, and that means taxes. Given
that taxes take the biggest bite out of the bottom line, though, it’s
a key issue that can’t be ignored. Robert A. Green and associates,
who for several years have done the hard slogging on this topic for SFO,
have come through again with three stories that are keepers – until
they update these and other knotty issues again next year. Clearly the
tax picture changes, and you have to keep on top of it. Tax treatment
on new products is confusing, and traders have a full plate of tax issues
to consider this season, so Green covers these fully in his first story.
Next, for you gold bugs, Roger Lorence digs into the taxing issues for
metals connoisseurs – they fall into a different category known
as collectibles, as odd as that might sound, and it has an effect. Finally,
as the investing world gets more global, cross-border tax issues become
a complex mix of nuances, and Green’s story highlights the idiosyncratic
nature of them and what to do about it."
Tax Tips for Traders by Robert A. Green, CPA
Tax treatment on new products is confusing. Add trader tax status and
mark-to-market accounting to the mix, and traders have a full plate of
tax issues to consider this tax season. Get the (tax) breaks you deserve.
Click here for Green's original
submission. Click
here for the final SFO article in the print and Web site editions.
Taxing Issues for Metals Connoisseurs. By Roger Lorence JD LLM.
As strange as it sounds, metals and their taxation issues fall into a
different category called “collectibles.”Click
here for Lorence's our originial submission.
Click here for the final SFO article in the print and Web site editions.
Trading Across Borders: The Tax Issues by Robert A. Green, CPA
Don’t leave home without them. Click
here for Green's original submission. The final SFO article is available
on the SFO site for purchase, or pick up the print magaine.
February 2005: The SFO "Tax Issue"
Takin' Care of (Trader Tax Return) Business: What Can Wait and What Can't?
Make no mistake about it – pay what you owe by April 15, but take
advantage of the extension to be able to turn in your homework (tax returns)
late. By Robert A. Green, CPA
Trader: What happens When the Tax Inspector Comes Knocking on Your Door?
Stay on good terms with the IRS by learning about, applying and explaining
trader tax status on your tax returns in the proper fashion. By Robert
A. Green, CPA and Roger Lorence JD LLM.
A Trader's Guide to Using Business Entities: It Pays to Monitor the Technical
Picture
Weigh the true costs versus the actual benefits before making a decision
to form an entity. This story tells when it makes sense and when not.
By Robert A. Green, CPA and Roger Lorence JD LLM.
Editor's Note by: Gail Osten: Although I must admit that this
issue contains several articles that emanate from the GreenTraderTax.com
folks, I was happy to have them author each of these articles. “Takin’
Care of (Trader Tax Return) Business: What Can and Cannot Wait,”
is a piece that you’ll want to cut out and save because it helps
traders determine when to pay their taxes and when to extend (or not)
and how to do both – it also sets up some cautions that are worth
knowing. There is both pre- and post-April 15 work to be done; don’t
forget it.
So what if you do something wrong or are perceived to have erred by the
IRS? “What Happens When the Tax Inspector Comes Knocking at Your
Door?” is the article no one wants to need. All right then –
cut this one out, too, and put it in a safe place just in case.
The final in the Green “trilogy” is “A Trader’s
Guide to Using Business Entities,” and it’s a question that
traders need to face at one time or another. Only after traders weigh
the true costs versus the actual benefits should they make a decision
to form an entity. This story tells when it makes sense and when it clearly
does not.
Letter to Editor in March issue.
Dear Editor: The three articles from the GreenTraderTax.com people in
the February edition [“Takin’ Care of (Trader Tax Return)
Business,” “Traders: What Happens When the Tax Inspector Comes
Knocking at Your Door” and "A Trader’s Guide to Using
Business Entities"] were very helpful, but I’d also like to
recommend that readers take a look at Robert Green’s new book, The
Tax Guide for Traders, just recently published by McGraw-Hill, if they
are looking for a good resource.
–-Scott E., via e-mail
[Editor’s Note: Actually, SFO reviewed Bob’s book in January,
and indeed he has done a very nice job. Although the articles in SFO can’t
come close to giving a full picture of all trader tax issues, we think
the three topics that came from Bob’s company – tax return
tips, trader tax status and the IRS, and the advisability (or not) of
forming a business entity for your trading activity – may be three
that traders might appreciate most at this time of the year.]
January 2005: Trading Foreign Futures? Know the Tax Rules
before You Trade. Trading foreign index options (foreign futures) is hot.
Big problem – not all futures are created equal. Foreign futures
act like U.S. futures except at tax time. U.S. futures enjoy a tax break
unlike their foreign counterparts. There is hope – some (but not
all) foreign futures may be eligible for preferential tax treatment. You
simply have to know the IRS rules applicable to futures and which foreign
exchanges are CFTC blessed.
December 2004: Assessing Your Trader Tax Status: It May Be Worth
Fighting the Feds
It’s more than a bit arbitrary trying to figure out if you’re
really entitled to trader tax status. Here’s some help in the fight
toward that right. By Robert A. Green
September 2004: Traders, Go Long Your Retirement Funds. Trading
Retirement Funds Can Save Loads in Taxes. This article is the second of
two pieces explaining how traders should plan for retirement. Last month,
our author described a trader’s choice of retirement plans and how
to form an entity to facilitate investment into retirement funds. This
month, he details how traders actually can trade their retirement accounts.
By Robert A. Green
August 2004: Do you sincerely want to retire one day?
Market forces may force you into “early retirement.” Traders
face special rules in retirement planning and you should start (or update)
your retirement planning now. Learn how to get significant income savings
from tax-deductible retirement plan contributions, while limiting your
self-employment taxes. Most likely, you will need an entity to create
“earned income” so learn which type of entity is best suited
for your needs. By Robert A. Green
February
2004: What tax rate does your future hold? Securities and futures
exchanges are competing for your business with lots of new products. When
choosing which ones look most attractive, add taxation to the mix; it
could help reduce your tax rate by 12 percent. By Robert A. Green
December 2003: Year-End Tax Planning Strategies
for Traders. Wise taxpayers should do tax planning before year-end. Traders
have special circumstances that make year-end tax planning even more paramount.
Certain moves can save you a fortune come April 15. By Robert A. Green
March
2003: Keeping the Record Straight: Tax Advice for Traders How
to prepare yourself, as a trader, for April 15th. By Robert A. Green. |
