TRADERS
SERVICES: CONSULTING
After you read our leading content about trader tax, forex tax, entities, hedge funds and advisers, you will probably have some good questions for us. The best way to get quick and dedicated answers to your specific questions is with a personal consultation with our Robert A. Green, CPA/CEO and our other GreenTrader professionals (attorneys and CPAs).
Start your consultation with Robert A. Green, CPA/CEO and depending on the questions, possibly complete it with one of our leading attorneys or other CPAs.
Most of our clients start their relationship with us with a consultation;
they get to know us and we get to know them. Trust is built up and we
form a good plan for execution. We find this step-by-step approach to
be the best way to do business on the Internet.
We often provide consulting on trader tax to other accounting firms and
law firms for the benefit of their clients. We are very supportive of
other professionals and we reinforce (rather than interfere with) their
client relationships.
After you sign up below, we schedule you immediately for a phone consultation.
Consultations on Trader Tax:
Popular topics include: Trader tax benefits
including: qualification for trader tax status; mark-to-market (IRC 475)
elections; if you need an entity and which type to set up; retirement
plan strategies; IRS exams and much more. See more
details for trader tax below. Robert Green's book "The
Tax Guide for Traders" is an excellent start, but many traders
have more questions afterwards. Get the expert answers you need directly
from the author Robert
A. Green CPA & CEO.
You may apply these consultation payments towards our Entity
Formation retainer.
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How it works: Ms. Bartholomew will email you to arrange
a day and time for the phone consultation with Mr. Green or other GreenTrader
professional that you choose. Or just e-mail info@greencompany.com
or call us to arrange it. You don't
need to utilize your entire 30-minutes on this call. You can save the
unused time until a later date.
Consultations on Other Matters:
Popular topics include:
- Business, tax and accounting matters for incubator funds, hedge funds and proprietary trading firms;
- Complex international, and US tax planning and transactions.
- Business consulting. Robert Green has helped several clients leave a good job to form their own company, and often their prior employer invests in their company too. Our attorneys help structure the new company agreements.
After you purchase a consultation, kindly send a brief email to info@greencompany.com explaining what you want to discuss with us.
For more information on consultations for funds and advisors, click
here.
Work with an expert:
Don't sell yourself short with a local CPA, tax attorney, or retail tax
storefront, who are probably not experts in trader tax, hedge funds and
advisors. There's a much better way thanks to the Internet! Save yourself
a bundle more in taxes by consulting directly with the recognized leading
CPA for traders, Robert A. Green, CPA and some of the best known tax attorneys
around. Read Green's articles most months in Active
Trader and SFO
magazines, and also his highly-acclaimed book "The
Tax Guide for Traders" published by McGraw-Hill.
Meet our GreenTraderFunds
professionals. Many are leaders in the hedge fund and advisor space.
Special issues
for traders:
Click
here to see special issues for hedge funds and advisors.
If you like what you read and hear about our unique and highly valued ideas for tax savings for traders, then consider a consultation with Robert Green to deploy our strategies in the best manner for you.
First and foremost, you need to qualify for trader tax status. If you are a "close call", Robert Green can help you make this very important determination. After you read the book and the bonus case law guide (on trader tax status), you will see that it's as much an art as a science for this crucial determination. Without trader tax status, you can't use mark to market accounting and you lose all the other trader tax benefits. Why not proceed on firm footing with America's leading trader tax authority. You will sleep better at night on your trader tax returns filed and you won't sell yourself short out of trader tax status.
Is mark to market accounting right for you? There are many myths about the pluses and minuses. Even after you read Green's book, you still may have trouble making the right decision on electing MTM. For example, if you have a large capital loss carryover, your election decision is a gamble of sorts. If you elect MTM on securities and have trading gains, that's ordinary income and you can't offset it with your capital loss carryovers. That raises your taxes. On the other hand, if you lose more money trading, you will be thrilled to have ordinary loss treatment which can generate immediate tax refunds, rather than adding more fuel to your fire (of unutilized carryover capital losses). Perhaps, one of GTT's special entity strategies can do away with this MTM election gamble.
Green starts most consultations by listening to your questions and concerns. Some clients email a list beforehand. Green then interviews you to fill in the necessary facts and circumstances, all the while making email notes. Green then answers all your questions and he seeks to end each session with clear visibility and strategies on trader tax status, mark to market accounting and entities.
Many traders’ sign up for a consultation with Green before they
sign up for preparation, to get Green's perspective on their entire tax
planning and preparation plan. Other clients sign up to see if they qualify
for trader tax status and what they should do about MTM elections, and/or
forex elections.
Other traders sign up to discuss entities. To see if an entity is right
for their needs; which type of entity is best for them; and how they should
use an entity - to avoid professional date feed fees, set up retirement
and health insurance plans, how to fund it and much more.
Green covers lots of ground in little time, so a consultation is a great value! The large majority of consultation customers upgrade to our tax preparation, entity formation and other services. It's a great way to start our relationship and work with our top strategist Green; who will always keep an eye out for you and your account within the firm.
Green's prepares a memo to file during the consultation and forwards it to the client and other GTT pros who become involved during preparation and entity formation work.
Start at the top and stay on top! Robert Green is looking forward to working with you soon.
Other popular topics for consultations:
Tax Planning: Wise taxpayers should do tax planning before year-end and during the tax year. Traders have special circumstances that make year-end tax planning even more paramount. Certain moves can save you a fortune for next April 15th.
Solutions:
Questions about qualifying for trader tax status, electing mark-to-market
accounting, wash sales, trading business operations and more. Our Solution
Package (highly recommended by Barron's) is the package for you.
Reviews:
Our CPA trader tax experts review your tax returns before you file them,
since they may contain serious errors. We are the leading trader tax preparation
experts, and you will benefit
from our firm's "second opinion." We work directly with your
other tax preparer, and we provide you both with the necessary corrections,
ideas for improved tax savings, and footnotes. We believe that our carefully
crafted footnotes are a must have with a trader tax return. Our footnotes,
which are customized for your return, explain trader tax status and your
trader tax-reporting strategies. They will significantly reduce your chance
of an IRS exam or questions from the IRS.
Entities: The best reason for a trader entity is to establish a retirement plan and/or other tax deductible and tax deferred employee benefit plans; which are not available for sole proprietor traders (who otherwise receive all trader tax status and MTM accounting benefits). Before you take the entity plunge, you should consult with our Robert A. Green, CPA, directly. He literally wrote the book on trader entities (see his many articles on the subject in Active Trader magazine).
Proprietary Trading: Whether you are joining a firm, creating your own, or doing business with a proprietary trading firm, we have all the services you need. From consultations, to review and/or creation of the legal agreements (LLC Operating Agreements), to preparation of your federal and state tax returns (for your proprietary trading firm and its members or your return if you are just a member).
Many traders are interested in job offers from proprietary trading firms. These offers often allow traders who are low on their own trading capital the opportunity to trade the firm's much more substantial capital (in a sub-account). Traders are offered 80 percent (or other percentage) of their trading gains in the form of a Form 1099-Misc. compensation or an LLC K-1. Often, the only risk for these proprietary traders is any capital they are asked to deposit or contribute to the firm. These offers sound great, but there are many complex tax issues and potential tax problems. The good news is that we have figured out tax fixes to deliver every possible tax benefit to you when you become a proprietary trader, including avoiding self-employment taxes, deducting your trading losses as ordinary with mark-to-market accounting, and deducting all your trading business expenses (which are not reimbursed by the firm). If you are a proprietary trader, you definitely need this consultation.
Retirement Plans: Trading gains are not "earned income," and therefore you cannot set up a retirement plan account in connection with trading. You can form an entity, generate income in that entity (from trading in the entity or other revenues), pay yourself a salary or a fee from the entity (which is earned income) and then set up a retirement account. The thing to decide is what type of entity you want to create and what type of retirement plan. We consult you on all these tax issues. If you trade for a living, you should have a retirement plan. Recent tax law changes increased deductible contributions significantly, and having a retirement plan is too good a deal to pass up. Traders know the power of compound returns; retirement plans grow tax-free much faster than taxable accounts. Lots of traders also want to know if and how they can trade their retirement plan capital. Some need to borrow money from their retirement plans. We can consult you on this as well.
IRS exams, notices and collections: Unfortunately, many traders did not use our firm in prior years and they made some errors on their tax return. As a result, they may have caused themselves to be audited. In our opinion, the IRS has been absent from the audit business for many years. However, we think the IRS has reawakened, and they want to raise revenue and force better taxpayer compliance. IRS agents don't know beans about trader tax status, and if you get audited they will certainly question your trader tax status, your Schedule C, mark-to-market accounting, NOL carry backs and more. Don't panic – we can show you proven ways to stop the auditors in their tracks and close your case with no changes. This is just what we have done for many traders. If you are a trader and the IRS is on your back for late filing, non-filing, penalties, collections or other things, contact us for help. We can probably fix your IRS problems right away and put their collections on immediate 'hold" while we help resolve your issues.
If you have any questions on any of our consultations, please e-mail info@greencompany.com or call us.