TRADERS
SERVICES: IRS EXAMS

GTT represents you before the IRS and/or state tax authorities.

IRS and/or State Tax Exam Representation - Retainer* * Please only purchase this retainer, after you first complete a consultation with our CPAs; to see if we agree first that we can add value by representing you. $1,000

See many testimonials about our successful exam services. Click here.

We have the fewest traders examined, and the best record in dealing with the IRS
Less then a hand full of our trader preparation clients have been examined by the IRS over the past four years, since the new trader tax laws were passed. To date, we have won all exams, but a few are still in progress and are proving to be protracted.

See our new "Part-time trader" and "Money losing trader" pages for the difficult issues faced in these exams.

Our competitors are actually causing their traders to be examined, and their traders have no choice but to hire GTT to fix and win their case.

We have also been engaged by many traders who want us to represent them before the IRS after their tax preparer botched their returns. Wow! We can't believe all the horrible work we have seen, including many returns done by our copy cat competitors who profess to be trader tax experts.

In many cases, we believe the tax preparers caused the exam. For example, one of the most famous trader tax experts tells traders to report mark-to-market trading losses on Schedule C (Profit or Loss from Business). He probably has his firm prepare returns this way, as well. This is entirely wrong, as mark-to-market trading losses are reportable on Form 4797. Any trader can find this information on the IRS Web site (search for Day Trader). See our Alert page for more information about the sloppy and erroneous work done by our would-be competitors.

What you should do if you get an IRS exam notice?
We highly recommend that you fax us (at 212-658-9502) your IRS tax notices and replies, as well as the tax return being examined. See our Privacy Policy. We keep your fax and tax information entirely confidential. We will quickly reply to you if we think we can help and win your case. We don't want to take on the aggravation of a potentially losing case.

How our exam representation service works
If we think we can win, we will give you an idea of how much time we will spend on your case and request a retainer of $500. We then have you sign a Power of Attorney for our GTT CPAs to deal directly with the IRS. We call the IRS agent and reschedule the exam so that it is conducted by e-mail and mail. This is great, since now you don't have to have the IRS visit you or go to visit them. You are relieved from the entire process, which is good, since agents like to intimidate taxpayers. Now, however, the shoe is on the other foot. GTT, the recognized expert in trader taxation, will have to educate the agent, who is now intimidated because he or she doesn’t know the trader tax law as well as is necessary.

In most cases, we can win the exam right off the bat simply by explaining trader tax status, why you qualified for it and how you reported it correctly. Many times, we have to prepare a corrected tax return first to fix all the botched errors made by your initial tax preparer. Sometimes, there are more tax benefits in the correct return, other times there are errors that cost you money. We have to present a correct return.

The IRS respects GTT and, if necessary, we bring in the big guns from the IRS office who are writing the trader tax laws and are familiar with Robert A. Green, CPA (who has been working with them from day one on these new laws).

If you have any questions, send us a confidential e-mail at info@greencompany.com or call us at (203) 938-4716. We will tell you the next step to take. Remember, we won’t seek a retainer to sign you up unless we are confident we can win your case.