Message Board     Main Index     Search     New user     Login     Who's Online     FAQ     Message Board Rules     User Guide (PDF) Conf. Calls & Podcasts     Webinars     Trade Shows     Trader Tax Guides     Videos     Radio     In the Media     Blog     Trader Tax Center

EDUCATION CENTER INTERACTIVE: GTT MESSAGE BOARD Proprietary Trading >> Tax issues if working for a proprietary trading firm Previous   Index   Next   Flat   Threaded   sf1000 stranger Reged: 03/20/10 Posts: 1 Employee Status       03/20/10 08:06 AM Edit Reply Quote I am a trader with a proprietary trading firm structured as a LLC. I understand that, being categorized as a class B member in the LLC, I will be issued a K-1 which I will then use to file taxes as a self employed individual. However, going by IRS form SS-8, it seems like the traders at the firm should be classified as employees. Is it possible that some firms are wrongly classifying traders as members versus employees by making them sign an agreement? What steps can be taken to prevent/rectify such industry practices? Thank you. Post Extras       Entire thread Subject Posted by Posted on Employee Status sf1000 03/20/10 08:06 AM Re: Employee Status GreenGTTCPA   04/01/10 02:08 PM Extra information Permissions Misc 0 registered and 1 anonymous users are browsing this forum. Moderator:    · You cannot start new topics · You cannot reply to topics · HTML is disabled · UBBCode is enabled Rating: Thread views: Rate this thread Jump to 1 star 2 star 3 star 4 star 5 star *Traders* -----   Trader Tax Status   Mark to Market (MTM) Accounting   IRS Exams   Trade Accounting   Retirement Plans   Entities   Self-Employment Tax*Investors* -----   Investors - General Questions*Hedge Funds* -----   Accounting & Software   Tax, Audit and Business*Proprietary Trading* -----   General issues & Pros/Cons of proprietary trading   Tax issues if working for a proprietary trading firm

UBB.threads™ 6.3.2