Entities

New traders and existing traders are interested in forming an entity to house their trading operations separate from other activities. But, tax breaks for an entity are not automatic; the entity needs to qualify for trader tax status – trading enough to claim business treatment. The entity looks better in the eyes of the IRS, compared to a sole proprietorship Schedule C which is a red flag.

Quick links to our entity content:

Trader Tax Center: Entities for Traders.

Green’s 2011 Trader Tax Guide: Chapter 7

Services: Entities for Traders. There is plenty of content up top plus our service offerings below.

Webinars:

• Kick Off to 2011 Tax Season Webinar, a four-part series.
  Click here for purchase details. The other Webinars are free.
  Part IV - Entities, Retirement Plans & More
• Trader Tax Returns, Entities & Retirement Plans
  June 9, 2011. Hosted by DTI and tailored to new traders.
  Click here for our free recording (audio and video of power point and more).
  Requires GoToMeeting.com/codec plug-in beforehand for PC users (see note).
• Trader Tax Returns, Entities & Retirement Plans
  March 31, 2011. Hosted by Lightspeed Trading; tailored to pro traders.
  Click here for our free recording.
• Trader Tax Benefits, Qualifying, Business Expenses & Tax Treatment
  March 15, 2011. Hosted by FXCM; tailored to forex traders.
  Click here for our free recording.

Beware of C-corp schemes
Our content points out significant tax problems for traders using C-corps. Read our blog: Dangerous entity scams targeting traders, part 1.

What’s next?
If an entity is right for you, we keep it simple and at low cost, delivering all the trader tax breaks you're entitled too.

We recommend a 30-minute phone consultation with Robert A. Green, CPA to confirm that you qualify for trader tax status and to find out if an entity is right for you. Robert will suggest the right entity for your family.

Next, you can upgrade to our low-cost entity formation service. Robert finalizes the entity structure and forms the entity. Our outside attorneys do all the legal documents and review the entire work.

Entity accounting: It’s important to start your accounting correctly from the start of your new entity.
Our accountants can set up and handle your entity accounting on an ongoing basis.

Retirement plans and health insurance deductions: As part of our consulting and entity formation services, Robert Green will consult with you on your retirement plans. We show you how to rollover and use your current retirement plans and set up the best type of plan for your new trading activity.