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. The entity also unlocks additional tax savings like AGI-deductions for high-deductible retirement plans and health insurance premiums.

Quick links to our entity content:

Trader Tax Center: Entities for Traders.

Green’s 2013 Trader Tax Guide: Chapter 7

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

Webinars: Watch the latest ones. We cover entities often.

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 purchase our low-cost entity formation service. Robert finalizes the entity structure and forms the entity. Our outside attorneys do all the legal documents and more.

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.

Tax Planning for Net Investment Income (May 9)

Highlighted Recent Recordings:
*A Trading Business Entity Is Better Than A Sole Proprietorship
*Trader Tax Benefits & Elections To Make By April 15
* 2013 Trader Tax Law: What You Need to Know NOW
*2012 Tax Extensions & Section 475 MTM Elections
*2012 Trader Tax Preparation Examples & Tips
*Active Forex Traders Benefit From Trader Tax Status
*Tax Benefits from Trading Section 1256 Contracts
*How Traders Deduct Education
*Updates: Trader Tax, Form 8949 vs. 1099-B problems, & Forex
*Taxes for Options Traders
*Best Entities for Traders and Investment Management
*Launching an Incubator Hedge Fund

Trader Tax

Tax Tools

Highlights:

May 5: Petition on RallyCongress.com for the Net Investment Tax Read More

May 1: The IRS needs to fix their proposed regulations for the Net Investment Tax Read More

March 31: PFG investors can deduct theft losses on 2012 tax returns with Rev. Proc. 2009-20 safe harbor relief. That’s great news! Read More

March 20: Extensions & Section 475 MTM elections are due by April 15 Read More

March 7: MF Global & PFG Best deposit losses have nuanced tax treatment Read More

March 5: Caution, downloading securities Form 1099-Bs into TurboTax often leads to incorrect tax filings Read More

Feb. 5: Green’s 2013 Trader Tax Guide is our best ever Read More

Jan. 5: Post fiscal cliff tax planning for traders Read More

Dec. 7: New entities effective Jan. 1, 2013 reap many tax benefits Read More

Dec. 4: Investors in hedge funds depend on “assurance” from quality independent CPA firms Read More

Nov. 20: Cost-Basis Reporting Problems and Solutions Read More

Sept 5: High-income traders and ObamaCare’s 3.8% Medicare tax Read More

Aug 22: Proprietary trading Read More

Jun 20: The Best Entities for Traders and Investment Management Businesses Read More

Jun 20: Tax Benefits from Trading Futures & Other Section 1256 Contracts Read more

GreenTrader blog archive, Forbes blog, Benzinga blog.

 




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