Tax Tips for Day Traders – Traders Accounting Webinar Video

Posted on March 25, 2011 by JOHN PAUL in Latest Posts, Videos

In case you missed the presentation by Jim Crimmins of Traders Accounting given on March 23, be sure to watch the recording below. It contains money-saving tips that benefit traders and non-traders alike; very important this time of year (tax time).

Please click this image to view the webinar. Note that clicking this image will take you off-site to a page that requires registration.

In the presentation, Jim covers the following:

  • Trading as a sole proprietor
  • The IRS “special rules” surrounding “Traders Status”
  • The recent Frank Chen Tax Court Case, and what it means to all traders
  • The advantages and disadvantages of trading as a formalized business—what type trader would use a formal business?
  • Partnerships
  • LLCs
  • Corporations
  • Is there a cookie cutter approach to tax savings for a trader?
  • The taxation of 1256 contracts
  • The difference
  • What types of trading business would fit in this category
  • Mark to Market
  • A panacea or an empty promise for a trader?
  • Trading in a retirement account
  • What is the best way to approach this

Tags: day trading emini, daytradetowin, e-mini, emini, emini sp

One comment to “Tax Tips for Day Traders – Traders Accounting Webinar Video”

  1. #1
    bluemantrader wrote:
    28. March 2011 at 8:47 am :

    great information I could use, thanks

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