I’m sure you’ve heard the saying to become a successful trader you must “treat trading like a business.” Setting up a trading entity correctly is an important step if you are a business trader whose full-time position is (currently or soon to be) trading the markets. After reading this artic

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Okay, before you get the wrong idea … today’s article is not going to talk about hiding money in foreign countries or any other strategy that is either suspicious or outright illegal. Cheating on your taxes is hardly something I would advocate, let alone celebrate. Sure, I think a lot of

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Trader Tax Forms Advantages of using a C Corporation for your Trading Business Trade as a Business Entity and Reap the Benefits Futures: What You Trade Determines How You’re Taxed Forex: Know What You Trade to Avoid Tax Traps Limited Liability

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If you are trading through a corporation or combination of legal entities that includes a corporation, you have the opportunity to obtain tax-free income by the proper utilization of a little-known tax code provision, Section 280A. This article will address the co

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By Jim Forrester, CPA Trader income tax preparation can be overwhelming for the first-time filer. Even many experienced traders prefer to entrust their federal income tax return to Traders Accounting’s tax professionals rather than battle it alone. You know trading; we know trader taxes. It’s ju

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By Jim Forrester, CPA The Internal Revenue Service has two tax codes: one for businesses, the other for individuals. Because businesses grow money both by paying taxes and employing other taxpayers, they are rewarded and encouraged through a benevolent tax code. I

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TradersAccounting.com Forex: Know What You Trade to Avoid Tax Traps: Forex, the foreign currency exchange market, can be a lucrative one indeed for traders skilled in its dynamics. This worldwide network of government central banks, commercial and investment bank

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“How I Turned My Frustration With the Schedule D Into a Tax Break I Could Drive My SUV Through” If you are a trader and you want to reduce your taxes, there are issues potentially worth many thousands of dollars to you that you need to consider right

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The following is a summary of the requirements for paying your estimated quarterly taxes. Individuals: The general rule is that at least 90% of an individual’s final income tax liability is to be paid through either withholding or estimated tax payments. The est

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One of the most important decisions you will make as a trader is whether to elect the mark-to-market (MTM) accounting method. Although MTM is only available to traders, not investors, and does offer some significant tax advantages, it is not right for everyone. Wh

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