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Trader Tax Articles

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

$7,000 of Tax-Free Income Every Year

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

Trader Tax Forms

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 trad

Trade as a Business Entity and Reap the Benefits

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

Tax Strategies for Forex Traders

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

Schedule D Tax Breaks

“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

Paying Your Estimated Quarterlies

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

Mark-to-Market Accounting

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

Limited Liability Company

Jim Forrester, CPA The limited liability company, or LLC, is often referred to as a hybrid legal entity because it attempts to combine the advantages and minimize the disadvantages of the sole proprietorship/partnership on the one hand and the corporation on the o

Incorporation May Make Sense in the Long Run

Jim Forrester, CPA When it comes to securing your business status in the eyes of the Internal Revenue Service, nothing carries more weight than the initials “Inc.” Incorporation elevates you as an enterprise with a vision, one that plans to grow, flourish and