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...
View ArticlePaying 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...
View ArticleSchedule 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...
View ArticleTax 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...
View ArticleTrade 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,...
View ArticleTrader 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...
View Article$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...
View ArticleTrader 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...
View ArticleThree Cheers for Tax Shelters!
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...
View ArticleHow to Setup Your Trading Entity as a Business
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...
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