2013 Tax Filings For Traders & 2014 Tax Planning

02 Apr

Apr 02, 2014 at 4:15 pm EST

Green shows Lightspeed traders how to claim and benefit from trader tax status on 2013 tax filings, and how to make changes in 2014 that will save even more money.

Sponsored and hosted by Lightspeed Trading

Join noted trader tax expert Robert A. Green, CPA Managing Member of Green NFH, LLC a leading tax compliance firm for traders and investors.

  • How traders should prepare 2013 tax returns differently from investors
  • Business expenses versus investment expenses
  • Trading gains and losses are reported on other tax forms
  • Forex, securities, futures and options are taxed differently
  • Try to get lower 60/40 tax rates in Section 125
  • When to use summary reporting versus line-by-line reporting for each trade
  • Special accounting issues for securities traders, including using Tradelog software to generate Form 8949 with proper cost basis reporting and accounting for wash sales across all accounts
  • Business traders can form entities to deduct health insurance and retirement plan contributions
  • 2014 tax planning

Testimonials

After attending a few of the Green webinars, I quickly realized that Bob, Adam and Darren really know all the ins and outs when it comes to the tax handling, preparation and compliance for trading forex. As a full-time trader, their firm guided me in selecting and setting up a business entity for my trading. I also used Green for tax compliance for both my business and personal returns. At first I was hesitant to not have a local CPA, but with the technology we have today that is a non issue. I found Adam and his staff to be highly knowledgeable and he also answered any questions I had in a very timely manner. The tracking templates were easy to use and helped me keep all my expenses organized. I will continue to use Green going forward as I feel that my returns will be fully compliant with the IRS and that they are helping me to utilize the tax code to my benefit. If you are a serious trader I highly recommend their services.
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