Entity & Benefits Plan Tax-Advantaged Solutions 2016 (Recording)

17 May

Entities save traders significant taxes.

May 17, 2016 at 4:15 pm EST


Recording

Description:

Join entity tax expert Robert A. Green CPA as he explains the following:

- Employee-benefit plan deductions: Traders who qualify for trader tax status (TTS) unlock health insurance and retirement plan deductions using an S-Corp trading company or C-Corp management company. Individual retail traders don’t have self-employment income so they cannot have employee-benefit plan deductions. See examples of saving $7,000 to over $16,000 in taxes.

- Tax loss insurance: Traders in securities with TTS benefit from a Section 475 election: It exempts them from wash sale loss adjustments and a capital loss limitation. It’s better to ring-fence Section 475 trades within an entity, segregating them from investments in individual taxable and IRA accounts. New entities may elect Section 475 within 75 days of inception.

- Best entities: Learn the best choice of entity for different situations. An S-Corp is best for maximizing employee-benefit deductions; otherwise, a partnership tax return works well. A C-Corp is inappropriate as a trading vehicle, but okay as a management company. In some cases, having a trading company and a management company is helpful.

- Best retirement plans: Learn the basics on Solo 401(k) defined contribution plans and more powerful defined benefit plans.

- Timing: Mid-year is an excellent time to form a trading entity. It breaks the chain on wash sales in your individual taxable accounts and there’s plenty of time to maximize employee-benefit plan deductions for the entire year.

Our live event is complimentary and we plan to offer a complimentary recording.

Related blog posts:
Active Traders Should Consider An Entity For Tax Savings
Safeguard Use Of Section 475 By Trading In An Entity

Testimonials

Darren, I bought the book and absorbed a lot of it. Your firm's writing and outreach are a testament to your experience and confidence, and I will be pleased to give you my complex tax filing business when that time arrives. I have really learned a lot in one day, from our conversation (I took detailed and organized notes) as well as the guide. For example, I would not have guessed that options on a commodity ETF (that's structured as a partnership) is probably a section 1256 contract. Your firm has the software and expertise to keep all this straight. Regards,

AT

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