50-Minute Consultation With CPA/Member For Traders

Do you qualify for trader tax status? Should you elect MTM accounting? Can you benefit from an entity? How does the new tax law impact you? Our answers can save clients thousands of dollars.

Price: $325.00


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Our consultation service is an excellent way to start working with our firm. It allows clients to get their crucial tax questions answered. We get comfortable with each other, leading to successful entity formation, tax compliance (planning and preparation), accounting, IRS controversy, and other services.

We require a paid consultation before you purchase our entity formation service so we can be sure forming one is right for you.

Update March 2, 2021: Our updated policy requires a 50-minute paid consultation as a prerequisite to new clients purchasing our tax compliance service for the first time. We plan to accept new clients for our 2020 tax compliance service after April 15, 2021. Consider filing for a 2020 extension and attaching a 2021 Section 475 election statement. See our blog post Tips For Traders: Preparing 2020 Tax Returns, Extensions, and 475 Elections and watch our recording Tips For Traders On Preparing 2020 Tax Returns.

How the consultation works

After you purchase this service, see the "Downloadable Items" at the bottom of our email receipt. Click that pdf file for instructions, which includes links to the online calendars of Robert A. Green, CPA, Darren Neuschwander, CPA, or Adam Manning, CPA. You choose the CPA that you prefer. Green is booked a few weeks out.

These consultations often cover:

  • Trader tax and accounting questions.
  • Qualification for trader tax status (TTS).
  • The impact of wash sale loss rules on securities.
  • Whether you should elect Section 475 MTM ordinary gain or loss treatment for exemption from WS and the capital loss limitation, and an opportunity for the 20% QBI deduction on 475 net income.
  • Whether you should file a forex Section 988 capital gains election allowing Section 1256(g) lower 60/40 tax rates.
  • Cryptocurrency tax and accounting questions.
  • Whether an entity is useful and the best structure.
  • How to arrange employee benefit plans, including retirement and health insurance, with an S-Corp trading company or C-Corp management company.
  • Tax treatment differences for all financial products traded.
  • Tax-filing plan and planning opportunities.
  • The Tax Cuts and Jobs Act (TCJA) and
  • The CARES Act's impact on your tax preparation for 2020.

After the 50-minute consultation, we will email you a memo with our tax plan and suggested next steps. Phone time will be up to 45 minutes, and we spend 5 minutes preparing the email plan. When you upgrade to another service, such as entity formation and/or tax compliance, we pick up from where we left off.