Trader Tax Return Review Service – 60 Minutes

Many traders don't collect all the tax benefits they are entitled to on tax return filings. Local accountants are not experts on trader tax matters, and even they make common mistakes. Use our service to fix and improve your tax return filings, and get the second opinion you deserve.

Price $350.00

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We are pleased to offer this tax return review service for traders. Whether you are working on current year tax returns, or want a second opinion on prior-year tax returns already filed, this service is a good option for traders to consider. Our trader tax experts will look for what you or your accountant might have overlooked or done wrong, and we can improve. Tax years remain open for three years so that you can consider amended tax returns.

After purchase, we will email you instructions for the next steps including scheduling your 60-minute GoToMeeting with Darren Neuschwander CPA or Adam Manning CPA. They will email you a request to upload your tax returns in PDF format to our ShareFile and perhaps some tax information statements. We might recommend more time as we approach the end of the 60-minute meeting.

Our tax return review service includes

  • Help with trader tax status (TTS): If you qualify for TTS for any part of the year, you can add a Schedule C to deduct your trading business expenses, startup costs, and home-office expenses above-the-line from gross income. TTS does not require an election, whereas, Section 475 MTM does.
  • In a tax return footnote, we will help you explain trader tax status and how you qualify for it.
  • If you traded securities, there is complicated accounting for wash sale loss adjustments or Section 475 MTM accounting, including a Section 481(a) adjustment for the first year of the election. Consider our trade accounting service in conjunction with our tax return review service.
  • A timely-filed Section 475 MTM election statement, and Form 3115 (Change of Accounting Method) to perfect the Section 475 election. We can help you with this election statement and Form 3115. (Form 3115 will require overtime.)
  • Tax treatment for traders can be confusing, and we get it right, taking advantage of losses where possible and lower Section 1256 60/40 capital gains rates. Traders can depart from broker 1099-Bs where entitled, and we help you explain it in the tax return footnotes.
  • The home-office deduction is one of the most significant deductions for traders, and a trader needs to make special moves on the tax return to unlock the full deduction.
  • We help you consider the 20% deduction on qualified business income in pass-through entities. Traders with net Section 475 income over trading expenses might be eligible for this QBI deduction.

Disclaimer: We are not preparing and signing your tax returns. For example, we are not looking at all your source documents and checking your tax forms for the accuracy of tax calculations. Therefore, we are not responsible for your tax return filing, as you are the responsible party as self-preparer. We rely on client representations during our meeting.

If you have any questions, please contact us.

Thank you for trusting our firm to help you. We've earned trust from traders since 1983.

Robert A. Green, CPA
Darren L. Neuschwander, CPA
Adam W. Manning, CPA
Members, Green, Neuschwander & Manning, LLC