Tag Archives: tax compliance

Wow

March 30, 2020 | By: Robert A. Green, CPA

(Deborah King CPA) Ok, got it. Wow, the amount of complexity is mind-boggling. Glad we have you on our side to walk us through everything! Thanks as always for your speedy work this year, Deborah!

great job

| By: Robert A. Green, CPA

(Rachel Ellis CPA) Thank you for doing a great job with my taxes again this year.  Always a big relief once they are done. Thank you again and take care.

April 15 Tax Deadline Moved To July 15 & CARES Act

March 28, 2020 | By: Robert A. Green, CPA

The IRS moved the April 15 tax deadline to July 15, 2020, thereby postponing tax filings and tax payments. Most states also delayed the tax deadline.

Usually, a TTS trader must submit a 2020 Section 475 election by April 15, 2020. Will the IRS accept a 2020 Section 475 election made by the postponed July 15 deadline?

The new CARES Act includes significant economic aid and tax relief provisions. If you have NOLs from business activities in 2018, 2019, and 2020, CARES allows five-year NOL carrybacks for immediate tax relief. TCJA had repealed NOL carrybacks and only allowed carryforwards. Traders, eligible for trader tax status (TTS), might have NOLs from trading expenses and Section 475 ordinary losses. With NOL carrybacks allowed for 2020, it makes a 475 election essential if you have YTD losses.

Join CPAs Robert A. Green and Darren Neuschwander of GreenTraderTax.com, to learn about these developments.

Webinar hosted and recording produced by Interactive Brokers. Everyone is welcome; you don’t have to be a client of IB.

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I will never leave

March 25, 2020 | By: Robert A. Green, CPA

Thank you (Darren Neuschwander CPA). I will never leave. Ever since the IRS letter, I value having a brilliant tax guy to handle my stress.  I am in good hands and I know it. Thank you so much.

great working with you

March 23, 2020 | By: Robert A. Green, CPA

Hey Mandy (Kays CPA), It has been great working with you again this year. Thanks for all of your help with my return. I hope the rest of tax season goes smoothly for you. Thanks,

pleasure to work with

| By: Robert A. Green, CPA

Thanks Rachel (Ellis CPA).  You are a pleasure to work with….a real pro!  When I was in the Pentagon, the absolute best compliment I could ever give one of my people is Bravo Zulu.  In the Navy, it means We’ll Done. Thanks for all you do.

very kind

March 17, 2020 | By: Robert A. Green, CPA

Star (Johnson CPA), You’re welcome and very kind. I do intend to continue working with you. I liked working towards the March 15 and April 15 deadlines. It’s much easier for me now that I’ve been working with you for a couple of years. Take care.

You make taxes a pleasure

March 14, 2020 | By: Robert A. Green, CPA

Hi Mandy (Kay CPA), You make taxes a pleasure and I think that’s what makes you so great to work with and I look forward to doing it again and again. You have a great year and hopefully, I will get to work with you next year and beyond. Thanks so much,