Tag Archives: trader tax

Year-End Tax Planning For Traders

October 24, 2023 | By: Robert A. Green, CPA

Presentation Slides

Join Robert A. Green, CPA of GreenTraderTax.com, in his webinar on year-end tax planning for traders. Don’t wait until tax time in April 2024; arrange tax savings for 2023 before the year-end. Learn about tax-loss selling, avoiding wash sale losses, paying estimated taxes, and other tax-saving strategies.

Year-End Tax Planning For Traders

September 22, 2023 | By: Robert A. Green, CPA

Join Robert A. Green, CPA of GreenTraderTax.com, in his webinar on year-end tax planning for traders. Don’t wait until tax time in April; arrange tax savings before year-end. Learn about deferring income, accelerating deductions, tax-loss selling, avoiding wash sale losses, paying estimated taxes, Roth IRA conversions, S-Corp payroll with health and retirement benefits, SALT cap workaround strategies for pass-through entities, and other tax-savings strategies. Mr. Green will cover recent tax law changes that affect traders.

If you can’t join us live, register and you will automatically receive a link to the recording after the session ends. You don’t have to be a client of IBKR.

How Traders Maximize Tax Benefits Q&A

June 21, 2023 | By: Robert A. Green, CPA

Join host Robert A. Green, CPA of GreenTraderTax.com. Panelists include Darren Neuschwander, CPA, and Adam Manning, CPA, Managing Members of Green, Neuschwander & Manning, LLC, a CPA firm focused on traders.

We’ll spend about 15 minutes on the below content and 45 minutes on Q&A.

Active traders who qualify for trader tax status (TTS) are entitled to significant tax benefits:

– TTS traders can deduct from gross income business expenses of all stripes.
– They can elect mark-to-market accounting (Section 475 MTM) to avoid wash sale losses on securities and navigate around the $3,000 capital loss limitation – tax loss insurance. They can be eligible for a 20% deduction on qualified business income (QBI) if profitable.
– Traders can arrange health insurance and retirement plan deductions (employee benefits) using an S-Corp to pay officer compensation, which creates the necessary earned income component.
– In about 29 states, TTS pass-through entities can utilize the state and local tax (SALT) cap workaround solution to avoid the $10,000 cap on SALT itemized deductions.
– Investors can’t arrange any of the above tax breaks but enjoy long-term capital gains rates and lower 60/40 capital gains rates on futures (1256 contracts).

About GreenTraderTax and Green, Neuschwander & Manning, LLC: https://greentradertax.com/about-us/

If you can’t join us live, register and you will automatically receive a link to the recording after the session ends. You don’t have to be a client of IBKR.

How To Achieve Tax Savings As A Trader

March 1, 2023 | By: Robert A. Green, CPA

Join noted trader tax expert Robert Green, CPA, CEO, GreenTraderTax.com, for this in-depth session where he will delve into practical ways to execute strategies for real tax savings. Business traders will save thousands with this class as they learn the tax advantages of “trader tax status” (TTS).
 
Trader Tax Status
  • Learn the golden rules for eligibility for TTS
Business Expenses & Accounting
  • TTS traders deduct business, startup, organization, and home office expenses, whereas investors cannot
  • TTS is a pre-requisite for using Section 475 MTM accounting, which exempts securities trades from wash sale loss adjustments, navigates around the $3,000 capital loss limitation, and unlocks a 20% qualified business income (QBI) deduction
  • If you did not elect Section 475 on time, learn to avoid wash sale loss adjustments at year-end
Entities
  • Learn how TTS traders use an S-Corp to deduct health insurance premiums and high-deductible retirement plan contributions
  • Learn how to use a TTS partnership or S-Corp for a SALT cap workaround and segregate trading vs. investments
*$119.00 per person if purchased by 3/20/2023
$139.00 per person if purchased after 3/20/2023
 
If you miss the live course, you can always watch it on demand at a later date.
 
MoneyShow Virtual Expo, March 21-23, 2023.
 

Tips For Traders On Preparing 2022 Tax Returns

February 6, 2023 | By: Robert A. Green, CPA

Presentation Slides

Join Robert A. Green, CPA, from GreenTraderTax.com, for insights and information to help traders file their 2022 federal tax returns timely and accurately in 2023.

  • Mr. Green interviews Darren L. Neuschwander, CPA, head of tax compliance services for Green, Neuschwander & Manning, LLC.
  • Learn how traders, eligible for trader tax status (TTS), maximize business expenses, make vital tax elections, and utilize pass-through entities for further tax benefits, including health insurance, retirement plans, QBI, EBL, NOL, and SALT deductions.
  • Learn all the various tax forms to use for multiple types of financial products, dealing with wash sales, and other accounting methods.
  • Learn tips for filing tax extensions and paying taxes on time to avoid penalties.
  • Learn common errors on TTS traders’ tax returns, leading to an IRS or state exam.

If you can’t join us live, register and you will automatically receive a link to the recording after the session ends. You don’t have to be a client of IBKR.

IBlogo

Year-End Tax Planning For Traders (MoneyShow)

October 26, 2022 | By: Robert A. Green, CPA

Presentation Slides

Join Robert A. Green, CPA of GreenTraderTax.com, in his webinar on year-end tax planning for traders. Don’t wait until tax time in April; arrange tax savings before year-end. Learn about deferring income, accelerating deductions, tax-loss selling, avoiding wash sale losses, paying estimated taxes, and trader entity tax-savings strategies.

 

 

 

Year-End Tax Planning For Traders

October 3, 2022 | By: Robert A. Green, CPA

Join Robert A. Green, CPA of GreenTraderTax.com, in his webinar on year-end tax planning for traders. Don’t wait until tax time in April; arrange tax savings before year-end. Learn about deferring income, accelerating deductions, tax-loss selling, avoiding wash sale losses, paying estimated taxes, Roth IRA conversions, S-Corp payroll with health and retirement benefits, SALT cap workaround strategies for pass-through entities, and other tax-savings strategies. Mr. Green will cover recent tax law changes that affect traders.

 

How To Achieve Tax Savings As A Trader

September 22, 2022 | By: Robert A. Green, CPA

Presentation Slides

Join Robert A. Green, CPA of GreenTraderTax.com, as he explains the tax advantages of “trader tax status” (TTS).

  • Learn the golden rules for eligibility for TTS.
  • TTS traders deduct business, startup, organization, and home office expenses, whereas investors cannot.
  • TTS is a pre-requisite for using Section 475 MTM accounting which exempts securities trades from wash sale loss adjustments, navigates around the $3,000 capital loss limitation, and unlocks a 20% qualified business income (QBI) deduction.
  • If you did not elect Section 475 on time, learn to avoid wash sale loss adjustments at year-end.
  • Learn how TTS traders use an S-Corp to deduct health insurance premiums and high-deductible retirement plan contributions.
  • Learn how to use a TTS partnership or S-Corp for a SALT cap workaround and segregate trading vs. investments.

 

How To Achieve Tax Savings As A Trader (MoneyShow Virtual Expo)

September 2, 2022 | By: Robert A. Green, CPA

Presentation Slides

Join Robert A. Green, CPA of GreenTraderTax.com, as he explains the tax advantages of trader tax status (TTS).

  • Learn the golden rules for eligibility for TTS for full-time or part-time traders. You can claim TTS for all or part of 2022 and 2021; the IRS does not require an election.
  • TTS traders deduct business, startup, organization, and home office expenses, whereas investors cannot.
  • TTS traders can elect Section 475 MTM accounting which exempts securities trades from wash sale loss adjustments, navigates around the $3,000 capital loss limitation, and unlocks a qualified business income (QBI) deduction.
  • TTS traders might achieve additional tax benefits using an entity like an LLC taxed as a partnership or S-Corp.

 

How Traders Elect 475 To Maximize Their Tax Savings

February 21, 2022 | By: Robert A. Green, CPA

Join Robert A. Green, CPA, of GreenTraderTax.com.

  • If eligible for trader tax status (TTS), traders should consider making a Section 475 election to avoid wash sale losses, the $3,000 capital loss limitation, and qualify for a 20% qualified business income (QBI) deduction on Section 475 ordinary income.
  • Learn how to make a 475 election on a timely basis.
  • Section 475 is a consequential election for TTS traders with many advantages, but first, consider personal circumstances and nuances.

This live online event is presented by TradeStation and hosted on TradeStation’s affiliate YouCanTrade.com (TS).