Tag Archives: trader tax

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

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

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).

 

Tips for Traders on Preparing 2021 Tax Returns

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

Presentation Slides

Join Robert A. Green, CPA, from GreenTraderTax.com, for insights and information to help traders file their 2021 federal tax returns timely and accurately in 2022.

  • 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.
  • Learn how new tax legislation impacts 2021 tax filings for 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.

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Year-End Tax Planning For Traders

October 30, 2021 | 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 Q4 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. If Congress raises the top tax rates for 2022 on ordinary income and long-term capital gains, upper-income taxpayers might want to accelerate income.

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.

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How To Achieve Tax Savings As A Trader (MoneyShow)

September 21, 2021 | By: Robert A. Green, CPA

Presentation slides

Join Robert Green to learn the golden rules for eligibility for TTS. You can claim TTS for all or part of 2021 and 2020. TTS traders can deduct business, startup, organization, and home office expenses, whereas investors cannot.

TTS traders should consider a Section 475 MTM election for 2022; it’s too late for 2021. Section 475 trades are exempt from wash sale loss adjustments and the capital loss limitation, and they are eligible for the 20% qualified business income (QBI) deduction. QBI excludes capital gains.

Tune in and discover how TTS traders use an S-Corp to deduct health insurance premiums and high-deductible retirement plan contributions. Consider an entity for 2022; it’s getting too late for 2021.

How To Achieve Tax Savings As A Trader

July 29, 2021 | By: Robert A. Green, CPA

Presentation Slidess

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 2021 and 2020; the IRS does not require an election for TTS.
  • Automated trading systems (ATS) can qualify for TTS, providing the trader is significantly involved with creating the ATS. Using software or services that mimic other people’s trades is not eligible for TTS.
  • TTS traders deduct business expenses, startup costs, organization costs, and home office expenses, whereas investors cannot.
  • Learn how TTS traders use an S-Corp to deduct health insurance premiums and high-deductible retirement plan contributions.
  • TTS is a pre-requisite for using Section 475 MTM accounting which exempts securities trades from wash sale loss adjustments, navigates around the capital loss limitation, and unlocks a qualified business income deduction.

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.

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IBKR is hosting the Webinar

Trader Tax Law: 2021 Mid-Year Update

June 16, 2021 | By: Robert A. Green, CPA

Presentation slides

Join Robert A. Green, CPA of GreenTraderTax, for tax developments impacting traders, including entities, a SALT cap workaround, and President Biden’s tax hike proposals on investors.

  • A new entity qualifying for trader tax status (TTS) can elect Section 475, providing an exemption from wash sale loss adjustments, the $3,000 capital loss limitation, and eligibility for a 20% QBI deduction. In addition, an S-Corp can deduct health insurance premiums and a high-deductible retirement plan like a Solo 410(k). Mid-year is an excellent time to consider a new TTS entity,
  • An entity might offer a SALT cap workaround to circumvent the $10,000 limit on state and local itemized deductions.

Biden’s tax proposals in Treasury’s FY 2022 Greenbook curtail long-term capital gains for taxpayers making over $1M and closes the carried interest tax break for fund managers earning over $400,000. However, Biden’s Greenbook does not offer to remove the contentious SALT cap, and it retains the 20% QBI tax deduction. In addition, it does not propose a financial transaction tax.

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

IBKR is hosting the Webinar

Tips For Traders On Preparing 2020 Tax Returns (TradeStation)

February 17, 2021 | By: Robert A. Green, CPA

Optimize your strategy for handling taxes as a trader:

  • There are new and revised 2020 tax forms and tax preparation strategies based on implementing the 2017 Tax Cuts and Jobs Act and the 2020 CARES Act.
  • Learn how traders, eligible for trader tax status (TTS), maximize business, home office, and startup expenses using critical tax-reporting strategies.
  • Don’t solely rely on broker 1099-Bs: There might be opportunities to switch to lower 60/40 capital gains rates in Section 1256, use Section 475 ordinary loss treatment if elected on time, and report wash sale losses differently.
  • Make vital 2021 tax elections on time.
  • Learn common errors on 2020 tax returns for TTS traders, which can lead to an IRS or state exam.
  • Learn tips for filing extensions and paying taxes due April 15, 2021.

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