Tag Archives: TTS

Green’s 2024 Trader Tax Guide

December 4, 2023 | By: jparasole

Purchase

Our online guide PDF is 113 pages, 8 x 11, single-spaced, and easy to read. You get access immediately after purchase and see the Download PDF link in your email receipt. We might update this online guide during 2024 for tax changes that impact traders, and you will have access to the updated online versions.

We sell the paperback version on Amazon and other outlets.

Green’s 2024 Trader Tax Guide offers comprehensive insights and strategies to help traders maximize their tax benefits on their 2023 tax returns. Whether you prefer self-preparation or rely on a CPA firm, this guide provides valuable assistance in optimizing your tax savings. Although specific opportunities for some tax breaks on 2023 returns may have passed, the guide empowers you to implement effective tax strategies and elections for the 2024 tax year.

Featuring 18 informative chapters, the guide covers a wide range of topics crucial to traders, including trader tax status, Section 475 MTM, and tax treatment for various instruments such as securities, futures (1256 contracts), options, ETFs, ETNs, forex, precious metals, cryptocurrencies, and swaps. It also addresses accounting for trading gains and losses, trading business expenses, tips for tax return preparation, tax planning, entity solutions, retirement plan strategies, IRS and state tax controversy, traders in tax court, proprietary trading, investment management, international tax implications, ACA Net Investment Income Tax, short selling, and the impact of significant tax legislation.

Whether you are a seasoned trader or new to the world of trading, Green’s 2024 Trader Tax Guide is a valuable resource for navigating the complex landscape of tax regulations and making informed decisions to optimize your financial outcomes.

Green’s Trader Tax Guide has been published annually since 1997 and remains the gold standard in trader tax.

About the Author

Robert A. Green is a CPA and CEO of Green & Company, Inc. (GreenTraderTax.com). Mr. Green is a leading authority on trader tax and a Forbes contributor. He is also the author of The Tax Guide for Traders (McGraw-Hill, 2004) and Green’s annual Trader Tax Guide. Mr. Green is frequently interviewed and has appeared in the New York Times, Wall Street Journal, Forbes, and Barron’s. He is the Traders Expo’s chief tax speaker and presents tax webinars for Interactive Brokers, TradeStation, Lightspeed, and other trading industry participants. Mr. Green founded and managed two CPA firms focused on traders: Green & Company CPAs and Green, Neuschwander & Manning, LLC.

Top 11 Tax Deductions For Active Traders (Interactive Brokers Recording)

February 24, 2017 | By: Robert A. Green, CPA

Join trader tax expert Robert A. Green, CPA as he explains his top 11 tax deductions for traders who qualify for trader tax status.

  • Home-office (HO) deductions
  • Additions and improvements to office
  • Tangible property expensing
  • Section 179 (100%) depreciation
  • Automated trading systems
  • Education, mentoring and seminars
  • Section 195 start-up expenditures
  • Organization expenses
  • Health insurance premiums
  • Retirement plans
  • Short selling expenses
IBlogo

Account referral

 

 

Top 10 Tax Deductions For Active Traders (Recording)

May 25, 2016 | By: Robert A. Green, CPA

Join trader tax expert Robert A. Green, CPA as he explains his top 10 tax deductions for traders who qualify for trader tax status.

  • Home-office (HO) deductions
  • Additions and improvements to office
  • Tangible property expensing
  • Section 179 (100%) depreciation
  • Automated trading systems
  • Education, mentoring and seminars
  • Section 195 start-up expenditures
  • Organization expenses
  • Health insurance premiums
  • Retirement plans

Related blog post: Top 10 Tax Deductions For Active Traders.

 

Traders Expo NYC: Trader Tax Law Update

January 22, 2015 | By: Robert A. Green, CPA

David GrandeyJoin me at The Traders Expo New York, February 28–March 2,
to learn the latest strategies for trading stocks, ETFs, commodities, futures & forex, watch pros explain live trades, test drive cutting-edge products, and receive exclusive discounts & prize giveaways! Please see my speaking schedule below and register free now.

Trader Tax Law Update: Current Developments, Obamacare Taxes, Trader Tax Status, Key Tax Elections, Entities, and Retirement Plans
March 1, 8:00 am – 9:00 am EST

This presentation will cover:

  • Current developments including tax reform, tax changes, and court cases.
  • Obamacare taxes: individual health insurance mandate (tax penalties, exemptions, premium tax credits, and claw backs of subsidies) and the net investment income tax on upper-income taxpayers.
  • How to save thousands with trader tax status (business treatment) and discover key trader tax strategies and tax elections. Investors have important elections to make, too.
  • Tips for preparing a trader tax return for 2014 with maximum tax benefits.
  • The key tax treatment differences between securities, Section 1256 contracts (futures, all types of options, ETFs, forex, precious metals, and more).
  • The best types of entities and retirement plans for traders.

There is no recording of this live event. 

IRS And State Exam Controversy For Traders (Recording)

October 14, 2014 | By: Robert A. Green, CPA

Join Green NFH’s Robert A. Green CPA and Mark Feldman, tax attorney in this Webinar.

There’s been an increase in tax exams over trader tax status, cost-basis reporting and related issues. Recently, our CPA firm successfully represented a trader in tax court. State tax authorities are also challenging trader tax status and related Section 475 MTM ordinary loss treatment, trying to avoid issuance of large tax refunds. Learn the latest arguments raised by IRS and state tax authorities on the exam and appeals level, and how to mount a successful defense. In this Webinar, we will cover:

  • Highlights of our recent “small claims” petition filed in federal tax court with favorable outcome.
  • Highlights of recent state tax controversy over trader tax status.
  • IRS cost-basis reporting controversy including tax notices.
  • IRS attacks on weak segregation of investment positions vs. trading business positions and related implications for trader tax status and use of Section 475 MTM ordinary gain or loss treatment.
  • Review of trader tax status requirements.
  • Common mistakes traders and local tax preparers make that invite IRS and state controversy.
  • Questions and answers.

For traders involved with IRS or state tax controversy, we recommend our IRS & State Tax Exam Representation Service.

The Tax Court Was Right To Deny Endicott Trader Tax Status (Recording)

October 7, 2014 | By: Robert A. Green, CPA

Join CPAs Robert A. Green and Darren Neuschwander, Managing Members of Green NFH, LLC

Click here to read the related blog dated Aug. 30, 2013.

Description: In this Webinar, we review a Word file containing the actual tax court case. We read important sentences highlighted in yellow, and discuss several comments added by Green. All options traders and other traders who manage their investments and want to claim trader tax status need to watch this recording. We added this Word file as a PDF to Green’s Trader Tax Guide.

Trader Tax Status

September 20, 2014 | By: Robert A. Green, CPA

Join Green NFH CPAs Robert Green and Darren Neuschwander in this Webinar.

Trader tax status constitutes business treatment and unlocks an assortment of meaningful tax benefits for active traders who qualify. The first step is to determine if you qualify for trader tax status. If you do, you can claim some tax breaks (such as business expense treatment after the fact) and elect and setup other breaks (such as Section 475 MTM and employee-benefit plans) on a timely basis. In this Webinar, we will cover:

Traders Expo: Trader Tax Law Update

September 11, 2014 | By: Robert A. Green, CPA

Traders Expo

Las Vegas | Nov. 19 – 22, 2014 • Caesars Palace

Trader tax law update: Current developments, year-end tax planning, business treatment (trader tax status), key tax elections, entities and retirement plans. – Free Workshop

Presented by Robert A. Green, CPA

• Current developments including tax reform, tax changes and court cases.
• Specific tax moves upper-income taxpayers should make in 2014 to avoid the ObamaCare 3.8% Medicare tax on unearned (investment) income and income and capital gains tax-rate hikes.
• How to execute year-end strategies that are often overlooked.
• Learn how to save thousands with trader tax status and discover key trader tax strategies and tax elections. Investors have important elections to make, too.
• Learn how to qualify for and claim trader tax status for 2014 even after year-end.
• Preparing a trader tax return for 2014 with maximum tax benefits.
• There are key tax treatment differences between securities, Section 1256 contracts (futures), all types of options, ETFs, forex, precious metals and more.
• Entities are a way to avoid the red flags associated with Schedule Cs for sole proprietor business traders, and they unlock additional tax breaks including high-deductible retirement plans and health-insurance premiums. Entities help traders avoid wash-sale loss deferral problems. They are more flexible for changing tax-treatment elections. Learn about the best types of entities and retirement plans for traders.
• Accounting software and a smartphone app GTT Tracker is excellent for tracking expenses and time and documenting qualification for trader tax status.