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How
to Make Your Trading a "Business" and Get
Tax Breaks Worth $8,500 Every Year
Learn
everything you need to know about
'Trader
Status' and the
'Mark-to-Market
Accounting Election'...who qualifies, how to
notify the IRS, how to fill out your tax return, and
how to lock in thousands of dollars in tax savings every
year.
Dear Trader,
Learning the skills required to become
a successful trader can take a long time and cost a
lot
of money.
However, if you have the right information,
at the right time, you can substantially reduce
your financial risk and actually put cash back in your
pocket, thanks to the IRS.
The IRS will subsidize
your trading business to the tune of $8,500 each year!
(Learn how in less than 45 minutes)
Everything
you need to know is in Traders Accounting's new interactive,
multimedia CD-Rom presentation,
Trader Status
and the Mark to Market Accounting Election.
Here
is what you will learn:
-
Exactly what Trader Status is and how to 'get'
it
-
Who
shouldn't take Trader Status? (psst, the IRS is watching...)
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If
you take Trader Status, how do you fill out your tax
return?
-
How
do you declare income from your business if all you
are doing is trading?
-
Do
you have to pay self-employment taxes?
-
The
five conditions the IRS uses to determine your filing
status and what you can do about it
-
Can
a Swing Trader qualify as a trader?
-
How
many hours do you have to devote to trading in order
to make it a business?
-
Can
you have a full-time job and still qualify as a trader?
-
What
you have to do on a daily basis to qualify as a trader?
-
Does having long-term holdings disqualify you
from trading as a business?
Once
you have achieved Trader Status, what does that mean to
you?
It
means is that you are now a
business owner,
and the gates of Tax Write-off Heaven open up wide!
Here
is what IRS Code Section 162 (one of the biggest tax shelters
available) states:
All
"ordinary and necessary" business expenses are
fully tax deductible!
Let's
be clear. Instead of paying for trading expenses with
after-tax income, you are now paying for expenses with
before-tax income. The result is that you are reducing
your taxable income, dollar for dollar. The result is
less taxes and more cash in your pocket. The bottom line
is:
extra cash flow every month!!!
Just
like our trader clients, you can easily learn how to write-off
between $15,000-$25,000 in legitimate, IRS approved business
expenses each year. Figuring a combined state and federal
tax rate of 34%, that means $5,100-$8,500 in extra cash
in your pocket each year, from just extra deductions alone.
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Quick!
Surprise Accounting Quiz:
If
you were getting a 8% return on your investment,
how much would you have to have invested to get
$8,500 in cash each year? |
Ding...times
up. The answer is $106,250. That means you would need
over $100,000 invested to get a return of $8,500. Instead,
learn how to run your trading as a business, and get that
kind of return by simply doing what you are already doing!
Why
Haven't I Heard About This Before?
Most
CPAs or tax professionals do not understand trader taxation.
It is a very specialized area that relies heavily on tax
court cases involving traders. There is also very little
guidance from the IRS on trader taxation issues. Only
in Publication 550 do we get a glimse of the IRS's thoughts
on traders.
Due
to the lack of widespread knowledge about Trader Status
issues, we have been asked to write articles for SFO magazine,
Pristine View, and Futures magazine, in just the last
few months. In addition, we have been invited to speak
at each of the International Traders Expos in 2004, as
well as with trader groups in Florida, Colorado, and California.
The
knowledge you will receive in
Trader Status
and the Mark to Market Accounting Election
is based on our experiences working with traders like
yourself for over six years. Combined, the CPAs and Tax
Attorneys of Traders Accounting have decades of professional
experience helping small business owners maximize their
tax savings, while at the same time dramatically lowering
their audit risk.
Use
Mark to Market Accounting and Avoid Wash Sales and Loss
Carryforwards
The
tax benefits of Trader Status are remarkable of themselves.
But you may be shocked when you learn what Mark to Market
Accounting can do for you.
Here
are the two main benefits:
-
You
eliminate
the $3,000 Capital Loss limitation. For example, if
you have a $10,000 loss, and you also have $80,000 in
gross W-2 income from a day job, it would reduce your
taxable amount from $80,000 to $70,000. If you don't
have W-2 income, you would be able to apply the loss
to previously filed tax returns from profitable years,
and get a guaranteed refund from the IRS within six
weeks. Not bad!
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It
eliminates the dreaded, misunderstood Wash Sale Rule.
With MTM, you don't have to be concerned about buying
and selling the same position over and over again, and
spending way too much time on your Schedule D at the
end of the year, trying to adjust your trades for wash
sales.
Wow.
If this sounds like it may be of benefit to you, you can
learn all the details in our new CD-Rom,
Trader
Status and the Mark to Market Accounting Election.
Here
is what you will learn:
-
How
do you make the Mark to Market accounting election?
-
Who
shouldn't make the election, and why not?
-
What
is Form 3115 and how do you fill it out?
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What
to do if you have a large loss carryover?
-
What
do you do if you need to change your accounting method
back?
-
How
do you report Mark to Market trades on your tax return?
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What
do you do if you are trading both futures and securities?
There
is not much to dislike about the Mark to Market Accounting
election, but there are some situations where it could
be distastrous to make the election. You need to fully
understand Mark to Market before making the election.
Special
Offer...Order Today and Get the CD and Online Presentation for Only $79.95!
The
regular price for the streaming, online version of
Trader Status
and the Mark to Market Accounting Election is $39.95.
Here
is what you will receive:
-
Printable
Manual: The presentation has been transcribed and is delivered
as a PDF file for ease of download and printing.
-
A
CD-Rom is sent within 24 hours via Priority Mail.
-
BONUS:
Personalized 30+ page Tax Action Plan from Traders Accounting.
As a purchaser of Trader Status and the Mark to Market Accounting Election,
you will receive a Tax Action Plan Questionnaire. Simply fill it out
and return it and you will receive a bound report detailing the steps
you can take to maximize your tax savings and lower your audit risks.
Your
purchase has a 100% satisfaction guarantee. If for any
reason you are not fully satisfied, we will promptly
and cheerfully refund 100% of your purchase price.
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"To
anyone who is getting involved into trading I believe
it would be a great mistake not to involve yourself
with Traders Accounting to learn all the tax principles."
-
Glenn Routen, Cleveland, OH |
What
this means to you: Every week I talk to traders
and investors who lost thousands of dollars in the grueling
bear market from 2000 to 2003. Almost every single individual
did not know about Trader Status and the Mark to Market
Accounting Election. If they had known what was possible
they could saved tens of thousands of dollars in most
situations.
Consider
Trader Status and the Mark to Market Accounting Election
as your first meaningful step towards financial independence. For that
reason, I urge you to watch this presentation as soon as possible.
To Your Prosperity,
Jim Crimmins,
President
Traders Accounting
P.S.
Trader Status and the Mark to Market Accounting
Election will teach you how to convert $15,000-$25,000
of personal expenses into deductible business expenses.
Based on an average combined federal and state tax rate
of 34%, that comes out to $5,100-8,500 in annual tax savings.
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