Tax Prep Services for Traders in Arizona

Stocks and Taxes: Here’s What You Need to Know

Tax season can get confusing when your assets are distributed in multiple different places. The taxes you pay on stocks you hold will depend on how your shares are structured and what you do with them. If you’re already an active or day trader, you may be considering the benefits of long-term stock investment.

Make sure as you go through your research that you’re educating yourself with the essential information you need to know when it comes to stock taxation!

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Tax Preparation Service for Traders

Four Tax Deductions for Traders

Working as a day trader can be a challenge. Making quick moves in a constantly fluctuating stock market that result in consistent profit is a job that takes time, skill, and resources to master.

Fortunately, when tax season rolls around, many of the expenses required to keep up with the industry translate into write-offs. In fact, any costs defined as ordinary and necessary to collecting and managing your income can be deducted. If you keep a detailed list of your business expenditures throughout the year, your tax preparation expert will be able to help you determine what qualifies as a deduction. Read more

New Tax Changes

2018 Tax Changes

When you file your 2018 taxes at the top of next year, you’re sure to notice some new elements as a result of the changes made to the tax laws in 2017. There were major tax reforms that were passed by Congress, and they could impact the taxes you owe or the refund you get back when tax time rolls around again.

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Tax Planning Strategies to Use This Year

Looking to save money on your taxes this year? It’s never too early to start planning ahead using these proven tax planning strategies.

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