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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: TonyAylward who wrote (1180)	6/5/2000 8:34:00 AM
From: Colin Cody	Respond to of 1383

Tony, IMO, based on the organizational set-up you've described & depending on what you want to do, you may bypass SECA self employment tax, OR you may incur the tax. EITHER way you need to fully document your procedures used to qualify for the way you want to go and be prepared to defend the position under audit. IMO, your full-time work elsewhere has little to do with SECA income from the LLC, but it might effect the overall trader status classification to some extent. Colin Cody, CPA traderstatus.com