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To: Don Green who wrote (1265)	11/30/1997 2:14:00 PM
From: spinynorman1323	Read Replies (1) \| Respond to of 12617

Don, For some ideas on incorporating as a trader, the following (albeit fairly inactive) thread has some very informative posts. It seems the question is still open regarding whether filing as a full time trader will cause the IRS to look your way. (maybe less of a chance since Congress spanked their collective pee-pees) Check post #40 which had a particularly in-depth discussion of the merits. It is worth going through all 82 posts, IMO. exchange2000.com Mark

To: Don Green who wrote (1265)	11/30/1997 2:21:00 PM
From: Rick Ramirez	Respond to of 12617

Donald: Read irby's reply #1255 for a good suggestions I'm taking...

To: Don Green who wrote (1265)	11/30/1997 4:13:00 PM
From: steve goldman	Respond to of 12617

I have a number of customers that have had problems with the IRS because the IRS did not consider them professional traders and thus they could not take a write-off of certain expenses. These were active accounts, 200 trades per year but nothing exceptional. Incorporating might remedy this but then you face legal expenses and if you don't do an Scorp, you have double taxes, on the corp and then you k1 allocation. Regardless, you will have to take a salary not just a dividend, or other means of distributing gains, so you will have payroll liabilities, (ss, medicare, disability etc). I don't think you need to go to the extremes of incorporating but you do need to show a committment to trading as a profession. Second phone lines, computers, and most, activity. Speak to your accountant. regards, Steve@yamner.com