Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Robert A. Green, CPA who wrote (427)	7/17/1998 8:50:00 AM
From: WallStBum	Read Replies (1) \| Respond to of 1383

Am I missing something? Wouldn't you only elect mark-to-market if you plan on losing money year after year? You don't get to treat your losses as ordinary and your gains as capital gain, do you? So then why do it? Thinking about it now, I'm thinking that a trader would have no substantial l-t cap gain anyways, and that most all gains would be s-t cap gains and thus ordinary tax rates would apply anyways. Okay, I think I answered for myself. (gg) dax

To: Robert A. Green, CPA who wrote (427)	8/1/1998 6:10:00 PM
From: Robert A. Green, CPA	Read Replies (1) \| Respond to of 1383

Questionnaire - Do you qualify for Trader Tax benefits "I'd be interested to know what you say about the distinction, but I'm not $75 worth of curious!" As a matter of fact, just yesterday we lowered the price to $19 each for our new Edition 6 Trader Tax Guide and Questionnaire/Evaluation Form for determining if you qualify as a Trader in Securities. greencompany.com Both are updated after the '98 and '97 Tax Tax Acts. The guide includes details about the mark-to-market provisions, change of accounting method adjustments required in the year of change, tax forms guidance, tax law (IRC Code, CCH and RIA), court cases, our opinions, strategies (from our year's of experience preparing and defending tax returns to the IRS),and tons more. The Questionnaire is very detailed, it has 39 questions in 10 pages. First we explain the tax law in simple english, give the background and then frame the questions around the law. It makes it easy to fill out but it is comprehensive. We even now offer a "Traders Tax Solution Package" that comes with our Trader Tax Guide, Interactive Questionnaire & Evaluation Forms, plus one hour of our consultation time. With this package, we give Traders our findings to their Questionnaire form input, tax advice, and strategy in connection with their trader tax status. Traders get our Guide and Questionnaire for free, plus a discount on our already lower Internet billing rates. greencompany.com