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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: kaz who wrote (1719)	1/2/1999 11:33:00 PM
From: Colin Cody	Respond to of 5810

Don't short change AA. They may have, I'd say they LIKELY have, the expertise on board. But if your cousin isn't in one of the BIG CITY offices, then she might need to seek it out. AA may even have a white paper on the trader status issues. Otherwise, mosts CPAs, like myself, obtain new clients by referrals. So the first step would be to ask your friends or associates WHO THEY USE. Getting an EA, CPA or Tax Attorney (assuming your return warrants this of course) in your home state is best because you can visit the office and talk face to face when you have the need to. Keep in mind CPAs and Attorneys can get expensive, and your return really should be large enough to make that cost and effort worthwhile. I'm beginning to think it doesn't much matter what we put down on a return, it's always going to be wrong by someone's interpretation. Right you are! Clearly trader status is more ART than being "RIGHT or WRONG" That's why, IMO, a qualified tax advisor is "a must." The return can always "be wrong", it's how you defend your position that counts! (g) Colin, in CT