Robert Green

Trader tax status (TTS) is the ticket to tax savings. If you qualify, you can claim some tax breaks, such as business expenses, after the fact and elect and set up other tax breaks — like Section 475 MTM accounting (tax loss insurance) and health insurance and retirement plan deductions.

Don’t wait until tax time in April; arrange tax savings before year-end. Learn about deferring income, accelerating deductions, tax-loss selling, avoiding wash sale losses, paying estimated taxes, and trader entity tax-savings strategies.

Recent years’ tax acts don’t change trader tax status (TTS), Section 475 MTM accounting, wash-sale losses on securities, or the tax treatment on financial products, including futures (Section 1256 contracts) and cryptocurrencies (intangible property), states Robert Green

Profitable traders are keen on maximizing retirement plan contributions in trading activities and also in their full-time jobs, states Robert Green of GreenTraderTax.com.

If you are eligible for trader tax status (TTS), consider setting up a trading business to maximize tax benefits. Some traders benefit from an LLC; others don’t need one.

Just when everything seemed to be returning to normal, a new strain of COVID-19 called omicron has killed the possibility of moving beyond this virus in 2022. &…

Avoid wash sale losses and the $3,000 capital loss limitation and qualify for a 20% QBI deduction.

Several cities have Trunk-or-Treats and other celebrations When the night air turns cold and a layer of frost lingers on the pumpkins in the mornings, everyone knows it will soon be time for findin…

Many traders have substantial trading gains for 2021, and they might owe 2021 estimated taxes paid to the IRS quarterly. Unlike wages, taxes aren’t withheld from trading gains. Others can wait to make tax payments until April 18, 2022, when they file their 2021 tax return or extension.

The SALT cap workaround is not automatic in most states; the owner must file an election for PTE treatment by the deadline, which varies by state. The PTE election deadline for New York State is October 15, 2021.

This was a consolidated appeal of two final written decisions in inter partes reviews.

With a long arduous journey ahead, the racers set out early morning last year in Gunnison’s Gut Check. GUNNISON—The Gunnison Gut Check and patriotic procession will fit in perfectly with the …

Greg Hurlman, Power Platform Advocate, joins us part two of our mini-series on the Power Platform and what opportunities it offers for.NET developers. In part 1, we were shown how the Power Platform o

The Sorensen Family Band will be performing Saturday night at the Spring City Bluegrass and Folk Festival, which will held Aug. 6-7 this year. SPRING CITY—This year’s Spring City Bluegrass and Folk…

A trader eligible for trader tax status can deduct business and home-office expenses and make a timely Section 475 election on securities for tax loss insurance and a potential QBI deduction. Using an S-Corp, a trader can also deduct health insurance premiums and a retirement plan contribution.

Those who have a job in addition to trading can double their retirement savings by maximizing their employer 401(k) and contributing another $58,000 to an unaffiliated TTS S-Corp Solo 401(k) or profit-sharing plan.

Isadora Rodopoulos, an engineer on the Visual Studio Debugging team, joins us to kick off a mini-series on debugging async code. Today she explains how async code works behind the scenes and provides

Traders should focus on the big picture of filing a 2020 automatic extension by the April 15, 2021 deadline. With or without sufficient payment of taxes, filing the extension avoids the late-filing penalty of 5% per month, assessed on the tax balance due. Consider a Section 475 election, too.

The massive tax bust of crypto owners has begun with the IRS mailing 10,000 letters to crypto account owners. These letters educate crypto account holders about the rules and tell taxpayers to review their tax reporting for crypto transactions to be sure they reported income correctly.

Investors may no longer deduct investment expenses, including those passed through from an investment partnership. Restructuring these expenses into a management company might achieve business expense treatment providing it’s a genuine family office with substantial staff and operations.