There are two things that are easily controllable with your trading: commissions and tax structure.
I'm not an expert in all the tax stuff, so I started actively looking for firms that specialize in active traders. That's when I started talking to Jim Crimmins, the founder of Traders Accounting. His firm specializes in tax issues for active traders.
I got very interested... I have a feeling that my current patchwork of LLC's and personal accounts isn't the best solution for me.
But instead of a private consult, I thought it would be cool if he could talk to my audience as well, because many readers and members have asked about this topic.
This Thursday, I'll be hosting a webinar with Jim on slashing your tax burden as a trader.
Webinar: Increasing Cash Flow-- Creating a Tax Efficient Trading Plan to Boost Your Profits
Thursday, November 1st, 2012 The webinar is now recorded, you can access it using the link below.
Time: 7:00 PM, EST
The presenter is Jim Crimmins. He is the founder of Trader's Accounting, a firm specializing in taxes for active traders.
What Jim Will Be Covering:
- Trading as a Sole Proprietor
- Why You Would Want a Business Entity for Your Trading
- IRS "special rules" around "Trader Status"
- One key Tax Court case that affects how we are treated by the IRS
- The Best way to trade in a retirement account
I hope you're looking forward to this as much as I am!