I am having a hard time finding a CPA to handle the required IRS paperwork. None of the CPA's I have called, at least 30, seem to know what to do. I would like a CPA either in Bakersfield, California or in the west Los Angeles County area. Does anyone know a CPA who knows how to do this paperwork?
At least one required form to fill out is IRS form 3115 for the "Mark to Market" election to avoid the IRS "Wash Sale" rule. Also, I need to ask the CPA questions such as the required number of trades per year to qualify as a "Business Trader" with the IRS. I understand this number is at least 3,000. However, I would like it to be less.
Any referred CPA must be at least listed in the online Yellow Pages or Yelp. He must have a valid CPA license to practice in California.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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The following user says Thank You to Big Mike for this post:
I would strongly recommend Green Trader Tax. They've been doing my tax's for six years. They will know the answer to all your questions and issues including mark-to-market elections, LLCs etc etc. Their founder Robert Green is featured often in Futures Magazine, Forbes and other top publications. While they are not in CA they do everything online - I've never met my CPA in person. They also have a massive amount of information available on the website.