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The Tax Thread
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Created: by Big Mike Attachments:3

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The Tax Thread

  #211 (permalink)
Elite Member
Raleigh, NC USA
 
Futures Experience: Intermediate
Platform: TradeStation
Favorite Futures: Stocks
 
Posts: 6 since Mar 2015
Thanks: 3 given, 1 received

Experience w/ Anderson Advisors?

Anyone have experience with Anderson Advisors (Clint Coons) that can comment on their experience?

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  #212 (permalink)
Trading Apprentice
Galveston
 
Futures Experience: Beginner
Platform: Infinity Futures
Favorite Futures: ES
 
Posts: 7 since Oct 2016
Thanks: 2 given, 10 received

LLC

Hello,

I have an old LLC that I stopped filing taxes for since I wasn't using it in the past but thought it could come into play for trading. Is it beneficial to put your income from trading in a LLC instead of just filing it with your regular taxes?

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  #213 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,168 since Jun 2009
Thanks: 29,280 given, 82,799 received


Hi guys,

It is my pleasure to welcome Ryan Curran from Curran Unger LLP on Thursday, February 9th @ 4:30PM Eastern US.

The topic for this webinar is "Tax Topics for Traders", and bullet points include:

- Making the Mark to Market Election - Mechanics, Issues, and Implications
- Trader Tax Status - Tax Benefits of Qualifying as a Professional Trader
- How to Qualify for Trader Tax Status - Specifics and Possible Pitfalls
- Q&A for members

Register for the event:
https://on.futures.io/4hzbq

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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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)
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  #214 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,168 since Jun 2009
Thanks: 29,280 given, 82,799 received

Webinar recording:



Mike

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.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #215 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,168 since Jun 2009
Thanks: 29,280 given, 82,799 received

What did everyone think of the webinar?

Mike

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.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #216 (permalink)
Elite Member
East Coast, Florida
 
Futures Experience: Intermediate
Platform: IRT/S5
Favorite Futures: ES
 
New Level's Avatar
 
Posts: 53 since Feb 2014
Thanks: 3,292 given, 77 received

Great webinar, always a pleasure to listen to someone who really knows what they are talking about.

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The following user says Thank You to New Level for this post:
 
  #217 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,051 since Dec 2013
Thanks: 1,702 given, 3,228 received
Forum Reputation: Legendary

Agree. Thought it was a very knowledgeable webinar.

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The following user says Thank You to SMCJB for this post:
 
  #218 (permalink)
Patience my young padawan
Houston, TX/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader TWS Barchart
Broker/Data: IB / IB
Favorite Futures: ES & looking into commodities
 
ElChacal's Avatar
 
Posts: 314 since Nov 2014
Thanks: 386 given, 185 received


SMCJB View Post
+1 for GreenTraderTax.
I'm a very happy client.
Their knowledge of trading related tax matters is excellent (and their specialty).

Do you still use them? I am out of the US and last year the new H&R Block "Block advisors" charged me insane fees.
If you could help me with an email contact (internal message). I would appreciate it.

Thanks!

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  #219 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,051 since Dec 2013
Thanks: 1,702 given, 3,228 received
Forum Reputation: Legendary


ElChacal View Post
Do you still use them? I am out of the US and last year the new H&R Block "Block advisors" charged me insane fees.
If you could help me with an email contact (internal message). I would appreciate it.

Thanks!

Yes & Contact Sent

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The following user says Thank You to SMCJB for this post:
 
  #220 (permalink)
Trading Apprentice
Yerevan, Armenia
 
Futures Experience: Beginner
Platform: MetaTrader
Favorite Futures: have no idea, i'm a novice
 
Tinwoodman's Avatar
 
Posts: 12 since Aug 2017
Thanks: 12 given, 2 received


Hey guys

Can anyone help me with question on taxation?

I'm a citizen of Republic of Armenia, if I open trading account in US or UK based company which taxes I have to pay?

And is there difference if I trade stocks, futures, options or Forex?

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