Trader Public Service: What is Trader Tax Status with Steve Ribble

MarketHEIST and Hamzei Analytics presented this live trader public service event on December 8, 2010. Steve Ribble, tax expert, futures trader and Former Regional Vice President Deutsche Bank Asset Management, explains the various benefits of obtaining a "Trader Tax Status" with the IRS. Steve also explains the how to obtain a "Trader Tax Status," additional benefits with forming a business entity for your trading business, and how to segregate your trading and investing accounts for your trading business tax.


Part 1

Part 2

Part 3: Q&A

PRESENTATION SLIDES
Trader Tax Status with Steve Ribble (ShrinkMyTaxes.com) Presentation Slides

Trader Tax Status Questionaire
Trader Tax Status with Steve Ribble (ShrinkMyTaxes.com) Trader Tax Questionaire

Description

Whether you are a day trader or swing trader, qualifying for trader tax status can help you save thousands of dollars in taxes every year. In this presentation, tax expert and trader Steve Ribble will show you what the IRS looks for in qualifying for trader tax status, why you should elect trader tax status, and the benefits of electing mark to market accounting. Steve will also discuss some Frequently Asked Questions (FAQ) about trader taxation. Stock, Futures/Commodity, and Forex traders should not miss this!

Topics Steve will cover:

Investor vs Trader
How To Qualify As A Trader
Benefits of Trader Taxation
Sample Possible Deductions for Traders
Mark to Market Accounting
Electing M2M

ABOUT STEVE RIBBLE

Website: Shrink My Taxes
Twitter: @ShrinkMyTaxes

Steve Ribble has been involved with the securities markets since 1991 in various capacities. He was VP at Principal Financial Securities 1995 to 1998 and Regional Vice President Deutsche Bank Asset Management 1998 to 2008. Steve started doing taxes about 10 yrs ago while still at Deutsche Bank. He started Shrink My Taxes to focus on proactive tax planning and tax services. Trader tax issues were a natural combination of his 2 passions. Steve has 4 full time tax professionals with over 70 years of combined tax experience working with him, currently serving over 2000 clients. In his free time (away from taxes and the markets) he coaches his son's U-12 soccer team and study Wing Chun Kung Fu.

Intermediate 0 Users Collected

Post Topics

Post Details

Download Our Free eBook

25 Stock Market Indicators To Know

And subscribe to our MarketHeist Guides newsletter!

Free Brokers, Software, & Tools to Start.

Start with Brokers that have free accounts and professional grade software. Software that's the same whether you're practicing with fake money or trading real money.

Submit a Service

Profile Photo

TD Ameritrade Online Broker

With free thinkorswim, Trade Architect, & mobile software. Practice with virtual money. Invest and trade in stocks, ETFs, mutual funds, bonds, options, futures, and forex. No minimum and no maintenance fees. $0 to start.

☆ Collect Launch

Profile Photo

tradeMONSTER Online Broker

Free browser & mobile software. Easy to use technology including strategySeek and paperTRADE. Invest and trade in stocks, ETFs, mutual funds, bonds, and options. No minimum and no maintenance fees. $0 to start.

☆ Collect Launch

Profile Photo

optionsXpress Online Broker

optionsXpress offers an innovative suite of online brokerage services for investor education, strategy evaluation and trade execution. No minimum requirements.

☆ Collect Launch

Learn The Business. Take A Course.

What is the market and how it works
Finding Opportunities (with Technical Analysis & Fundamental Analysis)
Planning & Safety (with strategies to make smart decisions.)
Plan Execution: Buying & Selling

Submit a Service

Learn Stocks

Profile Photo

Investools Investing Foundations Program

Get trained in the foundations of the stock market and stock trading with two courses, a wealth of easy-to-use tools, and top-tier coaching support, in the program that helps you start managing your own portfolio. In the Investing Foundation Program, you’ll enjoy live and online workshops that can help you quickly overcome fears and learn […]

☆ Collect Launch

Learn Options

Profile Photo

OptionsAnimal Apprentice Options Education Program

Description Build your knowledge from the ground up. Understand key concepts and learn the basic spread trades that will give you a foundation to trade successfully. Learn how to properly structure a trade using the Protective Put, Covered Call, Collar Trade as well as applying the Straddle/Strangle. Trade Adjustment Spread Trades OptionsAnimal Trader Professional Program […]

☆ Collect Launch

Learn Futures

Profile Photo

OpenTrader Professional Training Program

The industry’s only training program built by professional full-time traders. You used to have to get hired by a professional trading firm to get world-class training. Not anymore. If you’ve been a losing trader, getting beaten down by the market again and again, low on confidence and full of doubt, things are about to change […]

☆ Collect Launch

On-The-Job Training. Earn While Learning.

Follow Live Trades, Step By Step
Detailed Trade and Market Analysis
Explanations of Strategies and Tactics
Questions Answered in Webcasts & Chatrooms
Learn by Copying The Pros At Every Step

Submit a Service

Learn Stocks

Profile Photo

Mish’s Market Minute Premium Stock Picks Video Subscription

Live-in-the-market instruction showing you how to trade in the afternoon the choice stock and ETF picks vetted by MarketGauge’s tools earlier in the day. Video up to 15 minutes: 4 times a week (M/T/W/Th) by 1:30PM ET $124.97/month Includes ETF Monitor & Nuggets List Private real-time Twitter Alerts 2 week FREE trial Learn as Mish: […]

☆ Collect Launch

Learn Options

Profile Photo

stockguy22 Live Trading & Education for Part Time Traders

What You’ll Get Learn stocks and options trading at your own pace from a group of full time traders dedicated to teaching through live trading, education, and mentoring.  See how trading is done methodologically as an occupation on a daily basis, from beginning to end.  Start with the daily in-depth analysis of stocks, the overall […]

☆ Collect Launch

Learn Futures

Profile Photo

Emini Wizard Trading System & Live Trading Chat Room

Thanks for considering The Emini Wizard System: This system is available for purchase for people who want to make a one time investment for the entire program. You get: Access to the Member’s website Spreadsheets Common plays Special plays Trade logic explained Chart patterns Chart settings we prefer Separate active chat area (30 days free […]

☆ Collect Launch

Some Partners We've Worked With

  • Download Our Free eBook

    25 Stock Market Indicators To Know

    And subscribe to our MarketHeist Guides newsletter!