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 3: Q&A
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
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
ABOUT STEVE RIBBLE
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.
Download Our Free eBook
And subscribe to our MarketHeist Guides newsletter!