We had a fantastic turnout back in December for Steve Ribble's "Trader Taxation" webcast we co-hosted with Hamzei Analytics. Due to the amount of interest and questions Steve received last time, we've decided to sneak in another webcast with Steve JUST IN TIME FOR TAX SEASON! Figure out what things you can take advantage of on your tax forms through your trading and any expenses spent related to trading, including trading chatrooms and investment advisory newsletter subscriptions, computer equipment, seminars and more. More importantly, find out how you can turn your trading into a business, or Trader Entities, so you can ask your accountant to set it up right away for 2011. We're already 3 months into 2011 and you may be missing out on tax advantages and tax writeoffs by setting up a trader entity.
When: Wednesday March 9, 2011. 7pm EST
We will be covering how to qualify for trader tax status & mark to market accounting (quick reviews of both of those topics)
- Choosing the right entity for your trading business
- The pros and cons of sole proprietors, LLCs, Partnerships, S corps, and C corps
- Home office deductions & accountable plans
- Self employment taxes
- Why you should incorporate your trading business
We'd like to give a big thanks to Hamzei Analytics for providing the hosting platform for this event! Steve is an active member of HamzeiAnalytics' High Frequency Trading Chatroom. Hamzei Analytics is in its twelfth year of operations and serves both the professional and institutional traders, while providing custom proprietary analytics to a select group of hedge fund managers.
Check out Steve Ribble's "Trader Tax Status" Webcast we did in December as part of our Trader and Investor Public Service.
Steve Ribble Bio
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.
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