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Like securities and futures traders, forex traders can qualify for trader tax status - business treatment. You can still claim business treatment on your 2005 tax returns.
Trader tax status unlocks ordinary business tax deductions including home office, education, computers and much more. If you don't qualify for trader tax status, you are stuck with limited investment expenses, which don't allow home office, education and other items. Plus with investment expenses, you often get hit with AMT tax and many haircuts apply. Business traders save lots more in taxes. We are giving a free conference call class today on trader tax status and trader tax benefits. Although these sessions are free, informal and mostly comprised of questions and answers, they are valuable. Next call: Thursday, March 16th, 4:15 - 5:15 p.m. ET Dial: (605) 990-0110, access code 252-016-728 Topic: Save money on taxes, keep the IRS off your back and learn how to form your own trading company, hedge fund, or money-management business. Power Point Presentation (pdf version) http://www.greencompany.com/Educatio...ucation201.pdf Host: Robert A. Green, CPA and CEO of the GreenTrader companies. Support: If you need help, call our customer service line at (877) 662-2014 (toll free) or (646) 216-8061, or e-mail us at conferences@greencompany.com. Simultaneous Chat: The chat session is optional and it's for texting in questions to our Conference Call. Learn more here http://www.greencompany.com/Educatio...Meetings.shtml |
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