|
PureBytes Links
Trading Reference Links
|
Your CPA is right. You won't get a breat from the IRS and it is difficult to
prove "Trader Status", they don't give it to you just because you calim it.
You have to qualify for it. AMA
Phil Lane wrote:
> several sources on the web are telling me it's not necessary to pay
> self-employment tax if you declare Trader status. Especially if you order
> the book. Sounds great, but the cpa says not really, since it's "ordinary"
> income (just like you get with a real job <g>).
>
> wahhhhh??? (tm goh.com) or what?
|