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Ted Tesser has made it clear that it's not necessary to pay self-employment
tax if you qualify for Trader status. Ted has detailed the requirements in
his book .
At 09:58 AM 3/29/99 -0800, you 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?
>
>
William Brower
Publisher of TS Express
Email: 1000mileman@xxxxxxxxxxxxxx
Web: http://www.insideedgesystems.com
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