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Have you ever met Ted? I have. He is trying to sell books and arouse interest
to expand his accounting business (which is in Fla., N.Y., and soon Marina Del
Rey, Ca.). Atleast, that is what he told me. I am not saying the information
he is giving out is incorrect. However, it is not applicable to the majority
of poeple in our business. Oh, by the way, psst! -- he doesn't trade!! AMA
William Brower wrote:
> 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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