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Re: trader status question



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Yes I know Ted personally. You should get your facts right before you make a
statement. Ted does trade.

At 11:24 PM 3/29/99 -0800, you wrote:
>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
>
>
>
>

William Brower
Publisher of TS Express 
Email: 1000mileman@xxxxxxxxxxxxxx
Web: http://www.insideedgesystems.com