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RTs:
Because "trader status" was a topic of recent e-mails, I am forwarding to
you an e-mail I received from the www.greencompany.com , a website
referenced by another RT in a recent e-mail.
I have no affiliation or ties to the company, but thought that the topic is
of sufficient interest that this post may be a possible resource for some.
regards,
Jeff Stewart
Atlanta, Georgia
-----Original Message-----
From: Trader Tax Matters <rgreen@xxxxxxxxxxxxxxxx>
To: Trader Tax Matters <TraderTaxes@xxxxxxxxxxx>
Date: Wednesday, February 24, 1999 6:11 PM
Subject: Brand New - "1998 Trader Tax Guide & Questionnaire" & "1998 Trader
Tax Return Examples Guide"
>Trader Tax Matters - http://www.greencompany.com
>
>Hot off the press! - we just published our "1998 Trader Tax Guide &
>Questionnaire" (c) & "1998 Trader Tax Return Examples Guide" (c). Includes
>1999 and 1998 Elections for mark-to-market treatment. Don't miss the April
>15, 1999 deadline for 1999 elections.
>
>For more information on our 1998 Trader Tax Guides, please visit our Web
>site http://www.greencompany.com . These new 1998 Guides are featured on
>our home page. In our "Traders" section, you can read about the Guides. In
>our "Trader Tax Guide" section you may purchase the Guides individually or
>in a combined set for a special price. You may choose either our
>Electronic Versions ("pdf" file delivery) or a Print Versions by Priority
>Mail.
>
>Most of the members of our Trader Tax Matters emailing list previously
>purchased our "Trader Tax Guide & Questionnaire." We offer a lower
>"upgrade price" if you purchased our last Trader Tax Guide after October
>15, 1998, the last date to file 1997 tax returns. If you just purchased
>our Trader Tax Guide after February 1, 1999, we offer a "special upgrade
>price" of $7.95. The upgrade prices apply to the "1998 Trader Tax Guide &
>Questionnaire", not to the brand new "1998 Trader Tax Return Examples
>Guide."
>
>Our new 1998 Trader Tax Guides are the only up-to-date Guides available on
>the market based on IRS regulations and procedures published in 1999.
>These new regulations are specifically about Traders and they include
>important rules about elections and tax treatment. We analyzed all the new
>rules and give you the best reporting strategies for your 1998 Trader Tax
>Returns. The recent new proposed tax regulations show that our 1997 Trader
>Tax Guide was correct.
>
>Special Alert - If you elect the beneficial "mark-to-market accounting
>treatment" for tax year 1999, you must make a proper and valid election by
>April 15, 1999. If you want to elect mark-to-market treatment for 1998,
>you can still do so. Our Guides show you exactly how to timely file all
>the proper elections.
>
>Our "1998 Trader Tax Return Examples Guide" (c) is for 1998 Trader income
>tax returns filed in 1999. It includes line-by-line explanation, filled-in
>schedules, footnotes and elections, information on how to calculate your
>trading gains and losses and 8 example
>Trader tax returns. Any Trader who is preparing their own tax returns must
>have this Guide.
>
>Most accountants do not know these rules let alone all of our tax
>strategies. You may want to show our Guides to your accountant. If you
>need a new accountant, we are more than happy to welcome you aboard to our
>growing rank of Trader Tax Preparation clients. We have excellent
>references from Traders all around the country.
>
>If you just need to review your tax file and make sure you are utilizing
>our 1998 Guides correctly, we invite you to purchase our "Trader Tax
>Solution Package", a one-hour consultation.
>
>With the help of our Guides, Traders who incurred trading losses in 1998
>may get tax refunds for up to 50% of their trading losses. This requires
>that you file a "proper" & "timely" election for "mark-to-market
>treatment" and that you properly account for Trader tax status on your tax
>return. Any mistakes and you lose the refund opportunity.
>
>With mark-to-market treatment all your net trading losses are treated as
>"ordinary losses" deductible on your Schedule C, rather than being treated
>as "capital losses" limited to a deduction of $3,000 per year.
>
>With the help of our Guides, Traders with trading gains for 1998 can save
>significant taxes by avoiding "wash sale rules", segregating investments
>for "long-term capital gain" tax rate relief, not paying self-employment
>taxes, and deducting year-end "unrealized losses."
>
>Whether you have trading gains or losses in 1998, we guarantee that your
>tax savings from our ideas will save your far more than the cost of our
>Trader Tax Guides or Services.
>
>We look forward to your purchase of our 1998 Guides.
>
>Thank you for being a valued customer of Green & Company, Inc.
>
>Sincerely,
>Green & Company, Inc.
>
>Robert A. Green, CPA
>Guide Author & President
>Rgreen@xxxxxxxxxxxxxxxx
>Taxguides@xxxxxxxxxxxxxxxx
>
>
>______________________________________________________________________
>To unsubscribe, write to TraderTaxes-unsubscribe@xxxxxxxxxxx
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>
>
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