|
PureBytes Links
Trading Reference Links
|
Gary,
I'm talking about more creative ideas than trading profits tax
rates.. I'm not suggesting you change accountants, just
call Jim Crimmins and discuss options with him.
If you're not dealing with someone who specializes in
accounting for traders, who knows what you're missing..
I use different tax strategies, since I'm not American, but
the seminar I was at last weekend was very interesting.
There are ways to defer hundreds of thousands of
taxable income, and the cost is less than a thousand dollars..
Yes, it involves some paperwork.. But America, as well as
the UK, really has two tax levels.. One for the ignorant
or lazy, and another for those who make an effort. I'm
suggesting only legal permissible strategies, no amount
of tax saving is worth the loss of your freedom.
-Neal.
At 01:22 PM 12/8/00 -0700, Gary Fritz wrote:
> > The problem below is not unusual. There are professionals
> > who have studied the solutions. Most CPA's will not
> > realize the opportunities that are available for reducing taxes
> > on trading income. Actually most CPA's will highly discourage
> > anything that is not plain and simple..
>
>True. But our CPA is really a very sharp fellow and has taken very
>good care of us for 10 years. I'm his first full-time trader so he
>hasn't learned all the tricks yet but he knows most of the tax code
>inside-out. He isn't afraid to suggest "creative" solutions, and
>we've implemented several over the years. I'm certain he wouldn't
>miss something as obvious as trading profits tax rates, unless he
>just made a slip of the keyboard.
>
>Now that I have a better idea what it *should* be, I'll check back
>with him to see if he made a goof or if I misunderstood something.
>Thanks!
>
>Gary
>
>
>
>To unsubscribe from this group, send an email to:
>realtraders-unsubscribe@xxxxxxxxxxx
-------------------------- eGroups Sponsor -------------------------~-~>
eLerts
It's Easy. It's Fun. Best of All, it's Free!
http://click.egroups.com/1/9699/0/_/152424/_/976310473/
---------------------------------------------------------------------_->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxx
|