International Tax

U.S. citizens and/or residents (green card holders or physically present in the US) owe taxes on worldwide income.

You must report your forex trading gains or losses on your US and state income tax returns, whether your forex broker is located in Switzerland or in the US.

I like to say Isle of Jersey (a tax haven off the coast of England) or New Jersey, it makes no difference.

Read my article on Global Tax for Traders here http://www.greencompany.com/Educatio...lTraderTax.pdf.

Forex is for the most part an unregulated market. But US FCMs (brokers) are highly regulated. Consider that some offshore FCMs may not be regulated in the US and that can matter if you have deposit or other problems.

Thanks.

Thanks.