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Trader tax status (business treatment) for forex traders
Like securities and futures traders, forex traders can qualify for trader tax status - business treatment. You can still claim business treatment on your 2005 tax returns.
Trader tax status unlocks ordinary business tax deductions including home office, education, computers and much more. If you don't qualify for trader tax status, you are stuck with limited investment expenses, which don't allow home office, education and other items. Plus with investment expenses, you often get hit with AMT tax and many haircuts apply. Business traders save lots more in taxes. We are giving a free conference call class today on trader tax status and trader tax benefits. Although these sessions are free, informal and mostly comprised of questions and answers, they are valuable. Next call: Thursday, March 16th, 4:15 - 5:15 p.m. ET Dial: (605) 990-0110, access code 252-016-728 Topic: Save money on taxes, keep the IRS off your back and learn how to form your own trading company, hedge fund, or money-management business. Power Point Presentation (pdf version) http://www.greencompany.com/Educatio...ucation201.pdf Host: Robert A. Green, CPA and CEO of the GreenTrader companies. Support: If you need help, call our customer service line at (877) 662-2014 (toll free) or (646) 216-8061, or e-mail us at conferences@greencompany.com. Simultaneous Chat: The chat session is optional and it's for texting in questions to our Conference Call. Learn more here http://www.greencompany.com/Educatio...Meetings.shtml
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Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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