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Spot Forex for S Corp. Spot Forex for S Corp.
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Old 04-03-2006, 05:25 AM
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datamerc is on a distinguished road
Spot Forex for S Corp.
Hi - I am thinking of opening a new account to trade spot forex. Is there any tax advantage(s) or disadvantage(s) to open the account in the name of an U.S. "S" Corporation rather than an individual. Thanks!
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Old 04-03-2006, 06:33 PM
CPA, CEO Green & Company CPAs, LLC
  
Join Date: Mar 2006
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GreenTrader Tax is on a distinguished road
Entities can deliver more tax advantages for business traders. Learn more here http://www.greencompany.com/Traders/...Entities.shtml.

You don't need an entity for business deductions, but traders need an entity for AGI deductions including retirement plans and health insurance premiums.

The charachter of the income passes-through the S-Corp to the individual return. So tax treatment does not change.

We form entities for traders all the time and can help.
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Old 09-08-2008, 02:59 PM
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mike930 is an unknown quantity at this point
LLC or S Corp?
If you form a LLC and elect S Corp status, do you get the same benefits, ie avoid self employment taxes on all profits if you pay part in dividends?
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