I am looking for a CPA with expertise in trading related issues (equities, equity options,index options, index futures) to help me qualify for trader status with the IRS and prepare my tax returns, preferably based in San Francisco Bay Area, California. Can you please recommend someone you might know? Thank you!
Im based out of Orange County and I have been using Green Trader Tax accounting services for the last 2 years. They are out of state but easy to work with. They can set you up for trader status.
Thank you nesyo03 for your prompt response. Initially I was a Green customer, but that turned out to be a not so pleasant experience. This is the reason I am trying to find a trader's CPA based in California. I like to meet people in person and build a long lasting relationship. Moreover, as you know, California is probably not the friendlier state for traders, and I would expect an experienced local trader's CPA to be more attentive to California specific issues. I am also aware of Traders Accounting, but they are also based out of California (Arizona).
You might want to try edaytradertax.com The two partners are CPA's and traders. They are based in Chicago, but if I'm not mistaken, one of the partners is based out of SoCal.
@imagining did you ever end up finding a CPA? I'm also looking for someone to help with getting setup as an active trading entity.
We've grown a lot since the post above in 2009 and our customer service is excellent. We aim to please, so try us again, thanks. CA is our biggest state market. Thanks.
Hi Imaging I hope this reply finds you well but I was just curious if you able to find a local Bay Area cap that is knowledgeable in trader tax status filing and MTM election? Thanks!