USA Federal tax law allows a deduction for many items such as you partially described. Depending on the facts and circumstances the party who saw...
A corporation, by definition, is a professional subscriber. So if you want to get quote information in the name of the corporation, then you may...
Yes, just as you surmized, $21.40 per share is the tax basis for those shares. When you exercise the cost of the option is added to the exercise...
Yes, if that's how you set it up, they do...
Closing an entity is not all that difficult, but yes, if you fail to take the proper steps to end the entity's trading/business activity the IRS...
The IRS is already ahead of you. In 1983 there was a landmark tax court case that prohibits losses on one leg of a no-risk hedging transaction....
You have it almost right... The $13,000 401K + $27,000 profit sharing = $40,000 total. Not a $53,000 total. Using the LLC taxed as a...
The Section 31 fee rate applicable to securities transactions on the exchanges and Nasdaq changes every April 1st. There is also an interm...
In your example - the tax would be 15% of $10,000. Leaving the LLC with $8,500 + the original $50,000 for a total on hand of $58,500.
An LLC's income can be taxed many different ways. Some LLCs pay the taxes themselves, most LLCs pass the tax attributes out to the owners to be...
sempergumby, Actually I didn't suggest an s-corp, I used it as "an example" only. I discuss the answers to your questions at...
You could certainly form a trading entity (for example, an s-corp) to better achieve trader status, but generally it is best to avoid a c-corp as...
Limited Partnerships are used for a different type of asset protection and more for estate planning than s-corporations. One type of entity...
Bren, CA charges $800 or more in tax (on top of other fees) for LLC and corporations, whereas a general partnership saves these costs. Since...
for a clear :p explanation of Sec 179 ......
Before you cause a real mess for yourself ...the Sec 179 deduction has nothing to do with earned income. Consider if perhaps taking a partial...
a google search for "separate trading entity for the following reasons" with or without the quotes will give you a list of advangtages of using a...
TexTrader, Capital gains and capital losses are netted against each other, so unless you elected mark-to-market under §475 for securities and/or...
Many traders have 401K/Profit Sharing plans and yes, they sock away $13,000 or more up to $41,000 a year. Search Google for the string "My...
Wouldn't an IBC owned solely by an USA citizen, resident individual be subject to IRS taxes? IRS Form 8621 and others? The 401K/Profit...
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