There are several requirements depending... #1 NV (and most all States) requires a registered representative who is based in NV. So if you...
I find this unbelievable. Is it possible that what is meant here is that one felony conviction will inhibit you from obtaining a Series 7, for...
Just like anything worth while those who put their nose to the grindstone and work at it, have the right personality, and a bit of good fortune...
A partnership comprised of a married couple has many of the same tax attributes as does an s-corporation or an LLC. Each entity type has various...
An LLC not taxed as a c-corp is your asset and your income. The actual cash distributions have little if anything to do with asset or income....
The $3,000 is the net capital loss deductible each year. That's net after netting all capital gains and losses for the year, and net against any...
Why is this a foreign entity? Is it foreign to both yourself as the founder and also to the investors as well? It might be helpful to know what...
You might be okay with two sole proprietorships. Or not... depending on all the facts and circumstances and depending on what side of the bed the...
Not paying one's fair share can result in going to prison, and you don't use accountants to do that. otherwise the accountant goes to prison with...
Absolutely, this is not for someone without a huge stash of money to begin with, or someone knowing they'll have significant assets to protect in...
I came across these paragraphs today and remembered our discussions here. I believe that they are well written and informative. Here they are...
There are basically three issues that are being kicked around here in one way or another: 1) prohibited transactions, self-dealing with the...
People use these boutique firms so they can invest in things a broker like IB will not allow you to do. For example a Private Placement, Oil...
Feeling good that for 2 years the IRS has not audited you, while yes it is a GOOD feeling, doesn't mean that the IRS has formulated any opinion on...
Yes, you appear to be mistaken. Most importantly, Sec 475 trader M2M is not elected by means of sending a letter to IRS. Recent published...
Mark2m, I believe that you have mentioned several misconceptions of the Commodities Sec 475 M2M election: how to make it, when to make it, what...
One basic example: Taxpayer has no capital loss carryforward from 2005 into 2006. He qualifies for trader status. He gets a huge severence bonus...
"Legitimate" being the key word. Generally (for what I presume is the typical reader here) there are far and few between "legitimate" offshore...
Actually the rules are a bit different... Yes, the $80,000 exclusion is for US citizens residing in a foreign country for 330+ days per year BUT...
Of interest to me would be a discussion by people who have hyper-traded their straight, directly owned IRA brokerage account, and how they faced...
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