need help doing my taxes (1st year MTM)

Discussion in 'Taxes and Accounting' started by dumbgai, Feb 10, 2009.

  1. dumbgai

    dumbgai

    I plan to do the taxes by myself as a MTM trader. This is my 1st year and I have a few specific questions. Anyone has a good recommendation for a service that understands traders taxes?
     
  2. Bob Green is the best regarded, but he's not cheap. http://greencompany.com. Used him to set up an LLC, but then did my taxes on my own using his book as a guide.
     
  3. dumbgai

    dumbgai

    Did you use his sample tax returns? Does it have any individual MTM trader tax returns?
     
  4. Did you elect to use MTM last year prior to April? I think you needed to in order to do this.
     
  5. dumbgai

    dumbgai

    yeah reported as a trader last year and asked for an election starting this year, no prob with that. i'm unfamiliar with some finer details of the MTM process.
     
  6. How/when/where can I file mtm for next year?
     
  7. Green has a lot of this information posted on his website. He also has a forum where you can ask him questions. You can also find a lot of this information via google, but you need to get off your butt and find it, it's not going to come to you :p