Question to Ative Traders about taxes

Discussion in 'Taxes and Accounting' started by in4some, Dec 15, 2008.

  1. in4some


    last year I made little over 18,000 trades and paid my CPA $3,300. in this year, I made 22,100 trades so far. I guess my CPA will ask $3700 or so for this year.
    is this normal cost of the service? I feel like it's overpriced cuz I think my tax report is pretty simple. nothing really complicated issue at all.

    I like to hear how other active traders do thier taxes and how much they pay for the services.
  2. Surdo


    That is insane!

    A competent CPA should not charge you more than $500 for a simple return, a few bucks more if you have property, K1's...etc.

    It's NOT an accountant's job to post trades on a schedule D.

    If you are doing 18,000 trades a year, you need to invest in software and import your trades to a spread sheet.

    I hope your CPA has a big pair of boobs for that price .
  3. My friends own Prop Trading company, and he says he only spend $1500 for such services.
  4. sia


  5. in4some


    thanks guys, I guess I pay too much then.
    I will look into both Tradeaccountant and Simply Track.