Taxes-any Friendly Advice?

Discussion in 'Taxes and Accounting' started by uptick, Oct 2, 2001.

  1. uptick

    uptick

    HELLO FOLKS, FIRST YEAR DAYTRADING AND LOOKING FOR WAYS TO MAKE TAX TIME EASY. ANYBODY KNOW WEBSITES- PROGRAMS- ACCOUNTANTS THAT SPECIALIZE IN DAYTRADING? ANY HELP IS MUCH APPRECIATED. THANKS ALOT
     
  2. I have a similar request. I know there is a lot of information scattered about on tax record keeping, etc. What I am wondering is whether or not any clearing firm furnishes a tax-ready report, ie. one you can just print out and attach to your sched D if you are doing your taxes by hand and not using quicken? I am not sure how things like s/w rebates or commission rebates are handled.
     
  3. vikana

    vikana Moderator

    Many CPA's take Quicken files.

    Others I've heard of:

    * www.greentradertax.com
    * www.taxtrader.com (Ted Tesser)

    I've spoken to Ted Tesser in the past. He seems to prefer legal structures with LLC, companies in Nevada etc. I never felt that made any sense (but what do I know). Mr. Green has written extensively in ActiveTrader magazine over the last few months.

    I have never used any of the above to prepare my taxes.
     
  4. Here's another site:

    www.armencorp.com/tradelog/

    For active traders: an automated method of importing high volumes of trades that are properly matched.

    I have not used this service, you'll have to check it out.