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| The Tax Guide for Traders | ||
| Trader Tax Law & Benefits | ||
| Securities Trader Examples | ||
| Accounting | ||
| Commodities, Futures, Forex | ||
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Store Instructions |
TRADERS
GUIDES
Recommended by
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If you’re a trader, you have enough on your mind already –
you don’t want to worry about taxes. Still, taxes are crucial, especially
if they’re not handled correctly. Improper tax reporting can cost
you thousands and thousands of dollars – money that should go into
your pocket instead of the IRS. Trader tax law can be very complex. However,
GreenTraderTax has a way to simplify things – the GreenTraderTax
Guides. These guides and book will greatly increase your knowledge of
trader tax law, and when used in conjunction with GreenTrader's other
services, they will provide you with all the tax benefits you are entitled
to. These guides and book are clear and concise, and they will significantly
enhance your understanding of the tax benefits and opportunities available
to traders.
Buy our in-depth hardcover book "The Tax Guide for Traders"
(McGraw-Hill 2004, 308 pages) to learn all about the trader tax laws and
how to simply enjoy these valuable tax savings. Next, purchase our annually-updated
companion tax return examples guides to learn how to file your own tax
returns. We have two GreenTrader tax return examples guides; one for securities
traders and the other for commodities, futures and forex traders. We also
have a companion accounting guide. For the best value, get "The Tax
Guide for Traders", plus all our two examples guides, our accounting
guide plus a bonus guide (our trader tax law guide) in our Gold Package
(see details below).
We also highly recommend Green's 2009 Trader
Tax Guide (W&A Publishing 2009). This pdf download (27 full
8 x 11 single spaced pages) is an excellent addition to Green's hardcover
book and tax return examples guides featured below. It contains Green's
latest ideas and strategies considering escalating interest from the IRS
in challenging business traders. There's plenty of vital new information
on entities, how to financially engineer the earned income component for
retirement plan deductions and much more. There is a new chapter on tax
court cases and the entire guide is re-written from last year's version.
It's a must read for all our clients, guide customers and users.
Click
here to learn more and purchase this guide ($17.95).
Our book and guides are available for purchase below.
GTT
writes the book on tax help for traders – literally
McGraw-Hill published "The Tax Guide for Traders," written
by Robert A. Green, CPA. See our excellent book reviews in BusinessWeek,
SFO magazine, Barron's,
and Amazon.
We invite members of the media to review our book and/or publish excerpts
on their Web sites. Kindly contact us at info@greencompany.com
or call us and we will e-mail you
login access to our book review section, which includes the entire book
in PDF format.
Book
flyer
Book jacket
(text), Book flaps image.
00 (i-xii) FM.pdf – Table of
Contents and Introduction (Why You Need This Book).
The Tax Guide for Traders (hardcover book) includes special login information
to our free tax updates section for the book exclusively.
You can count on being current in the tax code. To date, there haven't
been any significant changes to trader tax laws and the book is still
excellent and right on target for current year tax return filings.
Our above hardcover book is available in all major bookstores and their online stores.
* Free Bonuses from GTT only:
You get the e-book version of this book plus the GTT Guide: Trader Tax
Law & Benefits (web access). This bonus guide, a $39.95 value, includes
the large body of case law for traders, including GTT's unique analysis
and observations on these crucial cases.
Kindly purchase our book and 2009 GTT Guides listed below.
|
There are three companion GreenTrader tax guides to our hardcover book,
The Tax Guide for Traders.
Each companion guide listed below focuses on a different topic.
All of the below guides are included in our Gold Package above. You may
also order them a la carte.
| 2009 GTT Guide: 2008 Tax Return Examples
for Securities Traders (Individual and Entities) (Web
access)** |
$49.95 |  |
 |
| 2009 GTT Guide: 2008 Tax Return Examples
for Commodities, Futures & Forex/Currency Traders (Individual
and Entities) (Web access)** |
$49.95 |
|
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| GTT Guide: Accounting for trading gains and losses (Web access). Includes GTT's proprietary worksheets and formulas for quick annual accounting, plus all the accounting rules and guidance you need. | $39.95 |
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Click here 
to
read some excellent testimonials.
For online orders, we accept American Express,
Discover, Master Card and Visa.
For mail orders, we also accept money orders
or bank checks. Make your money orders or bank checks payable to Green
& Company Inc. and mail them to 54 Danbury Rd, #351, Ridgefield, CT,
06877. Make sure to include items purchased, your full name, address,
phone number and e-mail address.
Web Access: When you purchase a guide or service, you
receive a login name and password that will grant you immediate access
to protected areas on our Web site. The guides and service support areas
are in these protected areas, and you will have access through approximately
Feb. 15, 2010 - so you have time to complete your 2008 tax returns in
2009. If you have trouble getting your user name and password, see troubleshooting
below. You have access to our 2008 guides with 2007 tax return examples
until we publish our 2009 guides in early 2010.
Shipping Methods: We ship "The Tax Guide for Traders"
hardcover book within 2 business days of purchase using USPS.com's Priority
Mail Flat Rate service. USPS emails you the tracking number and related
information.
Troubleshooting
How to get your user name and password: When
you purchase your guide, you receive a Purchase Confirmation displaying
a download icon and link. You also receive an e-mail from GreenTraderTax.com
titled "your download files are here." That download link works
for three attempts or 72 hours, whichever comes first. The download is
a one-page PDF file which includes your user name and password to log
in to our Web-based guides. If you are too late in opening your PDF file,
contact us by e-mail with a copy of your order and we will e-mail you
the user name and password.
If you have trouble logging in consider the following:
You must enter the user name and password exactly as stated (all lower
case) and make sure you are trying to log into the correct guide.
You can't login to our current year guides with a user name and password
from an older year guide. If you receive a free upgrade, you need the
new login information.
Try cleaning your cache or temporary Internet files, restart your computer
and try login again. We are sorry for any inconvenience you may have.
Need Help: If you still have any questions
or need help, call
our customer service line or e-mail us at support@greencompany.com.
AUG. 31, 2004
Are You a Pro?
The Tax Guide for Traders can help you figure out if you qualify as a
professional trader
Frequent traders spend all kinds of time and energy figuring out how to make money on lots of little trades. If enough time is not devoted to figuring out the complex taxes involved, they could blow much of their profit. Robert A. Green, a Manhattan accountant who has built a practice specializing in trader tax law, has put all he has learned into a new book, The Tax Guide for Traders, published by The McGraw-Hill Companies (which also owns BusinessWeek Online).
Green gives the kind of advice that accountants less familiar with the world of trading might not offer. For example, he encourages all traders to see if they'll qualify for professional trader tax status, even if they don't end up taking all of the benefits. "Gaining trader tax status is beneficial in all circumstances," he writes.
KEY QUESTIONS. The tricky thing about gaining trader status, Green explains, is that most of the rules were written before online trading really took off. They reflect a black-and-white view of professionals vs. amateurs that doesn't necessarily hold anymore.
Because of the ambiguity, Green suggest traders ask themselves a number of questions before defining their status: Do they seek to take advantage of daily moves in the market? Is their activity substantial? Do they only hold stocks for a short time?
The benefits of professional status include the ability to write off a greater number of trading-related expenses and a reduction in paperwork, Green points out.
The rest of the book contains technical information on commodities, audits, extension, and other issues that might be of greater interest to accountants than to traders. However, the discussion of who qualifies as a trader will make the book worthwhile for those who aren't accountants.
The Tax Guide for Traders
The McGraw-Hill Companies
October, 2004
$55 (retail price)
Amazon.com
Editorial Reviews (as of 10/8/04)
The Tax Guide for Traders, by Robert A. Green
Synopsis
Active traders and investors have special needs to consider when it comes
to taxes. A wrong decision on trader status, missing an extension for
mark-to-market, or allocating net operating losses to the wrong year can
end up costing a trader thousands of dollars and headaches with the IRS.
A trader wading into the thicket of trader tax law without guidance is
more than likely to regret it.
The Tax Guide to Traders from tax expert Robert Green fills this niche
nicely, supplying active traders with a complete guide to all the major
tax issues facing them. The writing is accessible and very readable (Jeff
Ponczak of Active Trader magazine will edit the manuscript before submission).
It is not dull accounting type reading, but rather very hands-on, practical
material that covers issues traders face every day. The Tax Guide for
Traders discusses every key aspect of the tax situation as traders face
them.
Topics covered include: How to set up various trading businesses depending
on individual requirements: sole proprietor traders, active investors,
proprietary traders, hedge fund traders, entity traders, part-time traders;
Key differences between state tax law and federal law (including information
on the recently passed tax bill); Trader tax status, year-end tax planning,
extensions, and filing strategies; Examples of specific tax forms for
specific types of traders; How to account for gains and losses with thousands
of trades; The importance of "mark-to-market"; What to do in
case of an IRS audit; The difference in tax treatment for commodities,
securities, and currencies; Deductions, self-employment taxes, expenses,
and retirement plans.
The author advocates keeping tax issues as simple as possible. He is an
experienced tax expert with insights into how the IRS operates (red flags,
important case law, etc.) and offers excellent advice on how to avoid
trouble before it starts.
About the Author
Robert A. Green, C.P.A. is the CEO of GreenTraderTax.com, which
specializes in tax information and services for traders, investors, and
the financial industry.
Product Description:
Taxes play an integral role in trading success, yet no book today
clearly and adequately explains the tax issues that are unique to active
traders and investors. The Tax Guide for Traders provides traders with
practical material on how to minimize the impact taxes have on their hard-won
profits.
Written in a hands-on style that appeals to traders as opposed to accountants,
it discusses the best ways to set up a trading business, key tax forms
and how to use them, tax treatment for specific types of securities, what
to do in case of an audit, and much more.
Book Review (January 2005 issue)
by: Elizabeth Thompson
The Tax Guide for Traders
By: Robert A. Green, CPA
Publisher: McGraw-Hill, 2005
Before we know it, the tax season will be upon us. Our W-2s will be handed out at the office or mailed to our homes. For many, this season can be more unbearable than a bitter Midwestern winter, and the IRS, with its ever-changing tax code, does little to warm us up to the whole dreaded process of filing taxes.
For active traders, in particular, tax season can present a daunting task. There is so much more to consider than just total taxable income or standard exemptions. For example, are traders taxed in the same way as investors; does an individual trader file the same as a proprietary trader; what expenses can be deducted; does a securities trader file the same way as a futures trader?
Fortunately, for the 2004 tax year, traders have a new desk reference: The Tax Guide for Traders by Robert A. Green, CPA. Green answers these questions and many others in his new book, and while it is not laid out like reference book – there are no tabs sticking out of the side to help you thumb through it, for example – its use as reference is most certainly the top function of this text. After all, this is a book on taxes, not a late-night page turner. Nor will every trader have to read every page of this book, but it is, nonetheless, a book every active trader should have. Green explains the IRS filing and accounting procedures for securities traders, commodities traders and currency traders, also mindful of newer products such as certain index futures and single stock futures.
Of course, Green covers the basics first, specifically how a trader determines if he is legally considered a trader for tax purposes. For example, to be considered a trader in the eyes of the IRS, one must trade substantially on a regular basis and seek to take advantage of daily price movements, as opposed to long-term investing. He then expounds on these broad definitions to help readers determine their status. In addition to these guidelines, Green reviews the required status for day traders, proprietary traders, part-time traders and even non-U.S. resident traders, leaving no stone unturned when it comes to explaining tax law for every type of trader. And there are many.
After helping readers to determine whether they actually are traders, probably the most interesting and beneficial chapter may be “Entities for Traders.” In this chapter Green explains how traders may form an entity in order to capitalize on tax law – this, no doubt, is what every trader wants to know. As Green says, “A business trader is by default, a sole proprietor. Although this status is good enough to unlock numerous tax breaks, forming an entity can in some cases be the preferred route for traders.” He goes on to explain several entities in detail, such as the husband-and-wife partnership or the single-member LLC. In addition, Green lays out the financial benefits of creating such entities with thorough examples in which he compares the taxes under a sole proprietorship and an entity. The tax savings add up to thousands of dollars, reason enough for traders to further explore and understand the tax code.
Like this chapter, all others have been written with great attention to detail. And again, while every trader may not benefit from every bit of information in this book, Green’s attention to detail is crucial for traders looking to seize opportunities afforded them in the tax code, particularly because not every accountant is well-versed in trader accounting rules.
This book gives traders tax knowledge they need, arming them with information
to 1) learn how to file their own returns properly, if they have the wherewithal;
or 2) ask the right questions of their accountant when they make the awful
trek to his/her office in the dead of winter. While it may not warm traders
up to the idea of doing taxes, this book certainly would be an indispensable
text on any trader’s bookshelf.
From elitetrader.com
02-19-07 01:56 PM
I went with green's online $99 (Gold) package. It comes with his book
and online access to example tax returns. It's a great value since it's
enough for me to do my own taxes without assistance. Combine that with
Quickens Home and Business TurboTax, I'm pretty much covered.
From: Sxxxx
[mailto:sxxxx@yyyyy.com]
Sent: Monday, February 20, 2006 5:02 PM
To: rgreen@greencompany.com
Subject: Thanks for the Tax Guide
Mr. Green,
I’ve just finished reading your Tax Guide for Traders, I wish I’d read it a few months sooner as it would have saved me considerable losses and put me in a better position tax wise. Overall I found the book most helpful and will refer to it in helping with my trader taxes.
Sxxxx Syyyy
From: Jxx
Cyyyyy [mailto:jxxcyyy@comcast.net]
Sent: Friday, January 13, 2006 11:31 AM
To: rgreen@greencompany.com
Subject: Consultation. Order #: x
Robert,
I enjoyed your book so much I thought I would use your consulting services
and… Below is brief description of my background ......
Jxx Cyyyyy
-----Original
Message-----
From: Rxxxx Lyyyyyy [mailto:lyyyy@yahoo.com]
Sent: Thursday, June 23, 2005 4:22 PM
To: info@greencompany.com
Subject: endorsement on GreenTraderTax
Dear Bob Green et al,
Here is the endorsement for your company that I wanted to get to you
a long
time ago.
"My experiences with GreenTraderTax have been excellent, fast, and
professional. They are the most knowledgeable and efficient firm in this
area. GreenTraderTax has helped me get out of negative situations with
the
IRS caused by using recommendations made by a competing firm in Florida.
The author of a book called "The Trader's Tax Solution" (written
in 2000)
recommended to set up a LLP and C-Corporation in Nevada (not my home state).
It cost a few thousand dollars to set up the entities, but then they
wouldn't provide instructions on how to operate the entities correctly
and
legally.
As a starting trader this business setup was very complicated. The Florida
firm charged me $200/hour to explain how to operate the entities. They
would not provide anything in writing. I agreed to the $200/hour consulting
fees, but requested to have my CPA on the phone during the session. The
author of the "The Trader's Tax Solution" demanded $350/hour
consulting fees.
I refused to pay the $350/hour to have my CPA present, because I felt
they cornered me, were
taking advantage of me and trying to extort money from me because they
had
me in a bind. Their behavior was not only unprofessional, but they gave
me
bad advice that was wrong. And then they were unwilling to help me without
paying thousands of dollars more. Their behavior bordered on negligent
and
criminal.
It took me threee years working with GreenTraderTax to untangle the mess
made by . I still have $30,000 in losses tied up in the Nevada
C-Corporation that I have no legal way to take on my personal return.
GreenTraderTax has helped me recover many of my trading losses, has made
the entire trading business much simpler for me, and helped me get past
due
refunds from the IRS. They have worked on tight deadlines and don't charge
exorbitant fees. They explain things very clearly and are a joy to deal
with. Stick with GreenTraderTax if you want to learn how to set up and
operate a trading business properly.
Stay away from other firms, especially the author of "The New Trader's
Tax
Solution." These other firms can be scammers that offer complex solutions
that are very costly and frequently outright WRONG.
They are not knowledge professionals like GreenTraderTax."
Rxx Lyyyyy
-----Original
Message-----
From: Txxxx Yyyyy [mailto:yexxxx@hotmail.com]
Sent: Tuesday, March 01, 2005 6:48 PM
To: rgreen@greencompany.com
Subject: 2005 guides
Dear Robert,
First, I would like to say that you are providing an incredible service. I have enjoyed reading your book and guides. Most informative. I look forward to your next webcast on Paltalk.
However, I need your assistance on a related issue. xxxxx
Kind regards,
Tony D. Yeh
----Original
Message-----
From: Pxxx Lyyyy [mailto:pxxxxlyyy@hotmail.com]
Sent: Wednesday, December 01, 2004 12:39 PM
To: rgreen@greencompany.com hi bob,
I have finished your book this past weekend. thank you! (amazingly, it was not boring in the least for an accounting book!)....i found the whole thing incredibly valuable in planning which way one should organize a trading business.
regards, pxxxx
-----Original Message-----
From: Dxxx Fyyyy [mailto:dxx@xxxCPA.com]
Sent: Wednesday, November 24, 2004 1:29 PM
To: rgreen@greencompany.com
Subject: RE: Silver Package question
Actually bought the gold package and signed up for the email newsletter.
As a CPA, trader and someone very interested in the hedge fund industry,
I am looking forward to reading the book and gaining knowledge from the
practical examples in the guides. Your web site is a huge resource for
the trader/hedge fund community. I have been looking for a resource like
this for some time. Keep up the good work. Thank you.
Dxxx. Fyyyy CPA
-----Original Message-----
From: Mxxxx Hyyyy [mailto:mxxxx@juno.com]
Sent: Friday, March 12, 2004 9:02 AM
To: rgreen@greencompany.com
Subject: Re: 2004 TAX GUIDES FOR TRADERS
I HAVE RECEIVED THE TAX GUIDE. IT APPEARS THAT THE GUIDE IS AN EXCELLENT
TREATISE AND IS WHAT I NEED TO RESEARCH MY SPECIFIC SITUATION. ALSO SEND
THE ANNOUNCEMENTS AS STATED IN YOUR PRIOR E-MAIL
Mxxx Hyyyy
-----Original Message-----
From: JxxxCyyy@aol.com [mailto:JxxxCyyy@aol.com]
Sent: Monday, February 23, 2004 9:28 AM
To: rgreen@greencompany.com
Subject: Re: Your Download Files Are Here
Yes, you did very quickly. Thank you.
I just want to say as of now that your products are great. I am considering of buying one of your softwares very soon.
Regards, Jxxx Cyyy
-----Original Message-----
From: Rxxxxx Oxxxxx [mailto:xxxxx@xyxy.com]
Sent: Friday, April 04, 2003 10:55 PM
To: rgreen@greencompany.com
Subject: RE: guide
Bob,
Excellent guide! I learned a lot of the information I was looking for.
I'm filing my 2003 MTM election with my 2002 return next week. I'll be
contacting you at the end of the year to help with the 3115 form and other
requirements for filing my 2003 return.
Thanks,
XX
-----Original Message-----
From: Gxxxx Myyyyy [mailto:gxxxx@myyy.com]
Sent: Tuesday, February 25, 2003 11:42 AM
To: rgreen@greencompany.com
THANK YOU!!
As I said, your guides are a godsend for me, and you are truly the best!!!
Gxxxx
-----Original Message-----
From: Gxxxxx Bxxxx [mailto:gxxxxxxl@attbi.com]
Sent: Monday, February 17, 2003 5:32 PM
To: rgreen@greencompany.com
Subject: Re: 2003 tax guides
Gentlemen,
In our current age of lousy customer service, your remarkably quick response
to my query, on a holiday weekend, is a breath of fresh air, I can't say
enough.
Thank You, Thank You, Thank You !!!!!
Gxxxxx Bxxxxx
-----Original Message-----
From: Gxxx Cyyyy [mailto:gcyyy@attbi.com]
Sent: Monday, August 12, 2002 2:24 PM
To: rgreen@greencompany.com
Subject: Re: Cyyyy testimonial
Dear Bob,
Thanks again for such an expeditious job on completing our tax return.
I paid the invoice via the shopping cart, which indicated an electronic
delivery even though it will actually be sent via Fed-Ex, right? Anyway,
thanks and we'll do it again next year, maybe on time and without the
extension! I really do appreciate the great job you do.
Two years ago your green trader tax guides saved my bacon: the IRS hit
me with a full-scale, 3 year line item audit challenging my trader tax
status. They claimed that I owed them over $250,000. My (then) accountant
was doing an excellent job of organizing my records, but defending the
mark-to-market trader status was beyond his area of expertise. The information
from your guides was critical to my defense -- the IRS eventually ruled
in my favor. Best trade of the year. Since then I've relied on you for
all my accounting.
Regards,
Gxxxx