The trader's one-stop guide to reducing tax liability. As trading increases in popularity, so too does the tax liability. Ted Tesser, expert tax consultant, arms all traders with the right information to reduce their tax liability and be better prepared once tax preparation time rolls around. This comprehensive guide covers all business planning issues and provides tax-saving strategies, explaining in detail what is deductible and what is not, and what documentation is required. Individual case studies, real-world examples, and model tax returns provide the answers traders need.
Ted Tesser, CPA (New York, NY), specializes in investment taxation and is an active trader. He is the author of Wiley's The Trader's Tax Survival Guide, Revised Edition and is well known for his popular seminar entitled "How to Create and Manage a Profitable Trading Business."
Provides solutions for the tax problems facing most U.S. traders, investors, and income earners today-excessive tax payments to federal and local governments, insufficient preparation for retirement, and ultimately, the fate of bequests. DLC: Taxation of bonds, securities, etc.-- U.S.