Conference Call &
Podcast:
Thursday, Oct.
21, 2010, 4:15 - 5:30 pm ET
Dial 312-878-0224, Access Code:
603-682-315
An mp3 streaming podcast will be available after the call. Click here for
podcast archives.
Year-end tax
tips for this uncertain time.
Click here for Robert Green's new blog article dated Oct. 19,
2010.
Other versions will be published in Active Trader, Green's Forbes
blog, and Fidelity Active Trader e-Newsletter.
Other Topics:
- New CFTC forex
rules went into effect on Oct. 18 for RFED accounts.
Foreign banks have extra 270-days to comply. Has there been any
fall-out so far?
- Financial-transaction tax
(FTT) seems very unlikely in the EU and North America. But some
leaders in Germany are still pushing for an EU-wide FTT, in spite
of EU-leadership shooting down their proposals several times.
Hot-emerging market Brazil just drastically-increased it's FTT in
an attempt to slow down hot money inflows to limit the appreciation
of its currency. A similar FTT toll-charge would be inappropriate
for the U.S., because the U.S. does not have a hot money problem
and a toll charge would inappropriate for the dollar which is the
largest reserve currency in the world.
- Dodd-Frank Fin Reg changes.
There are still unintended consequences unfolding. As I wrote
during debate of this bill, bank profits would suffer significantly
from the loss of trading and alternative investments. Some banks
cut out prop trading already, well before the Volcker Rule's
effective date, perhaps to reduce year-end FDIC assessments on
their balance sheets and systemic risks (per Dodd-Frank). Trader
jobs have been cut on Wall Street and that hurts the NYS/C budgets
too. We offer a home to bank traders in our Traders Association and
we can help you establish your own trading business, prop trading
firm, and/or investment management business. Will Republicans gain
enough new seats in Congress to mount a challenge to Dodd-Frank Fin
Reg?
- Investment management
business. France and the UK finally agree on the new EU-wide
hedge fund and private equity rules. Per Reuters on 10/19,"Britain
prevails as France's Lagarde backs down. Start of EU-wide license
for foreign funds delayed." It appears that U.S. hedge fund
managers and private equity firms dodged a bullet on much tougher
EU-passport/registration rules, which could have significantly
restricted their access to EU investors. Thanks to Treasury
Secretary Geithner for being very firm with France on this matter.
As banks downsize alternative investment businesses, and the
markets continue a bullish run, independent hedge funds are growing
nicely again. Investment managers should not forget to comply with
stricter registration, compliance, and other rules enacted in
Dodd-Frank Fin Reg too.
- Entities and retirement plans.
There is still sufficient time in 2010 to form your own trading
entity and related retirement plan to save more taxes this
year.
Hosts: Robert A. Green, CPA/CEO of GreenTraderTax,
GreenTraderFunds & Traders Association, and Brent Gillett, JD
of Investment Law Group of Gillett Walker,
LLP.
We greatly appreciate your support in joining our Traders Association by paying
$50. Please visit our Traders Association Web site
section to learn more.
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Upcoming Trade Shows and
Webinars:
Trade
Shows:
Attend Green's classes at the Las Vegas Traders Expo Nov.
19.
Online Webinars:
Rockwell
Trading (10/26),
CyberTrading
University (11/9)
OptionsXpress
(12/7 and 12/14).
Contact the above companies to receive an invitation. Be on
the look out for invitations to some of these events too.
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Greetings!
If you have any questions, please contact
our customer support at 888-558-5257
(toll-free in US only), or 646-216-8061
(worldwide), or by email to
info@greencompany.com.
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Tax Preparation &
Planning:
Preparation and planning of federal and state income tax returns
for traders (retail, proprietary, and hedge funds [both individuals
and entities]) is our core business. Click here to
learn more about our tax preparation and planning services.
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GreenTraderTax
Guides:
 The Tax Guide for Traders (McGraw Hill 2004
hardcover & pdf). Comes with free updates in our login
area.
2010 GTT Guides: 2009 Tax Return Examples for Securities Traders
and a separate examples guide for Commodities, Futures &
Forex/Currency Traders (online). We also have an Accounting
Guide.
Green's 2010 Trader Tax Guide.
Our hardcover book covers important tax information, and although
trader tax laws haven't changed significantly since 2004, there are
many important new strategies, dos and don'ts, tips and tax law
changes included in Green's 2010 Trader Tax Guide. The hardcover
book covers the basics and the 2010 guide covers the latest updates
and strategies. |
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Tax Center:
See our articles on trader tax, MTM, entities, retirement plans,
tax treatment, securities versus futures, forex, precious metals
versus base metals, global tax, non-resident alien traders, IRS
exams, and much more.
Blog:
Robert Green writes about many hot topics for traders including tax
law changes, trader tax, proprietary trading, real estate losses,
and more. Robert Green is
now blogging on Forbes.com too.
Tools:
We are also pleased to offer our users and customers this tools
section, including general tax, financial and business resources.
This tools section is the only area of our Web site that is powered
by a third-party company, and they do an excellent job.
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Consultations:
After you read, view and listen to our leading content about trader
tax, forex tax, tax changes, entities and retirement plans for
traders, hedge funds/advisers, and proprietary trading firms, you
will probably have some good questions for our Robert A. Green,
CPA.
Click here to learn more or
purchase and schedule a consultation.
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Trade Accounting Software &
Services
Our trade accounting software (and our accountants too if you need
help in that area) can handle your trade accounting needs.
TradeLog® for GreenTraderTax.
Learn more how TradeLog is much better than any other program
for active traders.
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Webinars, Radio & Trade
Shows:
Most are archived so you can take these Webinars anytime you
like.
Plus, due to popular demand, several more Webinars with Green are
coming soon from most of these companies.
- NYC & Vegas Traders Expo
Classes
Join Green in Las
Vegas in Nov. 2010.
- CyberTrader Univ.
- MoneyShow.com (many educational
videos, Webcasts and interviews with Green)
- FXCM & DailyFX.com
- CBOT
- optionsXpress
- Lightspeed
- DTI
- Vince Rowe Radio Show
- NYS Society of CPAs
- Rockwell Trading
- TraderInterviews.com
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