GreenTraderTax & GreenTraderFunds
Webinars This Week: 
What To Focus On Before April 15: trade accounting, valid extensions, and Section 475 MTM elections

Tuesday, March 27, 2012, 1:00 - 2:00 pm EST
Tax Strategies and Solutions - Featuring CPAs Robert Green and Darren Neuschwander of GreenTraderTax!
Panelists: Robert Green and Darren Neuschwander of GreenTraderTax, and Jason Derbyshire of TradeLog
Hosted by TradeLog
Click here to learn more and register.

Wednesday, March 28, 2012, 1:00 - 2:15 pm EST
Botched 1099-Bs, Form 8949 Differences, Tax Prep Tips, Extensions & MTM Elections 
Panelists: Robert Green, Darren Neuschwander and John Padgett of GreenTraderTax 
Hosted by GreenTraderTax
Learn more and register below. 

 

Botched 1099-Bs, Form 8949 Differences, Tax Prep Tips, Extensions & MTM Elections

Join us for a Webinar on March 28

Space is limited. 

 

Join CPAs Robert Green and Darren Neuschwander, Managing Members of Green NFH, LLC, and John Padgett, TradeLog Accountant at Green NFH, LLC.

In this Webinar:

You won't get this education anywhere else: Learn about the cost-basis reporting crisis and how you should handle it on your 2011 tax return filings. Brokers aren't admitting they botched their 1099-Bs and prepared them under a different set of tax rules than what taxpayers use for tax return preparation.

* Padgett will demonstrate the newest version of TradeLog, built to deal with Form 8949 and new cost-basis reporting on 1099-Bs. Padgett will show common differences displayed on Form 8949 between trade-accounting results and 1099-Bs, including wash sale losses, "covered" vs. "non-covered securities," and other problems. We encourage attendees to share their Form 8949, 1099-B and trade accounting issues. The panelists will discuss these problems and offer solutions.

* Neuschwander will show how our CPAs work with TradeLog results, Forms 8949,  Schedule D, Schedule C (trader tax status expenses), Form 6781 (1256 contracts), Form 4797 (Section 475 MTM business traders), our important "income transfer" strategy and tax return footnotes. Neuschwander will demonstrate how our CPAs prepare extensions for April 15 - the wise course of action this year with the cost-basis reporting crisis unresolved.

* Green will explain the benefits of Section 475 MTM for business securities traders, including ordinary loss treatment and exemption from wash sale losses. The 2012 Section 475 MTM elections are due April 15 - Green will discuss the pros and cons of this election, and important tax strategies for climbing out of a hole of large capital loss carryovers.

 

Title:

Botched 1099-Bs, Form 8949 Differences, Tax Prep Tips, Extensions & MTM Elections

Date:

Wednesday, March 28, 2012

Time:

1:00 PM - 2:15 PM EDT

 

After registering you will receive a confirmation email containing information about joining the Webinar.

 

System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server

Macintosh®-based attendees
Required: Mac OS® X 10.5 or newer


The Cost-Basis Reporting Saga Continues

New Cost-Basis Reporting area of our site.  
Barron's interviewed Robert Green and Darren Neuschwander.  
Electronic Investor  | SATURDAY, MARCH 24, 2012  
Tax Filing on Trades: It May Pay to Wait

By THERESA W. CAREY | MORE ARTICLES BY AUTHOR (Ms. Carey's "Annual Best Online Broker's Survey"was the Barron's cover story on March 12, 2012)

"There's confusion among our readers on how to file the newly revised 1099-B from brokers, especially those with multiple trading accounts. It's worth getting an extension on your filing deadline to win time to work out the revised wash-sale and capital-gains regimen. A CPA may be of help." Click here to read the full article.  
2011 Tax Preparation:  
 
There is still time to sign up with us for your 2011 tax return preparation. We are preparing extensions at this late date, also due to complications of Form 8949.

Very few tax professionals in the country specialize in serving business traders. We are the leading firm --read why you should consider us this tax season. Savings start at around $8,000 and only go up!

Preparation and planning of federal and state income tax returns for traders (retail, proprietary,hedge funds, and management companies [both individuals and entities]) is our core business. 

In our tax preparation service, we distinguish between investors and business traders. Click here to read about the difference on our sign up page for investors. This page is for business traders to sign up on. 

Don't forget new Section 475 MTM elections are due by April 15, too.
Excerpt from our blog about cost-basis reporting problems: Making a Section 475 MTM election could be tricky based on using unreliable tax information. It can affect your decision to file or skip the Section 475 MTM election. Generally, we recommend Section 475 MTM on securities only, providing the business trader doesn't have capital loss carryovers. Traders need capital gains to use up capital loss carryovers, not Section 475 MTM ordinary income. On the other hand, wash sales from 2011 can be converted into Section 475 MTM ordinary losses in 2012 with a MTM election.
 

2012 GreenTraderTax Guides  

 

Use Green's 2012 Trader Tax Guide to receive every trader tax break you're entitled to this 2011 tax-filing season, and for planning in 2012. It's 25 percent bigger than last year's guide with 40 percent new content, including our latest thoughts, tax strategies, pitfalls, tweaks, warnings and benefits. Every one of our professionals must read this guide, and so should our clients. Cover, table of contents and overview

 

Whether you self-prepare your tax returns using consumer tax preparation software, or engage a CPA firm, this guide - along with our companion trader tax examples guides - can help you through the process. Many of our tax preparation clients use this guide to take advantage of our offerings.  

 

If after discussing this guide and our examples with your accountants, they give you a blank stare, then hire us - we will be happy to work with you. The dreaded new IRS cost-basis reporting rules are going to cause a real mess for traders this year with Form 8949, and this guide with our companion examples guides and TradeLog are here to help. 

Our motto is be smart, creative, forward thinking, cutting edge and even a bit aggressive, but keep it fully legal. You deserve excellence in content, ideas, judgment, decision-making, and service. Give us a chance at GreenTraderTax and Green NFH, LLC to please you with our highly trained and experienced CPAs and tax attorneys. We hope to hear from you soon. Thanks for being our customer and reading our guides.    

 

Sincerely,
Robert A. Green, CPA

 

For the best values, consider our packages.

  • Platinum Package: Gold Package, plus Premium Membership Webinar recordings.
  • Gold Package: The works, including Green's 2012 Trader Tax Guide, The Tax Guide for Traders ebook, our two 2012 tax return examples guides, our accounting guide. 
  • Silver Package: Gold Package minus The Tax Guide for Traders ebook.      
  • Bronze PackageGreen's 2012 Trader Tax Guide and The Tax Guide for Traders ebook.  
  • Each item is available a la carte. 

Click here for more information and to purchase the guides. Thanks.

 

Tax Season Webinars:

We scheduled many different types of Webinars for February and March with our alliance partners. Watch recordings and register for upcoming Webinars, click here 
Recent Blogs:
Greetings!

If you have any questions, please contact our customer support

at 888-558-5257 (toll-free in US only), or 646-224-6923 (worldwide),

or by email to info@greencompany.com.

Follow and join us on:

Find us on Facebook View our profile on LinkedIn Follow us on Twitter 

Videos produced by MoneyShow.com featuring Robert A. Green recorded at the Traders Expo NYC on February 19, 2012. Released on March 21, 2012

Green & Bartholomew at Traders Expo NYC 2012

Consultations:  

After you read our leading content about trader tax, entities, retirement plans, IRS exams, ETF, forex and other tax treatment, and investment management, you will probably have some good questions for us. The best way to get quick and dedicated answers to your specific questions is with a personal consultation with our Robert A. Green, CPA/CEO and our other GreenTrader professionals (tax attorneys and CPAs).  

Reserve your time soon. Please don't wait until the last minute, as Robert Green's schedule may fill up before April 15.
GreenTraderFunds:
We offer investment-management clients a full-service solution at very competitive prices, with emphasis on coordinated tax strategies. Our Incubator Fund is the least expensive and most flexible hedge-fund plan around! 
Video, Podcast, Trade ShowsWebinarsRadio, and Media: