Trading Events

Speaker:Jim Crimmins

Company:Traders Accounting

Please note this is a two-part event with Part One on Tuesday, April 6th and Part Two on Wednesday, April 7th. Each session will begin at 3:30 CT.

Join Jim Crimmins, President of Traders Accounting, for this two-part education event on “Tax Efficient Trading”. These live events will outline how you can increase your cash flow through Trading as a Business.

Part of the survival for any successful trader is cash flow management. The largest expense a trader has whether the trader makes or loses money is taxes. Every dollar we spend on taxes means we have one less dollar to trade with. With this in mind it is obvious that as traders we have the obligation to do everything possible to keep as much money in our brokerage accounts as possible.

Topics featured in this interactive workshop include:

•  Trading as a sole proprietor
• The IRS “special rules” surrounding “Traders Status”
• The recent Frank Chen Tax Court Case, and what it means to all traders
• The advantages and disadvantages of trading as a formalized business—what type trader would use a formal business?
• Partnerships
• LLC’s
• Corporations
• Is there a cookie cutter approach to tax savings for a trader?
•  The taxation of 1256 contracts
• The difference
• What types of trading business would fit in this category
• Mark to Market
• A panacea or an empty promise for a trader?
• Trading in a retirement account
• What is the best way to approach this

Jim Crimmins is the founder and President of Traders Accounting, Americas leading tax firm for active traders. Traders Accounting specializes in taxation and strategies for traders and has a very active education arm. A nationally known speaker, Jim travels many miles each year to deliver his message to trading schools, trading clubs and expos around the country. Jim, a former college professor, mixes humor with tax fact to teach his many students.