Ready For Year 2017 Trading
The active trader needs to
plan ahead for the tax consequences of their trading activities.
This section lists critical information the trader should
consider for the year 2017.
Each active online stock trader should
strive to qualify as a "Trader In Securities" with
the IRS, if possible. Being a Trader In Securities means you
actively trade your account on a full or near full time
basis. Once qualified you have tax reporting options that can save
you a tremendous amount of tax dollars.
Visit our welcome message for an overview of the benefits
of achieving trader status.
Our goal is to not only to
help you to achieve "Trader Status", but to assist you to become completely educated about the tax
laws, help you elect it properly, and tax plan your way to
dramatic tax savings. It
is critical for your trading career!
We offer everything you
need to become educated about these laws and make the proper IRS
elections to take advantage of them.
Additionally, we are available for teleconferences to
personally consult with you.
Whether or not you trade
full time, having your 2016 tax return prepared by the CPA
experts at Daytradertax.com will prove invaluable for you. Our
knowledge of the tax laws for online stock traders is
How you treat your trading
activities from a tax standpoint is crucial! You have
choices that can mean savings of literally tens of thousands of
tax dollars to you. Your
trader status election must be made by April 15th of
the year 2017, and is critical.
The election process is complicated and depends upon the
results of your trading activities. I can not stress the importance of properly planning and
making this election.
If you have a full or part
time job other than trading, but still are fairly active in
your trading activities and want to learn your tax reporting
options we suggest you purchase our
Guide", you can download it today for just
provides an overview of the tax laws, a questionnaire to
determine your eligibility and our interpretations and
guidance. If you feel after reviewing this information you
qualify as a trader and
would like to upgrade to one of our products, the
cost of this purchase
will be credited against the price of the other
If you actively trade on a
full (or near full) time basis you will qualify for some
very beneficial tax treatment.
You will qualify as a Trader In Securities and need
to make the proper elections by April 15th of the
year 2017. If
you do your own taxes or your CPA is not familiar with these
laws you can purchase our
"Daytrader Tax Comprehensive
Guide" package for $99.00 or our
"Daytrader Tax Comprehensive 'PLUS' Guide" package for $199.00. The
information contained in these tax packages provide
everything you will need to become educated about the laws
and file your taxes. To insure everything is done properly,
please call our office for a personal consultation. Creating
the proper tax elections is absolutely critical.
For Active Traders who did not elect 'MMA Trader Status' in 2016
but wish to do so for 2017
For those individuals who
actively traded during 2016 but did not elect
trader status with the
IRS, the year 2016 presents new opportunities for you.
First, you need to carefully evaluate your situation before
making the trader election for the year 2017. Evaluate your 2016
trading results. Were you profitable, break-even or did you
incur losses? It makes a difference, following are some items to
If you were a profitable
or break-even trader during 2016 a valid
Trader election for the year 2017 should be made. Your only
potential downside is the tax consequences associated with
your IRC section 481 adjustment, and this is usually
recommend that you have your 2016 taxes professionally
prepared by us. We will be able to evaluate your situation
and properly plan and make your year 2017 election. Or you
could purchase our
"Daytrader Tax Comprehensive 'PLUS' Guide" for just
$199.00, it includes up to one hour of our time at a 30%
discount, which will prove invaluable to you. We will
personally prepare the calculations necessary for IRC
section 481 and provide the "one on one consultation"
you need to report your year 2017 trading activities with a
valid trader election.
If you incurred substantial losses
during 2016 but are considering a valid trader election for
the year 2016 you should be careful.
Your reported 2016 losses were "capital
losses" and were limited to a net loss of
you elect trader status for the year 2017, your gains will
be treated as "ordinary
income" and will not offset your 2016 losses.
This means that your 2016 loss carry forward will not
be available to offset year 2017 gains. This is a crucial
planning point that needs to be discussed on an individual
highly recommend you call our office to discuss your
personal tax situation. You may purchase a personalized
telephone conference through this website at a very
affordable price. We will evaluate your personal tax
situation and devise a strategy that's perfect for you.
Active Traders who did make a valid
"MMA Trader Status" election during_2014
First of all,
congratulations are in order! You made a very intelligent tax
planning decision that I'm sure you are now grateful for.
I would highly recommend that your consider our
preparation services for your 2016 tax returns.
We are experts in this area of tax law and the insight
and planning opportunities we can and will bring to the table
for you may prove invaluable.
You may also want to consider the
of incorporating your trading activities.
Incorporating your trading activities into a separate
"trading entity" removes all reporting activity from your
personal tax return, which may prove beneficial under certain
visit our "Benefits of Incorporation"
section on this website
In summary, each trader
should strive to obtain MMA trader status at some
point. The key is when and how this should be done.
We are here to help you minimize your tax liabilities and
are experts in this area of tax law. We should be considered a
professional partner in your trading activities, so please
don't hesitate to contact us.
We are here for your benefit.
Mann & Company CPA's P.C.
Paul S. Mann CPA
Copyright © 2017 Mann & Company, P.C. All rights
Any reproduction or distribution is prohibited without the express written permission of
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