Tax Planning
Day trading, more than any other profession, requires detailed tax planning. Those who wait until tax time without advance preparation are guaranteed to pay considerably more taxes than required and may possibly face liabilities that can be financially devastating. Many of these problems cannot be resolved after the fact, so proper tax planning is essential.
Let Day Traders Taxes look at your individual tax situation and help you make the required changes that will save you thousands of dollars in the future.
Tax Preparation
If you’re not using experts who focus on day trader taxes then you are guaranteed to overpay on your taxes. Most tax professionals do not know how to navigate the complexities of day trading tax laws. When we prepare your taxes you will have the peace of mind knowing day trading specialists are working on your behalf. We will be able to find every possible way to reduce your tax burden and to protect you from potential liabilities.
Entity Creation
One of the ways to save money on your taxes is to trade under an entity. However, there are many pitfalls associated with creating a qualifying day trading entity. Day Traders Taxes will handle every aspect of creating your trading entity so that you are viewed correctly in the eyes of the IRS. Do not wait until the end of the year to find out if your Day Trading Entity qualifies under IRS code.