Recent content by 7to1

Can anyone suggest some other accounting firms who specialize in traders besides Green and Crimmins? Don't have much money to start, but want to structure right - up front.

I SCALP futures, like the Dow and Oil. Never hold anything over night. At the end of the year I have no holdings. Seems like MTM would not be a benefit for me, especially if I gain TTS status?

Just found out the IRS automatically treats an LLC like a partnership whether its a single-member or a multi-member. Must file form 8832 to change to corporation tax status. Anyone have any advice on this topic? I'm assuming there are more personal tax advantages with an S Corp than with a...