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Bingo!!! You'll have a tough time trying to get a CPA to bail you out. The CPA also doesn't really carry any of the liability anyway. Do your own taxes, cause the accountability falls on your own shoulders anyway.

BTW, if you filed incorrectly last year and didn't get the preferential 1256 treatment, all you need to do is file an amended return and as long as everything is legit, then they will send you a refund.

Seriously!!!!! GET A NEW CPA!!!!! Your CPA doesn't have a clue!. He is confusing several different trading tax issues and he is going to cost you a lot of money through his ignorance. You don't need to make any election to get 60/40 tax treatment on futures contracts. They are 1256...

What is wrong with requiring the potential president of the US, to show an actual birth certificate with a doctor's signature? I mean, we are talking about vetting the most powerful man in the nation, who these days can do pretty much whatever he wants with the worlds most powerful military. I...

There is only the ballot process. If you get on the ballot in a certain state then you are essentially eligible. Obviously, the presidential nominee would need to get on the ballot in almost all states. And as much as you'd like to think (assume) that it requires a birth certificate to get on...

Not a birther, and I think that topic is beyond dead. I think it should be pointed out though, that while there is a certain amount of natural media vetting during elections, there is no formal vetting process for candidates. I would challenge you to find a description anywhere. Or even a...

On China --- I'm not here to say they should be using toilet paper, it's not right. If that's not what they do, that's not what they do. I didn't know that. I didn't think China was going to be like this. I thought it was going to be more... I thought it was where they made the iPod. I...

Not trying to belittle. Just suggesting that the OP is likely smart enough to do his own taxes. Especially if they are futures. It is glaringly obvious that his accountant is insanely unqualified to be handing out advice and is going to cost him serious amounts of money. I mean really... I...

If that was on my street, the council would be sayin', "Get that down. It's a death trap!"

Still slow so far this week. If volume is this light now, I can't image what the summer will be like. My strategy uses trading volume as one of the parameters, so when things get light I have to switch to a slightly altered rule set. It allows for me to get a bit more aggressive when things...

If all you ever do is trade futures then you should be smart enough to do your own taxes. Taxes on futures trades are the easiest out there. If you aren't smart enough to do them yourself then quit trading because you aren't smart enough to make money. Your CPA is not only not qualified to...

Not much sense in quitting your job unless it is costing you too much to keep it. IMO

This week was horribly slow. Probably the slowest week that I've had in about a year. Very few trades made. Probably about 1/10 of normal volume. Obviously the 1.76% return didn't even come close to the 5.1% target for the week. YTD return: 67.37%

If it's showing 50/50 you'll get filled, but again, only if you take the natural.

I think this post is the most accurate post on this thread. If a trader becomes highly skilled at both trading and poker, he will soon realize that poker is a complete waste of time. Sure, the occasional game here and there for fun, but nothing to seriously waste time trying to make money at...

The natural assumption is that this kid is closer to the typical 8 year old that we are all familiar with. IOW, relatively easy to be talked down after some time passes and he starts to forget what he was so upset about. The fact that this has happened 3 times now, and only this time did they...

Couldn't have learned it at home. Hmmm... must've been the first two times the cops were called on him. they must've taught him that word.

All starts in the home. I've never seen a situation like that where the mother didn't cause or enable it. I hear nothing but excuses in that article. If I acted like that, I wouldn't have been able to sit for a week. You ever been pepper sprayed? Not meant to calm someone down. It is...

Yes, using VIX options as a hedge adds another layer of variables onto the ability of the hedge to adequately do it's job. Sort of like buying NDX puts as a hedge against a long ES position. First, NDX and ES are not 100% correlated, and secondly adding all the option variables into the mix...