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Here's my blog. Puerto Rico’s tax haven status is tailor made for investors, traders and investment managers http://www.greencompany.com/blog/index.php?postid=215 Any traders or investment managers interested in making the move to PR?

Great news! Got the answer. Short-term capital gains are excluded. It's irrelevant if they are daytrading positions. My blog is being edited now and should post early next week.

I am almost done with my new blog on Puerto Rico taxes. Great news, traders can exclude their short-term and long-term capital gains under act 22 in PR and from the US IRS under Section 933. Stay tuned.

Here's my Forbes blog post today. http://www.forbes.com/sites/greatspeculations/2014/05/08/business-entity-dictates-tax-treatment-for-professional-traders/

I'm working on a blog about Puerto Rico tax incentives for American investors Act 22 and export service businesses Act 20. You are right the reality does not match the hype. There is some confusion about active trading gains and whether they qualify for the passive income exclusion under...

Most tax professionals don't know much about trader tax status (TTS). They mistakenly think an LLC gives business treatment by default and it does not. The LLC needs to qualify for TTS. 1000 total trades per year annualized, trade executions 3-4 days per week, average holding periods well under...

As EU-11 FTT comes closer, many participants and those effected are worried it will hurt their interests, which includes bank lending to business. The mainstay argument for FTT is to "make banks pay for the 2007-2009 financial crisis." Maybe it's time the EU follow the U.S. lead...

Does your new form handle wash sale loss reporting properly? Between stocks and options? Across all accounts including IRAs?

We haven't seen automated trading come up in a trader tax court case yet, but we expect it will. We've seen executives with demanding full time jobs who turn a switch on to automated trading systems spending 30 minutes a day. They have no involvement with trading decisions relying entirely on...

New IRS guidance on SE tax deductions affects partnership AGI-deduction strategies for retirement plans http://www.greencompany.com/blog/index.php?postid=205 You need either self-employed income (earned income) or wages.

PFG investors can deduct theft losses on 2012 tax returns with Rev. Proc. 2009-20 safe harbor relief. That’s great news! http://www.greencompany.com/blog/index.php?postid=183

When considering a move abroad for tax savings, keep in mind that Uncle Sam doesn't let you go so easily. US citizens and long-term residents are slapped with an expatriation tax or exit tax. Sort of like continuing to pay US taxes like a resident for 10 years after you leave...

The Section 911 exclusion on Form 2555 is only for "foreign earned income" and a housing allowance. Trading gains are not earned income, unless you are a full member of a futures exchange trading futures on that exchange. We advise business traders living outside the US to consider a US...

EU Trading Tax Plan Hits Legal Snag - WSJ.com http://online.wsj.com/article/SB10001424127887324094704579066880963044814.html Add Comments. Here's mine. The trader tax is clearly illegal. For sure, Germany, France, Italy and Spain are working together to force the UK - who voted no - to...

Thanks, I won't write a blog. FTT blogs on Forbes don't get many clicks to read.

Should I write a blog for Forbes rebutting the USA article with this new tack? Quick draft on iPhone. If FTT is going to be so good then apply it across the board without exception. Start with US Treasuries, municipal bonds, the Federal Reserve's bond program, and bank repurchase...

My Forbes blog version: Ways Professional Traders Can Save Big At Tax Time http://www.forbes.com/sites/greatspeculations/2013/08/20/ways-professional-traders-can-save-big-at-tax-time/ What tax mistakes have you made or seen other traders make? Let's have a discussion about it.

Summary: Learn the mistakes traders and tax preparers make before planning and filing taxes, and how to avoid them. By Robert A. Green, CPA Trader tax laws and benefits are complex and nuanced. Far too many traders and tax preparers don’t know the laws or misapply them on tax returns...

We had an excellent Webinar today on this content. Download the free recording. Learn the DOs and DON'Ts of using IRAs and other retirement plans in trading activities and alternative investments Click here http://www.greencompany.com/EducationCenter/InteractiveSeminars.shtml to...

Learn the DOs and DON’Ts of using IRAs and other retirement plans in trading activities and alternative investments http://www.greencompany.com/blog/index.php?postid=186 Alert! Many traders may be triggering IRS excise-tax penalties for prohibited transactions including self-dealing...