Tax and accounting forum

trader56 · Sep 30, 2006

How about a Tax and Accounting forum?

Seems like many here on ET trade frequently and short-term enough to qualify for Trader status as far as U.S. taxes go.

It would also be interesting to know how trader's income is treated in Europe and Asia (among others) in order to allow for comparisons.

I know there have been a few thread topics along the lines of "Where's the Best Place to Live for Trading," and this seems like it would certainly be an important consideration for that topic.

Just a thought...

bigmoose · Sep 30, 2006

Tax forum sounds like a good idea. There also seems to be quite a few business owners, trading on the side here. Their input on business tax strategies might be very helpful.

billp · Sep 30, 2006

Lending my support here. I also would like this forum.

brownsfan019 · Sep 30, 2006

I think that is a great idea!!

Lucrum · Sep 30, 2006

Career Trader

Talk with other traders about taxes, licensing, business entities, hedge fund formation, and other aspects of trading for a living.

http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=24

achilles28 · Oct 1, 2006

I agree. We need a forum dedicated solely to tax minimization strategys, banking, etc.

snooptrader · Oct 1, 2006

Yes, and instead of a "Stocks" forum, we need a forum for each individual stock.

Thanks.

:eek:

achilles28 · Oct 1, 2006

Booo!

brownsfan019 · Oct 1, 2006

Quote from snooptrader:

Yes, and instead of a "Stocks" forum, we need a forum for each individual stock.

Thanks.

:eek:

Not sure I follow Snoop - are you saying that there is a tax area already and this recommendation is just expanding a current area? That is how I read your post - there is already a stocks forum and then you say we could have a forum per stock. Maybe I missed it, but I don't see a tax/accounting forum area.

late apex · Oct 2, 2006

I think what TL Trader is pointing out above is that "Career Trader" forum is already there for tax / accounting issues discussion, based on that forum's defined scope (as shown under its name).

Perhaps a better forum name might be something along the lines of "Trading as a Business" or "The Business of Trading", but the appropriate area for tax / accounting does exist.