Trader Tax Issues To Be Examined In Free Webinar

Online, January 22, 2011 (Newswire.com) - Taxation issues for active traders will be explored in a webinar January 26 at 7:00pm Eastern. The webinar, "Tax Efficient Trading," is free and open to anyone interested in the topic. It will be conducted by Jim Crimmins, President of Traders Accounting.

SixFigureTrader Publishing is hosting the webinar as a service to its subscribers and the public to help educate traders about the tax advantages of trading futures and how knowledge of tax issues can help provide additional cash flow for trading.

In general, profits from trading futures contracts are taxed as 60% long term capital gains and 40% short term capital gains, no matter how long the position is held. (Be sure to consult your tax advisor for details and exceptions.)

"We choose to trade futures in part because of the special tax treatment, but taxes are still our biggest expense," said Heyliger; "with the information from Traders Accounting, I hope my subscribers will be generating six figure incomes AFTER taxes."

Additional topics to be included in the webinar include:
• Types of expenses an active trader can take as deductions
• Important actions to minimize 2010 taxes
• Types of business entities available for traders and how to decide which is right for you
• What is mark-to-market and who should and shouldn't elect it
• Taxation of futures and 1256 contracts
• How does a trader's self-directed 401K work and who can set one up?

A free book on tax strategies for traders will be offered to all participants, as well as a trial subscription to Market Trigger Alert for those who pre-register.

To register for the webinar: https://www1.gotomeeting.com/register/405391840

For more information on SixFigureTrader: http://budurl.com/SFTsp.

About Traders Accounting
Traders Accounting is a professional tax advisor specializing in active traders. Its products and services provide a comprehensive method for building and operating a trading business, including entity formation, bookkeeping, tax preparation, pension plans and business consulting. With clients throughout the country, the Arizona firm's mission is to develop and provide specialized products and services for active traders which minimize tax, reduce liability risk and provide wealth building and wealth preservation opportunities. Jim Crimmins, the founder and President of Traders Accounting, is a nationally known speaker who travels extensively to deliver his message to trading schools, trading clubs and expos around the country. Jim, a former college professor, mixes humor with tax facts to teach his students.

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Contact:
Chris Pillsbury
[email protected]