A trend is not your friend The IRS won a few tax court cases over the past few years; disallowing trader tax status and IRC Section 475(f) mark-to-market accounting (MTM, ordinary loss treatment) for "close call" traders. Unfortunately for all business traders, a ... Read more
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Robert A. Green, CPA is CEO and founder of Green & Company CPAs, LLC (GreenTraderTax.com and GreenTraderFunds.com), a virtual tax and accounting firm catering to traders and investment management businesses; Green & Company Inc., a publishing company; and Traders Association, an advocacy association for traders. He is a leading authority on trader tax and hedge funds. Mr. Green writes the "Business of Trading" section for Active Trader magazine. He is also the author of The Tax Guide for Traders (McGraw-Hill 2004), Green's 2009 Trader Tax Guide (W&A Publishing 2009), and the annually-published GreenTrader tax return examples guides. Mr. Green is frequently interviewed and has appeared in the Barron's, Wall Street Journal, Forbes, Fortune, Fidelity Investments and other newsletters, and many other media. Mr. Green has also appeared on CNBC, Bloomberg Television, Forbes.com Video Network, MoneyShow.com and several radio shows. He is the main tax speaker at the Traders Expo, Forex TradingExpo and other trade shows.