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Uncertainty in the tax code makes tax filings for forex traders much too confusing. IRS Notice 2007-71 (established Aug. 27, 2007 ) reverses IRS Notice 2003-81 . IRS Notice 2007-71 narrowly (yet definitively) addresses the tax treatment for "o ... Read more

The Tax Reduction and Reform Act of 2007 (H.R. 3970) is still on the table. If enacted, it could have profound tax consequences for traders. By Robert A. Green, CPA You all know the popular line, "There are two things that are certain in life: death and taxes." Th ... Read more

December 19, 2007 Another annual "patch" for AMT in 2007. As a short-term remedy ("extender" or "patch"), while big tax change proposals are being debated (which include AMT), Congress once again acted to temporarily fix AMT for the current tax year (2007); in the same way they have patched i ... Read more