The NEW Trader's Tax Solution: Money-Saving Strategies for the Serious Investor / Edition 2

The NEW Trader's Tax Solution: Money-Saving Strategies for the Serious Investor / Edition 2

by Ted Tesser, Marketplace Books
     
 

ISBN-10: 0471209996

ISBN-13: 9780471209997

Pub. Date: 02/11/2002

Publisher: Wiley

THE EXTENSIVELY REVISED GUIDE TO REDUCING TAX LIABILITY FOR THE TRADER AND SERIOUS INVESTOR

This comprehensive guide is completely updated with information and strategies for tackling the new 2001 Tax Law. CPA and expert tax consultant Ted Tesser provides current solutions for the tax problems facing most U.S. traders, investors, and income earners

Overview

THE EXTENSIVELY REVISED GUIDE TO REDUCING TAX LIABILITY FOR THE TRADER AND SERIOUS INVESTOR

This comprehensive guide is completely updated with information and strategies for tackling the new 2001 Tax Law. CPA and expert tax consultant Ted Tesser provides current solutions for the tax problems facing most U.S. traders, investors, and income earners today–excessive tax payments to federal and local governments, insufficient preparation for retirement, and, ultimately, the fate of bequests.

Here are invaluable business, estate, retirement planning, and tax-saving strategies that virtually anyone can implement within the new tax laws. Included is specific information to help traders reduce their tax liability, with individual case studies, real-world examples, and model tax returns. In this book, Tesser shows everyone concerned:

  • How to disinherit the federal government
  • How Trader Status is upheld, even under audit
  • How to augment underfunded retirement plans
  • How to master the basics of estate tax planning
  • How to use the annual gift tax exemption
  • How to integrate the "triple crown"–Tesser’s latest strategy for tax avoidance and wealth accumulation–into your trading plan

. . . and much more.

Keep the profits you work so hard to earn, whether from trading, investing, or simply working–and take control of your financial destiny. With The NEW Trader’s Tax Solution, the choice between building wealth and just getting by is yours.

With the "triple crown," you will learn how to unleash the full power of Trader Status by combining it with a Trading Entity. You will also learn how to establish a Welfare Benefit Trust to accomplish all these goals and more. This program enables you to take advantage of little-known facets of the tax law that have been on the books for almost three-quarters of a century. You will learn how to:

  • Contribute and deduct substantial amounts of money over any period of time
  • Grow the principal in a fully tax-deferred, 100% secure environment
  • Access the money at a future date, not limited by age, income, or retirement plan status
  • Avoid the restrictions of ordinary retirement plans by using the same techniques that have been used by America’s largest corporations since 1928

This is not something that someone sat around in some back room and hypothetically thought about. Rather, this is a strategy that is currently being used by those savvy enough to understand and enact it. The New Trader’s Tax Solution makes this program accessible to virtually anyone by laying it out clearly and showing you exactly how to do it!

Get the government to pick up the tab on this year’s trading profits, foot the bill for any trading losses, and increase your wealth by 50%, instantly. After putting Trader Status on the map, Tesser now takes it to another dimension, complete with real-world case studies, illustrations, templates, and filled-out, ready-to-be-filed tax forms.

Product Details

ISBN-13:
9780471209997
Publisher:
Wiley
Publication date:
02/11/2002
Series:
A Marketplace Book Series, #3
Edition description:
Revised & Updat
Pages:
534
Product dimensions:
6.36(w) x 9.30(h) x 1.69(d)

Table of Contents

Preface.

Acknowledgments.

Introduction: We Are All Traders!

The Basics of Accumulating Wealth and Keeping It.

The Trader's Tax Solution.

Recent Trader Cases.

The 1997 Trader's Tax Act— The Most Significant Changes for the Trader and the Investor Since 1986.

The Tripple Crown.

Providing for a Wealthy Retirement.

They Don't Make Hearses with Luggage Racks.

Income and Expenses: A Review.

New World Retirement Planning.

New World Estate Planning.

The Double Play: To Give Is But to Receive!

The Layup: It's Just a Matter of Trust.

The Home Run: A Way to Double Your Exemptions.

Modern Day Miracles—Chalk Up a Few for the Good Guys.

Knowing Your Limits: How Far Can You Go?

101 Tax-Reduction Strategies.

Appendix A: Investment/Trading Vehicles and How to Report—Tax Consequences.

Appendix B: Deductions Related to Investment and Trading Activities.

Appendix C: The VEBA—Code Sections.

Appendix D: The VEBA—Court Cases.

Appendix E: Other VEBA Rulings.

Appendix F: 166 Frequently Asked Questions and Answers.

Appendix G: Trader Tax Return Examples and the 475 Election.

Appendix H: Logs and Journals.

Appendix I: It's All a Matter of Time (The Reality of the Wash Sale Rule.

Notes.

Disclaimer.

About the Author.

Index.

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