In this session, current developments, year-end planning, business treatment, key tax elections, entities, and retirement plans. In this session, you will learn:
• Tax changes and reform are in the works, including expiration of Bush-era tax cuts. Learn what tax moves to make before the year-end 2012 to improve your situation.
• The IRS phased in controversial cost-basis reporting rules for securities in 2011 and 2012. Will brokers botched 1099-Bs again? Learn how to file Form 8949 for tax year 2012, and avoid it all together in 2012.
• Learn how to save $8,000 to $25,000 or more with trader tax status and discover key trader tax strategies and tax elections. Investors have important elections to make. Learn how to qualify for and claim trader tax status even after the year-end. There are key tax treatment differences between securities, futures, all types of options, ETFs, forex, precious metals, and more. In some cases, you can choose which tax treatment is best for you. Entities are a way to avoid the red flags associated with Schedule Cs for sole proprietor business traders, and they unlock additional tax breaks, including retirement plans and health insurance premiums. Learn about the best types of entities and retirement plans for traders.

Content Pending