{"product_id":"the-new-traders-tax-solution-isbn-9781592801909","title":"The New Trader's Tax Solution","description":"\u003cp\u003eThe Thoroughly Updated Guide to Reducing Tax Liability for the Trader and Serious Investor\u003c\/p\u003e \u003cp\u003eWhat would you do to increase your trading profits by as much as 50%? Most traders and investors would do whatever it takes. Those same traders will much to often what the profits earned with their blood, sweat and tears shrink considerable as they prepare their tax returns. You have in your hands the easy-to-use tools that will protect your hard earned assets. Packed with proven strategies that reduce your tax exposure this comprehensive guide is completely updated with information and strategies for the most recent tax changes.\u003c\/p\u003e \u003cp\u003eHere are invaluable business, estate, retirement planning, and tax-saving strategies that virtually anyone can implement within the new tax laws. It is simple to use and includes specific information to help traders reduce their tax liability, with individual case studies, real-world examples, and model tax returns. 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. In this book, Tesser shows everyone concerned:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eHow to disinherit the federal government\u003c\/li\u003e \u003cli\u003eHow Trader Status is upheld, even under audit\u003c\/li\u003e \u003cli\u003eHow to augment underfunded retirement plans\u003c\/li\u003e \u003cli\u003eHow to master the basiscs of estate tax planning\u003c\/li\u003e \u003cli\u003eHow to integrate the \"triple crown\"-Tesser's latest strategy for tax avoidance and wealth accumulation-into your trading plan and much more.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eKeep the profits you work so hard to earn, whether from trading, investing, or hard work-and take control of your financial destiny. The NEW Trader's Tax Solution has puts years of experience at your fingertips.\u003c\/p\u003e \u003cp\u003eWith 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 Wlfare Benefit Trust to accomplish all these goals and more. This program enables you to take advantage of little known facets fot he tax law that have been on the books for almost three-quarters of a century. You'll learn how to:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eContribute and deduct substantial amounts of money over any period of time\u003c\/li\u003e \u003cli\u003eGrow the principle in a fully tax-defered, 100% secure environment\u003c\/li\u003e \u003cli\u003eAccess the money at a future date, not limited by age, income, or retirement plan status\u003c\/li\u003e \u003cli\u003eAvoid the restrictions of ordinary retirement plans by using the same techniques that have been used by America's largest corporations since 1928\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhether you are looking for last minute tax saving tips or trading techniques that position you for the optimal tax reduction, The NEW Trader's Tax Solution is a must-have addition to any trading library.\u003c\/p\u003e \u003cp\u003eGet the government to pick up the tab on this years 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.\u003c\/p\u003e  \u003cp\u003eAcknowledgments xiii\u003cbr\u003e \u003cbr\u003e Introduction: We Are All Traders! 1\u003cbr\u003e \u003cbr\u003e \u003cb\u003e1 The Basics of Accumulating Wealth and Keeping It 3\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e The Foundation—Things You Need to Know 3\u003cbr\u003e \u003cbr\u003e The Basics of Tax Planning 3\u003cbr\u003e \u003cbr\u003e Red, Gray, or Black-and-White? Choose Your Tax Strategy 4\u003cbr\u003e \u003cbr\u003e There Is No Mystery to Saving Taxes 7\u003cbr\u003e \u003cbr\u003e The Paradigm Shift to Tax Freedom 8\u003cbr\u003e \u003cbr\u003e \u003cb\u003e2 The Trader ’s Tax Solution 9\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e There’s Too Much Tax . . . Here’s What You Can Do about It 9\u003cbr\u003e \u003cbr\u003e “Thanks a Million, Uncle Sam.” (Or Should I Say $89,500.49 after Taxes!) 11\u003cbr\u003e \u003cbr\u003e Does Anyone Feel Morally Obligated to Pay the Maximum Income Tax? 12\u003cbr\u003e \u003cbr\u003e How to Direct the Government in Your Best Interests 13\u003cbr\u003e \u003cbr\u003e Investors Are Hit Particularly Hard 16\u003cbr\u003e \u003cbr\u003e The Government’s Free Lunch—Your Tax Return! 17\u003cbr\u003e \u003cbr\u003e Starving the Government—Trader Status 17\u003cbr\u003e \u003cbr\u003e Investor, Trader, or Broker-Dealer\/Market Maker—What’s the Difference? 18\u003cbr\u003e \u003cbr\u003e You May Be a Trader and Not Know It! 20\u003cbr\u003e \u003cbr\u003e Case in Point—Was Louis Yaeger a Trader? 22\u003cbr\u003e \u003cbr\u003e What This All Means 25\u003cbr\u003e \u003cbr\u003e Schedule C—Born to Be Filed 26\u003cbr\u003e \u003cbr\u003e Other Benefits of Claiming Trader Status 28\u003cbr\u003e \u003cbr\u003e It’s Your Business—Why Not Deduct It? 29\u003cbr\u003e \u003cbr\u003e \u003cb\u003e3 Recent Trader Cases 47\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e The Case of Fredrick R. Mayer 47\u003cbr\u003e \u003cbr\u003e The Case of Rudolph Steffler 53\u003cbr\u003e \u003cbr\u003e The Case of Stephen A. Paoli 54\u003cbr\u003e \u003cbr\u003e Trader Status—Other Cases 56\u003cbr\u003e \u003cbr\u003e \u003cb\u003e4 The 1997 Trader ’s Tax Act—The Most Significant Changes for the Trader and the Investor since 1986 58\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e The Top 10 List of Things to Know 58\u003cbr\u003e \u003cbr\u003e Section 475 for Traders of Their Own Accounts 64\u003cbr\u003e \u003cbr\u003e Summary and Conclusion 68\u003cbr\u003e \u003cbr\u003e \u003cb\u003e5 The Triple Crown 69\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e The Most Effective Tax-Saving Strategy I Have Ever Known 69\u003cbr\u003e \u003cbr\u003e Step 1—The Business 69\u003cbr\u003e \u003cbr\u003e Step 2—The Entity 75\u003cbr\u003e \u003cbr\u003e Step 3—The Voluntary Employee Benefit Association 97\u003cbr\u003e \u003cbr\u003e The Triple Crown 111\u003cbr\u003e \u003cbr\u003e \u003cb\u003e6 Providing for a Wealthy Retirement 112\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e The Big Boom of 50-Year-Olds! 112\u003cbr\u003e \u003cbr\u003e Life’s Tough and Then You Retire—How to Make It Easy 114\u003cbr\u003e \u003cbr\u003e Denial Is Not a River in Egypt 115\u003cbr\u003e \u003cbr\u003e See No Evil, Hear No Evil . . . Opening Your Eyes 115\u003cbr\u003e \u003cbr\u003e And the Walls Come Tumbling Down—the Pillars of Retirement Planning 118\u003cbr\u003e \u003cbr\u003e The Tax Factor 119\u003cbr\u003e \u003cbr\u003e Paying My Fair Share Does Not Mean the Maximum Tax I Can Pay 120\u003cbr\u003e \u003cbr\u003e What Lies Ahead—and How Will It Affect Your Retirement? 121\u003cbr\u003e \u003cbr\u003e The Crumbling Pillars 121\u003cbr\u003e \u003cbr\u003e Conclusion: The 10 Deadly Sins of Retirement Planning 127\u003cbr\u003e \u003cbr\u003e \u003cb\u003e7 They Don’t Make Hearses with Luggage Racks 129\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e The Last Laugh 129\u003cbr\u003e \u003cbr\u003e Estate-Tax Planning 101: The Basics 131\u003cbr\u003e \u003cbr\u003e The Unified Gift and Estate Tax 131\u003cbr\u003e \u003cbr\u003e Multiple Choices—A Career in Government or a Career in Government? 136\u003cbr\u003e \u003cbr\u003e A Typical Estate 136\u003cbr\u003e \u003cbr\u003e Your Retirement Plan Gets Hit Worse 137\u003cbr\u003e \u003cbr\u003e Conclusion 142\u003cbr\u003e \u003cbr\u003e \u003cb\u003e8 Income and Expenses: A Review 144\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e Income Defined 144\u003cbr\u003e \u003cbr\u003e Earned and Passive Income versus Investment Income 148\u003cbr\u003e \u003cbr\u003e Unlimited Gains\/Limited Losses 149\u003cbr\u003e \u003cbr\u003e Unlimited Income\/Limited Expenses: The Pig and His Pal 150\u003cbr\u003e \u003cbr\u003e What Is an Expense? The “Four Criteria Deduction Test” 150\u003cbr\u003e \u003cbr\u003e Total Return Investment Plan (TRIP) 151\u003cbr\u003e \u003cbr\u003e Calculation of True Yield 152\u003cbr\u003e \u003cbr\u003e The Risk\/Reward Ratio Revisited 156\u003cbr\u003e \u003cbr\u003e Risk\/Reward Ratio Meets the “Tax Factor” 158\u003cbr\u003e \u003cbr\u003e \u003cb\u003e9 New World Retirement Planning 162\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e Individual Retirement Accounts 162\u003cbr\u003e \u003cbr\u003e Simplified Employee Pension Plans 164\u003cbr\u003e \u003cbr\u003e Qualified Retirement Plans (KEOGHs) 165\u003cbr\u003e \u003cbr\u003e \u003cb\u003e10 New World Estate Planning 170\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e Using the Annual Gift-Tax Exemption 171\u003cbr\u003e \u003cbr\u003e Using Estate-Tax Planning Strategies 173\u003cbr\u003e \u003cbr\u003e Other Considerations in Addressing Estate-Tax Planning 174\u003cbr\u003e \u003cbr\u003e Sixteen Crucial Definitions 179\u003cbr\u003e \u003cbr\u003e \u003cb\u003e11 The Double Play: To Give Is But to Receive! 183\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e Background 183\u003cbr\u003e \u003cbr\u003e To Further Compound the Situation 189\u003cbr\u003e \u003cbr\u003e A CRT and Your Heirs 190\u003cbr\u003e \u003cbr\u003e A Crummey Trust Is Not So Crummy! 191\u003cbr\u003e \u003cbr\u003e To Gift Is But to Receive 192\u003cbr\u003e \u003cbr\u003e Prepay Your Estate Tax for Pennies on the Dollar 193\u003cbr\u003e \u003cbr\u003e The Double Play—Summary 196\u003cbr\u003e \u003cbr\u003e \u003cb\u003e12 The Layup: It ’s Just a Matter of Trust 197\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e How and Why to Set Up a Trust 197\u003cbr\u003e \u003cbr\u003e The Layup—Summary 201\u003cbr\u003e \u003cbr\u003e \u003cb\u003e13 The Home Run: A Way to Double Your Exemptions 202\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e The Basics 202\u003cbr\u003e \u003cbr\u003e The Home Run—Summary 203\u003cbr\u003e \u003cbr\u003e \u003cb\u003e14 Modern-Day Miracles—Chalk Up a Few for the Good Guys 204\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e Trader Status Audit Victories I Have Had 204\u003cbr\u003e \u003cbr\u003e What We Can Learn from All of This 218\u003cbr\u003e \u003cbr\u003e \u003cb\u003e15 Knowing Your Limits: How Far Can You Go? 220\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e Question of Legality 220\u003cbr\u003e \u003cbr\u003e “Only the Little People Pay Taxes” 221\u003cbr\u003e \u003cbr\u003e How the IRS Builds a Criminal Case 222\u003cbr\u003e \u003cbr\u003e The Taxpayer Bill of Rights 224\u003cbr\u003e \u003cbr\u003e Specific Mitigating Circumstances 226\u003cbr\u003e \u003cbr\u003e Your New Rights as a Taxpayer 229\u003cbr\u003e \u003cbr\u003e Significance to the Investor and the Trader 230\u003cbr\u003e \u003cbr\u003e Michael Milken 233\u003cbr\u003e \u003cbr\u003e How to Play for Keeps with the IRS 233\u003cbr\u003e \u003cbr\u003e What Criteria Are Most Important in the Selection of Tax Returns for Audit? 234\u003cbr\u003e \u003cbr\u003e Types of Audit-Selection Processes 236\u003cbr\u003e \u003cbr\u003e Ten Ways to Reduce Your Chances of Being Audited 237\u003cbr\u003e \u003cbr\u003e Playing in the Major Leagues with the IRS 242\u003cbr\u003e \u003cbr\u003e Audit DO’s and DON’Ts 243\u003cbr\u003e \u003cbr\u003e Other Winning Audit Techniques 246\u003cbr\u003e \u003cbr\u003e \u003cb\u003e16 101 Tax-Reduction Strategies 250\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e Conclusion 280\u003cbr\u003e \u003cbr\u003e Appendix A Investment \/Trading Vehicles and How to Report—Tax Consequences 281\u003c\/p\u003e \u003cp\u003eAppendix B Deductions Related to Investment and Trading Activities 291\u003c\/p\u003e \u003cp\u003eAppendix C The VEBA—Code Sections 294\u003c\/p\u003e \u003cp\u003eAppendix D The VEBA—Court Cases 300\u003c\/p\u003e \u003cp\u003eAppendix E Other VEBA Rulings 312\u003c\/p\u003e \u003cp\u003eAppendix F 166 Frequently Asked Questions and Answers 318\u003cbr\u003e \u003cbr\u003e Appendix G Trader Tax Return Examples and the 475 Election 350\u003cbr\u003e \u003cbr\u003e Appendix H Logs and Journals 468\u003c\/p\u003e \u003cp\u003eAppendix I It ’s All a Matter of Time (The Reality of the Wash Sale Rule) 511\u003c\/p\u003e \u003cp\u003eAppendix J Trader Evaluation Questionnaire 515\u003c\/p\u003e \u003cp\u003eNotes 519\u003c\/p\u003e \u003cp\u003eDisclaimer 523\u003c\/p\u003e \u003cp\u003eAbout the Author 525\u003c\/p\u003e \u003cp\u003eIndex 527\u003c\/p\u003e \u003cp\u003eAdditional Resources 541\u003c\/p\u003e \u003cp\u003e\u003cb\u003eTed Tesser\u003c\/b\u003e, CPA, is a partner with Tesser, Horowitz, and Ullmann, Inc., a firm serving clients around the world. He specializes in investment taxation, is an active trader, and is the author of Trader's Tax Survival Guide and the best-selling video Cut your Trading Taxes in Half!\u003c\/p\u003e  \u003cp\u003eThe Thoroughly Updated Guide to Reducing Tax Liability for the Trader and Serious Investor\u003c\/p\u003e \u003cp\u003eWhat would you do to increase your trading profits by as much as 50%? Most traders and investors would do whatever it takes. Those same traders will much too often watch the profits earned with their blood, sweat and tears shrink considerably as they prepare their tax returns. You have in your hands the easy-to-use tools that will protect your hard earned assets. Packed with proven strategies that reduce your tax exposure, this comprehensive guide is completely updated with information and strategies that address the most recent tax changes.\u003c\/p\u003e \u003cp\u003eHere are invaluable business, estate, retirement planning, and tax-saving strategies that virtually anyone can implement within the new tax laws. It is simple to use and includes specific information to help traders reduce their tax liability with individual case studies, real-world examples, and model tax returns. 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. In this book, Tesser shows everyone concerned:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eHow to disinherit the federal government\u003c\/li\u003e \u003cli\u003eHow Trader Status is upheld, even under audit\u003c\/li\u003e \u003cli\u003eHow to augment underfunded retirement plans\u003c\/li\u003e \u003cli\u003eHow to master the basics of estate tax planning\u003c\/li\u003e \u003cli\u003eHow to integrate the “triple crown” –Tesser’s latest strategy for tax avoidance and wealth accumulation—into your trading plan\u003c\/li\u003e \u003cli\u003e…and much more\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eKeep the profits you work so hard to earn, whether from trading, investing, or hard work—and take control of your financial destiny. \u003ci\u003eThe NEW Trader’s Tax Solution\u003c\/i\u003e has put years of experience at your fingertips.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003ePraise for Previous Editions\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“Here’s my advice: first, design a trading strategy that gives you an edge in the markets; second, trade your strategy with precision and steadfastness’ third, study \u003ci\u003eThe Trade’s Tax Solution\u003c\/i\u003e and apply Tesser’s principles to your taxes and financial planning. If you’re trader or investor who wants to keep the maximum possible amount of the money you’re earned, your copy of \u003ci\u003eThe Trader’s Tax Solution\u003c\/i\u003e will be worth its weight in stock certificates?” – Thomas A. Bierovic Manager, Strategy Testing \u0026amp; Development, Omega Research, Inc.\u003c\/p\u003e \u003cp\u003e“I have heeded Ted Tesser’s advice for many years. His background, knowledge, and experience have been invaluable in saving me an enormous amount of money over the years. This book is my bible for financial and tax strategies.” – Bill M. Williams, PhD, CTA Professional trader and President, The Profitunity Trading Group\u003c\/p\u003e \u003cp\u003e“Taxes can be the largest single expense for a successful trader. Ted Tesser draws on his experience as both a CPA and successful trader to show you how to minimize this expense. This book is clearly written, practical, and comprehensive. Deserves a place on every trader’s bookshelf.” – Sheldon Knight, K-Data, Inc.\u003c\/p\u003e \u003cp\u003e“Ted Tesser is one of the nation’s foremost experts on investment taxation. In this definite guide to reducing and even eliminating whole classes of tax exposure, Ted presents a wealth of solid tax strategies that investors and traders will find indispensable.” – Nelson Freeburg, Editor, Formula Research\u003c\/p\u003e \u003cp\u003e“Ordinarily a ho-hum subject, Tesser has made reading about taxes for traders enjoyable. This book is not only a fun read, it is an invaluable reference. \u003ci\u003eThe Trader’s Tax Solution\u003c\/i\u003e contains everything a trader needs to know about taxes.” – Sunny J. Harris, President, Sunny Harris \u0026amp; Associates, Inc. Author, \u003ci\u003eTrading 101: How to Trade Like a Pro, Trading 102: Getting Down to Business\u003c\/i\u003e, and \u003ci\u003eElectronic Day Trading 101\u003c\/i\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990299689189,"sku":"NP9781592801909","price":60.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781592801909.jpg?v=1761787260","url":"https:\/\/k12savings.com\/es\/products\/the-new-traders-tax-solution-isbn-9781592801909","provider":"K12savings","version":"1.0","type":"link"}