TRADERS
SERVICES: IRS EXAMS


Win your exam before it even gets started. With our help, file a tax return that doesn't attract attention. If you have trouble, win in appeals with our help. We just won another big IRS exam on trader tax (read our client testimonial).

The Traders Podcast with Rob Booker. Interview of Robert A. Green, CPA
Episode 57: What to Do If You Get Audited for Traders.

http://traderspodcast.com/episode57/. Monday, June 25, 2012. It's around 27 minutes.
See the full description by Rob Booker.
We have a full chapter on IRS exams in Green's 2012 Trader Tax Guide.

GTT represents you before the IRS and/or state tax authorities.

IRS and/or State Tax Exam - 30 Minute Consultation

$150

IRS and/or State Tax Exam Representation - Retainer*

* Please only purchase this retainer, after you first complete a consultation with our CPAs; to see if we agree first that we can add value by representing you.

$1,000

See many testimonials about our successful exam services. Click here.

We have the fewest traders examined, and the best record in dealing with the IRS
Less then a hand full of our trader preparation clients have been examined by the IRS over the past four years, since the new trader tax laws were passed. To date, we have won all exams, but a few are still in progress and are proving to be protracted.

Our competitors are actually causing their traders to be examined, and their traders have no choice but to hire GTT to fix and win their case.

We have also been engaged by many traders who want us to represent them before the IRS after their tax preparer botched their returns. Wow! We can't believe all the horrible work we have seen, including many returns done by our copy cat competitors who profess to be trader tax experts.

In many cases, we believe the tax preparers caused the exam. For example, one of the most famous trader tax experts tells traders to report mark-to-market trading losses on Schedule C (Profit or Loss from Business). He probably has his firm prepare returns this way, as well. This is entirely wrong, as mark-to-market trading losses are reportable on Form 4797. Any trader can find this information on the IRS Web site (search for Day Trader). See our Alert page for more information about the sloppy and erroneous work done by our would-be competitors.

What you should do if you get an IRS exam notice?
We highly recommend that you fax us (at 212-658-9502) your IRS tax notices and replies, as well as the tax return being examined. See our Privacy Policy. We keep your fax and tax information entirely confidential. We will quickly reply to you if we think we can help and win your case. We don't want to take on the aggravation of a potentially losing case.

How our exam representation service works
If we think we can win, we will give you an idea of how much time we will spend on your case and request a retainer of $500. We then have you sign a Power of Attorney for our GTT CPAs to deal directly with the IRS. We call the IRS agent and reschedule the exam so that it is conducted by e-mail and mail. This is great, since now you don't have to have the IRS visit you or go to visit them. You are relieved from the entire process, which is good, since agents like to intimidate taxpayers. Now, however, the shoe is on the other foot. GTT, the recognized expert in trader taxation, will have to educate the agent, who is now intimidated because he or she doesn’t know the trader tax law as well as is necessary.

In most cases, we can win the exam right off the bat simply by explaining trader tax status, why you qualified for it and how you reported it correctly. Many times, we have to prepare a corrected tax return first to fix all the botched errors made by your initial tax preparer. Sometimes, there are more tax benefits in the correct return, other times there are errors that cost you money. We have to present a correct return.

The IRS respects GTT and, if necessary, we bring in the big guns from the IRS office who are writing the trader tax laws and are familiar with Robert A. Green, CPA (who has been working with them from day one on these new laws).

If you have any questions, send us a confidential e-mail at info@greencompany.com or call us at (203) 938-4716. We will tell you the next step to take. Remember, we won’t seek a retainer to sign you up unless we are confident we can win your case.

Client Testimonial on GreenTraderTax IRS Exam Services:
From: Mxxxx Kyyyy [mailto:mkyyyy@gmail.com]
Sent: Friday, October 12, 2012 5:48 PM
To: rgreen@greencompany.com
Cc: dking@greencompany.com; Mark Feldman, Esq.; Amanda Smitson, CPA; dneuschwander@greencompany.com; Mindy Bartholomew
Subject: Re: Kyyy IRS call

Dear Mr. Green and the team,
As all of you know by now, this has been a difficult time for me as well as my family for past few years. However, without Mr. Green's leadership, expertise, Knowledge, and rest of this team efforts I would have been in worse situation than I am in now.

I cannot find words especially at this happy time to express myself and show my gratitude for all of the work every one of you did to put this case together to show my true Intention for this business.

My special thanks goes to Deborah King with her detail work and knowledge, Amanda Smitson for her skill and communication, Mark Feldman with his experience and representation, Darren Neuschwander with his review effort and last but not least Mindy Bartholomew with her patience.

Again, awesome job and team work; not only I congratulated myself but also every one of you who was part of this case deserve a big kudos.

Add another big win for Green & Company, Inc.

Regards,
Mxxxx

Tax Planning for Net Investment Income (May 9)

Highlighted Recent Recordings:
*A Trading Business Entity Is Better Than A Sole Proprietorship
*Trader Tax Benefits & Elections To Make By April 15
* 2013 Trader Tax Law: What You Need to Know NOW
*2012 Tax Extensions & Section 475 MTM Elections
*2012 Trader Tax Preparation Examples & Tips
*Active Forex Traders Benefit From Trader Tax Status
*Tax Benefits from Trading Section 1256 Contracts
*How Traders Deduct Education
*Updates: Trader Tax, Form 8949 vs. 1099-B problems, & Forex
*Taxes for Options Traders
*Best Entities for Traders and Investment Management
*Launching an Incubator Hedge Fund

Trader Tax

Tax Tools

Highlights:

May 5: Petition on RallyCongress.com for the Net Investment Tax Read More

May 1: The IRS needs to fix their proposed regulations for the Net Investment Tax Read More

March 31: PFG investors can deduct theft losses on 2012 tax returns with Rev. Proc. 2009-20 safe harbor relief. That’s great news! Read More

March 20: Extensions & Section 475 MTM elections are due by April 15 Read More

March 7: MF Global & PFG Best deposit losses have nuanced tax treatment Read More

March 5: Caution, downloading securities Form 1099-Bs into TurboTax often leads to incorrect tax filings Read More

Feb. 5: Green’s 2013 Trader Tax Guide is our best ever Read More

Jan. 5: Post fiscal cliff tax planning for traders Read More

Dec. 7: New entities effective Jan. 1, 2013 reap many tax benefits Read More

Dec. 4: Investors in hedge funds depend on “assurance” from quality independent CPA firms Read More

Nov. 20: Cost-Basis Reporting Problems and Solutions Read More

Sept 5: High-income traders and ObamaCare’s 3.8% Medicare tax Read More

Aug 22: Proprietary trading Read More

Jun 20: The Best Entities for Traders and Investment Management Businesses Read More

Jun 20: Tax Benefits from Trading Futures & Other Section 1256 Contracts Read more

GreenTrader blog archive, Forbes blog, Benzinga blog.

 




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