I was sitting in my accountant’s office one stormy February day years ago during the “learning phase” of my options trading career. I had lost ninety five thousand dollars that year learning all the ways to not trade options. As I scanned the leather volumes lining the polished hardwood shelves of the conference room where our meeting was being held, I reviewed the past year in my mind trying as always to find the good in the disaster. “Well for one thing” I mused, “I can sure use that ninety-five thousand dollar deduction this year”.

My accountant’s words woke me out of this reverie like a face full of ice water. “You can only deduct a maximum of three thousand dollars per year in losses he calmly droned. Any losses beyond that will have to be carried forward to subsequent years”. What??!!! Ninety-five thousand divided by three thousand means I wouldn’t be able to write off the whole loss for 31 ½ #!!%*&# years!!!

Sound familiar? How would you like an accountant that actually knows the rules on options trading versus the one you use now that acts like he does? When I discovered Traders Accounting and took its President Jim Crimmins out to lunch I was amazed at the treasure trove of information rattling around in this man’s head, information that has the power to put a giant wad of cash right in your pocket. Like if you make the right selection at the beginning of the year you can deduct

EVERY SINGLE PENNY OF YOUR LOSSES THE YEAR YOU MADE THEM!
Hallelujah, Praise the Lord, It’s about time!

           I had a very clever boss once, a shrewd self-made millionaire. He told me something I’ll never forget. He said saving money on taxes will be the easiest money you ever make, because you’ve already made it (the hard part) now all you have to do is claim it. Think about it for a second, as options traders we do back flips to find the perfect options trading platform so we can route our orders to the right options exchange saving maybe ten cents in the process. We’ll switch brokers in a heartbeat to save five bucks a trade. We’ll subscribe to real time quotes at a hundred bucks a month so as not to miss a single tick of the market without ever realizing that

TAXES ARE OUR BIGGEST TRADING EXPENSE BY FAR!!! 

            And yet what in the heck are you doing about them? One of my heroes Ronald Reagan once said “Every American has a patriotic duty to pay the minimum amount of taxes they lawfully owe” (one of the things I loved about the man is he realized like few politicians do that surplus money is not well served by the Federal Government, they view it as a mandate to spend even more).

            Ever hear about the “Wash Sale Rule”? This is a clever little piece of tax code our friendly horned demons down at the IRS dreamed up. It says that if you buy back a stock (or an option) you sold within 30 days it’s like you never sold it in the first place! So you buy Microsoft at 60 it drops to 55 and you sell out. Then five days later when the stock is at 50 your indicators tell you to get back in so you buy again. When you bought at 60 and sold at 55 you thought you had a five dollar loss (only because you did). Think again. According to the twisted thinking at the IRS, since you bought the stock back within 30 days they don’t recognize the loss and you my friend are screwed!

TRUE ACCOUNTANT WAR STORY…

            A gal in Alaska incurred a $120,000 dollar loss actively trading options one year (she obviously wasn’t one of my subscribers). She turned her taxes over to her accountant and naturally assumed she would be able to deduct the loss. She grew faint when informed she could only deduct 3000 of that loss per year but it turns out that was the least of her worries. After the accountants had a chance to review her trade record under the Wash Sale Rule she now showed a $60,000 dollar gain!!!!  

             Her mind instantly turned to jelly and they hauled her away strapped to a gurney babbling to herself, she would have eventually recovered but she couldn’t afford the medication.

             Not planning on losing money you say? Well get this, if you trade in your own name the IRS won’t even let you deduct your options trading expenses against your profits. Expenses like highly necessary and profitable newsletters (the scoundrels!)

             So comrade it’s obvious they’re trying to take our lunch money every which way from Sunday, so what can we do about it? The aforementioned Jim Crimmins and his tireless team of tax hounds have spent countless hours delving deep into the bowels of the tax code (a job you wouldn’t wish on your worst enemy) and have come up with some amazing solutions right out of the IRS Code Book.  They put together an incredible package you have to get your hands on--in fact Jim tells me his "average" customer saves over $6000 dollars taking advantage of traders tax breaks no one (including their tax preparer) ever told them about!!! Averaged out that's over $500 dollars worth of free cashflow every month! Take a look at everything Trader's Accounting is including in their latest  package and see if you don't agree this is something you need to get your hands on right away...this package is literally...the treasure map for getting your money back!

       
Click Here to Find Out More About the
Tax Secrets For Traders Package
Because
The only money that counts is the money you keep.