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Frequently
Asked Tax Questions
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Should
trade in a legal entity such as a Corporation, LLC, or trust? |
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| Answer: |
With
the many methods available for trading
as a business, choosing the right structure is critical. We
strongly recommend the help of a professional that understands
trading. Without careful consideration, a legal entity could cause
potential tax traps, audit risk, and legal liability.
Everyone’s
circumstance is different so be extremely vigilant if you receive
a generic recommendation. With our free trader tax plan service,
we will carefully draft a plan with legal tax reduction strategies
based entirely on your individual situation. If appropriate, we
will make the proper recommendations for which entity structure
will be best for your situation. For more information on this
service, visit our Trader
Tax Plan section.
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