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Interview with Tax Accountant Colin Cody
http://www.tigersharktrading.com/articles/6845/1/Interview-with-Tax-Accountant-Colin-Cody/Page1.html
By Tim Bourquin
Published on 12/26/2006
 
Tim Bourquin interviews tax accountant Colin Cody, who talks about who qualifies for trader status with the IRS, what it means in terms of deducting losses and expenses, how it differs from trading through an LLC or corporation, and what you need to do to elect the "mark-to-market" strategy on your taxes.
Interview with Tax Accountant Colin Cody

Colin Cody is a CPA and the owner of TraderStatus.com. Here we talk about who qualifies for trader status with the IRS, what it means in terms of deducting losses and expenses, how it differs from trading through an LLC or corporation, and what you need to do to elect the "mark-to-market" strategy on your taxes. A great primer for those traders who want to learn more about writing off losses and trading expenses without having to actually sell your positions.

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Tim Bourquin is the co-Founder of the Online Trading Expo and the Forex Trading Expo and CEO of TNC New Media, a tradeshow and online media company.  Click here for details and to register for TraderInterviews.com LIVE!