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So You Want to Become a Day Trader? Here’s How
Does the idea of spending your days buying and selling stocks in an effort to turn a profit excite you? If so, you might be thinking about trying to become a day trader. Thanks to the rise of the internet, more and more day traders have been popping up over the last 20 years or […]
Mark-to-Market Election Explained
If you’re an active trader, you could benefit from what’s called mark-to-market election in a big way. It can be especially useful for those who are just starting to make their mark in the world of trading. There are some very strict IRS guidelines surrounding mark-to-market election, which means that not everyone will be able […]
Four Tips for Succeeding as a New Trader
There are thousands of Americans earning a living every day by day trading. That might lead you to believe that you, too, can turn yourself into a day trader. You can, but before you get started, it’s important for you to make the proper preparations. You should take the time to learn some tips that […]
Benefits of Outsourced Bookkeeping Services for Your Trader Business
As an active trader, you have a lot of different things on your plate on any given day. You need to stay up on what’s happening with the stock market so that you can make transactions that make sense for you. You also need to put in work to complete transactions in a timely fashion […]
All About the Wash Sale Rule
If you buy and sell stocks on a regular basis, you should take the time to educate yourself about the wash sale rule. The wash sale rule was instituted into the U.S. tax code as part of IRS Code 550, and it’s a very important rule for those who buy and sell stocks. It’s designed […]
Business Entity Formation Types
All businesses are not created equal. There are differences in ownership, control, and taxation. It’s important to understand the various types of businesses before starting one. Here is a brief overview of the different business entity formation types:
2018 Tax Changes
When you file your 2018 taxes at the top of next year, you’re sure to notice some new elements as a result of the changes made to the tax laws in 2017. There were major tax reforms that were passed by Congress, and they could impact the taxes you owe or the refund you get […]
Tips For Day Traders
Are you a novice in day trading? When it comes to day trading, you need to understand the fundamentals of day trading first and foremost. Take some time to discover and learn several strategies that professional traders are practicing on a daily basis. Get a familiarity with analyzing charts, study the current markets; for this […]