The NEW Trader's Tax Solution: Money-Saving Strategies for the Serious Investor (A Marketplace Book) [Hardcover]

Ted Tesser (Author), Marketplace Books (Author)

Book Description

Publication Date: January 2002 | ISBN-10: 0471209996 | ISBN-13: 978-0471209997 | Edition: 2

Updated and revised, this new edition covers all business planning issues and provides tax-saving strategies, explaining in detail what is deductible and what documentation is required. Individual case studies, real-world examples, and model tax returns provide the answers traders need. Plus, this guide provides solid advice on handling an audit and reveals what is likely to trigger one.

Editorial Reviews

From the Inside Flap

THE EXTENSIVELY REVISED GUIDE TO REDUCING TAX LIABILITY FOR THE TRADER AND SERIOUS INVESTOR

This comprehensive guide is completely updated with information and strategies for tackling the new 2001 Tax Law. CPA and expert tax consultant Ted Tesser provides current solutions for the tax problems facing most U.S. traders, investors, and income earners today–excessive tax payments to federal and local governments, insufficient preparation for retirement, and, ultimately, the fate of bequests.

Here are invaluable business, estate, retirement planning, and tax-saving strategies that virtually anyone can implement within the new tax laws. Included is specific information to help traders reduce their tax liability, with individual case studies, real-world examples, and model tax returns. In this book, Tesser shows everyone concerned:

• How to disinherit the federal government
• How Trader Status is upheld, even under audit
• How to augment underfunded retirement plans
• How to master the basics of estate tax planning
• How to use the annual gift tax exemption
• How to integrate the "triple crown"–Tesser’s latest strategy for tax avoidance and wealth accumulation–into your trading plan

. . . and much more.

Keep the profits you work so hard to earn, whether from trading, investing, or simply working–and take control of your financial destiny. With The NEW Trader’s Tax Solution, the choice between building wealth and just getting by is yours.

With the "triple crown," you will learn how to unleash the full power of Trader Status by combining it with a Trading Entity. You will also learn how to establish a Welfare Benefit Trust to accomplish all these goals and more. This program enables you to take advantage of little-known facets of the tax law that have been on the books for almost three-quarters of a century. You will learn how to:

• Contribute and deduct substantial amounts of money over any period of time
• Grow the principal in a fully tax-deferred, 100% secure environment
• Access the money at a future date, not limited by age, income, or retirement plan status
• Avoid the restrictions of ordinary retirement plans by using the same techniques that have been used by America’s largest corporations since 1928

This is not something that someone sat around in some back room and hypothetically thought about. Rather, this is a strategy that is currently being used by those savvy enough to understand and enact it. The New Trader’s Tax Solution makes this program accessible to virtually anyone by laying it out clearly and showing you exactly how to do it!

Get the government to pick up the tab on this year’s trading profits, foot the bill for any trading losses, and increase your wealth by 50%, instantly. After putting Trader Status on the map, Tesser now takes it to another dimension, complete with real-world case studies, illustrations, templates, and filled-out, ready-to-be-filed tax forms.

From the Back Cover

Praise for The First edition

"Here’s my advice: first, design a trading strategy that gives you an edge in the markets; second, trade your strategy with precision and steadfastness; third, study The Trader’s Tax Solution and apply Tesser’s principles to your taxes and financial planning. If you’re a trader or investor who wants to keep the maximum possible amount of the money you’ve earned, your copy of The Trader’s Tax Solution will be worth its weight in stock certificates!"
–Thomas A. Bierovic, Manager
Strategy Testing & Development, Omega Research, Inc.

"I have heeded Ted Tesser’s advice for many years. His background, knowledge, and experience have been invaluable in saving me an enormous amount of money over the years. This book is my bible for financial and tax strategies."
–Bill M. Williams, PhD, CTA
Professional trader and President, The Profitunity Trading Group

"Taxes can be the largest single expense for a successful trader. Ted Tesser draws on his experience as both a CPA and successful trader to show you how to minimize this expense. This book is clearly written, practical, and comprehensive. Deserves a place on every trader’s bookshelf."
–Sheldon Knight, President, K-Data, Inc.

"Ted Tesser is one of the nation’s foremost experts on investment taxation. In this definitive guide to reducing and even eliminating whole classes of tax exposure, Ted presents a wealth of solid tax strategies that investors and traders will find indispensable."
–Nelson Freeburg, Editor, Formula Research

"Ordinarily a ho-hum subject, Tesser has made reading about taxes for traders enjoyable. This book is not only a fun read, it is an invaluable reference. The Trader’s Tax Solution contains everything a trader needs to know about taxes."
–Sunny J. Harris, President, Sunny Harris & Associates, Inc.
Author, Trading 101: How to Trade Like a Pro,
Trading 102: Getting Down to Business, and Electronic Day Trading 101

See all Editorial Reviews

Product Details

• Hardcover: 534 pages
• Publisher: Wiley; 2 edition (January 2002)
• Language: English
• ISBN-10: 0471209996
• ISBN-13: 978-0471209997
• Product Dimensions: 9.2 x 6.2 x 1.7 inches
• Shipping Weight: 2.9 pounds
• Average Customer Review: 3.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #682,707 in Books (See Top 100 in Books)

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Most Helpful Customer Reviews

32 of 35 people found the following review helpful:

3.0 out of 5 stars The tittle is somewhat misleading, December 21, 2003

By 

A trader (Seattle, WA United States) - See all my reviews

This review is from: The NEW Trader's Tax Solution: Money-Saving Strategies for the Serious Investor (A Marketplace Book) (Hardcover)

[...] After reading the book, (BTW, I bought it nearly one year ago) I realized it doesn't provide detailed solutions that might help us do-it-yourself folks to prepare tax returns, if, for instance, you're a Security trader.
The book, however, is a very good start where one may find a quite complete education on tax and estate planning, and where one may find further info. It provides many real life court cases, involving tax filings, with comments. [...] this is not a "how-to" book. For instance, it doesn't tell me how to complete Form 3115 line by line, rather it explains the purpose of the Form and the key points one must know about the Form.
The number of issues covered in the book may be more than what one needs to know. All in all, it is a very good text for those who care to know more about their money and taxes, and the nasty surprises that IRS has in store for the unprepared.