Disliked{quote}will strike deal on july-28 2015, be back trading live jan 2016Ignored
If not- I understand. I'm glad you're sorting through it with out going to the klink!
Any US currency traders do your own taxes? I have a question 3 replies
Claiming your trading losses on Taxes 6 replies
What can you write-off your taxes as individual and corporation? 3 replies
Disliked{quote}will strike deal on july-28 2015, be back trading live jan 2016Ignored
Disliked{quote} Congrats! Very happy for you. If you could, give a breakdown of the events and how you handled them? Anything you could that won't jeopardize your identity and security? This is a shining example of tax evasion repercussions (whether known or unknown) that many of us can learn from If not- I understand. I'm glad you're sorting through it with out going to the klink!Ignored
DislikedAnyone knows any taxation on Forex for FInland? Finland does not seem to think Forex as an asset for trading yet. Therefore there are no clear concise conclusion for how much one needs to pay for earnings... I contacted taxation offices but they just say you have to pay according to normal taxation, after the money is in your bank in EUR currency... This does not help much -.- Appreciate all help I can getIgnored
DislikedDenounce yourself as a US citizen (I hear the fee to do this has gone up about 400%?), move to the UK and get a free house off our lovely government and cash benefits each week or two to see you through. Open up a bank account in the cayman islands (cayman national bank or another one, you need roughly $1000 or equivalent to open an account if you're not a cayman citizen....), deposit money into it, deposit money from that into your trading account, smash it and withdraw back to said card, to the spoils.... Of course, the above is all theoretical...Ignored
DislikedYou need to go offshore. Not only in banking but also make a company. You will pay less taxes than you pay in the United States and it's not that much of a hassle if handled through a firm. The best part is that a double tax treaty will likely protect you from problems in future. If you are making good money then go that way. I already have an appointment with a legal firm in two different countries when I go on vacation. No way I pay that high a tax. Fuck that!Ignored
DislikedYou need to go offshore. Not only in banking but also make a company. You will pay less taxes than you pay in the United States and it's not that much of a hassle if handled through a firm. The best part is that a double tax treaty will likely protect you from problems in future. If you are making good money then go that way. I already have an appointment with a legal firm in two different countries when I go on vacation. No way I pay that high a tax. Fuck that!Ignored
Dislikedhttps://www.irs.gov/uac/Offshore-Tax...liance-Efforts I would be the first to go off shore if I were motivated enough and clever enough to see how doing it could work in 2016; clever enough or rather small fry enough to be surviving trading abroad with two brokers. Never had a US broker for forex.Ignored
Disliked{quote} Where would you recommend? Finland is also high taxed country...Ignored
DislikedOne question, Are brokers obliged to provide your statements to the IRS or any tax firm? If so why ?Ignored