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Personal and Business Taxes for Active Traders

Our philosophy here at Trader’s Accounting is quite simple: you trade, we’ll handle the rest. As one of the nation’s leading resources for trader-focused accounting, we provide personal and professional tax preparation, planning, and consulting services designed specifically for active traders. Our goal here it to help traders like you maximize efficiency, minimize liability, and uncover long-term wealth-building opportunities. 

While we serve a wide range of clients, including both individuals and small businesses, our specialty lies in helping day traders navigate the complexities of IRS rules and trading tax law.

The Form 1040 is filed to report income, deductions, credits, etc., which are attributable to individuals. The form is due on April 15, each year but can be extended six months. An extension of time to file the return is not an extension of time to pay the tax due. Also, filing for an extension of time is not an audit trigger. A hastily prepared and inaccurate income tax return filed by the original due date is much more likely to be audited than a carefully prepared one filed by the extended due date.

First time clients subject to a $100 setup fee


Attributable to partnerships such as General Partnerships, LLCs taxed as partnerships, and Limited Partnerships. The form is due by March 15th and can be extended six months. Filing for an extension of time is not an audit trigger. A hastily prepared and inaccurate income tax return filed by the original due date is much more likely to be audited than a carefully prepared one filed by the extended due date.

First time clients subject to a $100 setup fee


The Form 1120 is filed to report income, expenses, credits, etc., which are attributable to a C-Corporation. The form is due on the 15th day of the fourth month following the corporation’s year-end but can be extended six months. An extension of time to file the return is not an extension of time to pay the tax due. Also, filing for an extension of time is not an audit trigger. A hastily prepared and inaccurate income tax return filed by the original due date is much more likely to be audited than a carefully prepared one filed by the extended due date.

First time clients subject to a $100 setup fee


The Form 1120S is filed to report the income, expenses, credits, etc., which are attributable to an S-Corporation. The form is due by March 15th and can be extended six months. An extension of time to file the return is not an extension of time to pay the tax due. Also, filing for an extension of time is not an audit trigger. A hastily prepared and inaccurate income tax return filed by the original due date is much more likely to be audited than a carefully prepared one filed by the extended due date.

First time clients subject to a $100 setup fee


The Form 5500 is an annual return/report that employers sponsoring employee benefit plans must file with the U.S. Department of Labor (DOL), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC). It provides information on the plan’s financial condition, investments, and operations to ensure compliance with the Employee Retirement Income Security Act of 1974 (ERISA).

First time clients subject to a $100 setup fee


The Form 2553 is an IRS form used by an eligible corporation or other entity (like an LLC) to elect to be taxed as an S corporation for federal tax purposes.

First time clients subject to a $100 setup fee


The Form 3150 “mark-to-market election” refers to an election available to qualifying traders in securities or commodities under Internal Revenue Code Sections 475(e) or 475(f). 

First time clients subject to a $100 setup fee

Comprehensive Trader Tax Preparation Services

Tax preparation for traders requires expertise beyond just standard accounting. The IRS treats trading income differently than traditional earned income, which means filing the correct forms and filing them correctly is critical.

Personal Tax Returns (Form 1040)

Our accountants prepare and file Form 1040 for your individual income tax return, ensuring all trading activity is properly documented and all eligible deductions are applied.

LLC Tax Returns (Form 1065)

Partnerships and multi-member LLCs file Form 1065 to report income, gains, losses, credits, and deductions. While the entity itself doesn’t pay taxes all profits and losses flow through to members’ individual returns. We handle every step of your LLC’s tax return with accuracy and efficiency.

C Corporation Tax Returns (Form 1120)

C Corporations must file Form 1120 to report income, deductions, and calculate tax liability. Our team prepares and files your corporate returns while identifying opportunities for better tax planning and reduced liability.

Foreign Financial Accounts (FinCEN Form 114)

If you hold financial interests or signature authority over foreign accounts, you may be required to file a FinCEN Form 114. We manage this separate filing process for you, ensuing proper disclosure and compliance with IRS and FinCEN regulations.

Have Questions?

Call us on 800-938-9513 to discuss trader tax preparation services.

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