Help With Trading Taxes


I had this question come in yesterday regard finding a tax professional to help with trading related issues.

Hi John,

I have started trading several times a day now and am in need of a good tax person here in Orange County – I made 30 fruitless calls and wasted 2 hours in Irvine yesterday – no-one knows much about mark-to-market elections, wash sale rule or trading strategies.

Is there anyone you could recommend or could you suggest how I could locate a good tax person?

Thanks for a good website!

Regards,

Peter

I don’t personally know any tax professionals in Orange County (that’s Southern California near Los Angeles for those not in the geographic know :-) ), but I know some readers of this blog are from that area. If you happen to know someone Peter might be able to use, please let me know and I will pass the info along.

Now, in general terms there is a group who’s focus is on taxation related to traders. That’s www.tradersaccounting.com. I have never dealt with them, so I can’t provide any specific referal information here. I just found them while looking around on the web some time back. One of these days I would like to get someone from there to do some kind of educational thing for my mailing list, but I haven’t gotten around to making the inquiries yet.

If you happen to have any feed back on Traders Accounting or any other group, or anything else related to tax preparation for US traders (in this case), please leave a comment and let us know.

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About the Author
John Forman, author of this blog, has traded for more than 20 years, is a professional market analyst, and authored The Essentials of Trading. He is an active participant in trading forums, consults for trading related businesses, as published literally dozens of trading articles, and has been quoted in a number of books and in the media.
** See John’s full bio.

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  • http://www.zcpa.net Emil Estafanous, CPA

    Hi Peter and John,

    I am a CPA located in Norwalk, not far from Irvine, I am trader also myself, I trade equities and futures and have prepared many tax returns for traders before. You welcome to contact me via e mail or phone 562-868-6333 for more information.

    Emil Estafanous, CPA

    • http://www.theessentialsoftrading.com John

      Thanks Emil. I’ll make sure Peter gets your contact info.