Tax Planning & Preparation

Accounting Services

At Trader Tax, we specialize in providing comprehensive accounting services tailored to the unique needs of securities and cryptocurrency traders. Our expertise ensures precise handling of wash-sale loss adjustments, compliant Form 8949 generation for US clients, and meticulous transaction reporting for high-volume trades. We manage the complexities of capital gains calculations and ensure accurate, compliant financial records. With our dedicated approach, traders can focus on their investments, confident that their accounting is in expert hands.

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Financial Reporting

Accurate financial reporting is crucial for traders to monitor their performance and comply with regulatory requirements. Our services include detailed profit and loss statements, balance sheets, and transaction reports. This comprehensive approach provides traders with clear insights into their financial health and assists in making informed investment decisions.

Wash-Sale Rule Compliance

The wash-sale rule, which disallows the deduction of losses on sales of securities if identical or substantially identical securities are purchased within 30 days, is a significant consideration for traders. Our accounting services include precise adjustments for wash-sale losses, ensuring compliance with IRS regulations. This process involves meticulous tracking and reporting of trades to avoid potential penalties.

Cryptocurrency Transaction Reporting

Cryptocurrency trading presents unique accounting challenges due to its high volatility and the complexity of tracking multiple transactions. We offer specialized services to handle these intricacies, ensuring accurate calculation of capital gains and losses. Our approach includes detailed transaction reporting and cost basis calculation.

We Speak Crypto & NFT

Navigating the world of cryptocurrency accounting requires specialized knowledge and precise record-keeping. At Trader Tax, we offer expert services designed to manage the intricacies of digital asset transactions. Our approach includes detailed tracking of all crypto transactions across multiple platforms, ensuring accurate cost basis calculations and capital gains reporting. We stay updated with the latest tax regulations to provide compliance and optimize tax outcomes. 

Our services encompass the entire lifecycle of cryptocurrency transactions, from initial purchase to final sale, ensuring every detail is accounted for. We handle the unique challenges posed by crypto assets, such as fork events, airdrops, and staking rewards, providing clear and concise reporting for each scenario. Our team stays on top of the latest regulatory developments, ensuring your crypto transactions are fully compliant with current tax laws. With our support, traders can navigate the volatile crypto market with peace of mind, knowing their financial records are accurate, compliant, and optimized for tax efficiency.

  • Multi-platform transaction tracking
  • Accurate cost basis
  • Capital gains reporting
  • Compliance with tax regulations
  • Management of fork events
  • Airdrops and staking rewards
  • Regulatory updates
  • Optimized tax outcomes
  • Clear financial reporting
  • Expert market navigation

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How We Can Help

Our comprehensive trader tax planning services are designed to provide you with the expertise and support needed to navigate the complexities of trader taxation. From personalized consultations to advanced tax strategies, we are committed to helping you achieve optimal tax outcomes. Our ongoing support ensures your tax plans remain effective and compliant, while our meticulous approach to documentation and filing keeps you prepared for any eventuality. Discover how our tailored solutions and proactive guidance can save you time and money, allowing you to focus on what you do best – trading.

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Helping You Make Sense of Trader Taxation

We offer comprehensive consultations to evaluate your unique tax situation, understanding your trading activities and financial goals

Advanced Tax Strategies

  • Tax-Loss Harvesting: We implement strategies like tax-loss harvesting to help offset gains and reduce your overall tax liability.
  • Income Deferral Techniques: We explore options for deferring income to future tax years, helping you manage your tax burden more effectively.
  • Entity Selection Advice: We guide you in choosing the most advantageous business structure to optimize tax benefits.

    • Tax Filing Assistance

  • Comprehensive Preparation: We implement strategies like tax-loss harvesting to help offset gains and reduce your overall tax liability.
  • Timely Filing:: We ensure your tax returns are filed on time, avoiding penalties and interest charges for late submissions..

    • Testimonial

    What Our Clients Are Saying

    I was previously using a CPA who did not understand the intricacies of different ways a trader's taxes can be set up. Because of it I was missing out on TTS until Rohit came along and set me straight. The first year I was expecting to pay taxes, and instead I received a refund back. Very responsive and helpful, thanks Rohit and team!
    ChartingManDan
    I'm so glad my friend introduced me to Rohit Sharma. As a beginner trader, I was very unfamiliar with tax laws for day traders but Rohit went above and beyond to answer all of my questions and ended up saving me thousands in taxes. Definitely recommend his services for traders (and non-traders).
    Sohrab Nahreini
    Rohit is a pleasure to work with and he is professional as well as responsive. Any questions that I had he was able answer or find the answer. I initially contacted Rohit for his services as he came recommended to help with my more in depth tax return involving stocks and day trading. He is very knowledgeable and I highly recommend him!
    John McDonald
    I highly recommend the tax return services of Rohit Sharma. I have found his expertise and knowledge when it comes to doing the complicated U.S. income tax return of a day trader to be invaluable. He took the time to navigate the complicated steps of filing my return with Trader Tax Status and Mark to Market reporting. When I frequently reached out to Rohit with questions, he responded in a professional and timely manner. I look forward to using his tax return services each year.
    Joseph Hofstetter
    Taxes are no longer a stressful experience for me and my wife thanks to Rohit. He has a wealth of knowledge when it comes to taxes and trading and that has been extremely helpful to us. Because of his expertise we have peace of mind when filing our taxes, we highly recommend him!
    Tamara Parrales
    Rohit is not only a phenomenal CPA, but he is also a day trader like myself. I don't expect a tax expert to know everything, so I wanted one that specialized in trading. Rohit fit this perfectly, and I absolutely made the right decision in choosing him. Bare minimum, I've saved thousands of dollars and countless hours. I'll continue to recommend Rohit to any trader willing to listen!
    Scott Wachs
    When I realised that my regular tax accountant wasn't able to cater to the special needs I had from becoming more involved in trading, I was more than happy to contract Rohit to do my taxes. He came highly recommended from other traders in the community and has more than lived up to the expectations I had. He is professional, knows his work and is responsive to the questions I have. Highly recommend him!
    Tom Cerny
    Rohit is my favorite kind of person. Organized, on the ball, friendly, accurate, timely and knowledgeable! He tells you exactly what documents he needs from you. He even goes the extra mile and sends detailed instructions with pictures on how to get them. He makes the process completely painless and hassle free. I've been a happy customer for two years now and I look forward to many more years with him.
    Sara Sabatino
    I highly recommend the tax return services of Rohit Sharma. I have found his expertise and knowledge when it comes to doing the complicated U.S. income tax return of a day trader to be invaluable. He took the time to navigate the complicated steps of filing my return with Trader Tax Status and Mark to Market reporting. When I frequently reached out to Rohit with questions, he responded in a professional and timely manner. I look forward to using his tax return services each year.
    Joseph Hofstetter
    Rohit has been a great help with any questions or concerns that I have had related to Taxes. Rohit has always provided exceptional service and value compared to the cost.
    Kishan Bhavsar
    As a trader with dual U.S./Canadian citizenship, filing my taxes used to be a real nightmare, until I found Rohit. He is extremely knowledgeable and professional, and has helped me with numerous tax issues. I also really like that he is a trader himself, so he fully understands the game.
    Andrew Mann
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    Box 183, 228 Howey Street Red Lake, Ontario P0V 2M0 Canada

    Email Us

    support@tradertax.io

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