TNT Accounting Services

Wash sale rule giving you the blues? Need help with your Schedule D? Sorting through hundreds or thousands of trades to calculate your capital gains?

TNT Accounting has the solution.

Whether you are an investor or an active trader who has made the mark to market (MTM) election, TNT Accounting will review and match your trade history using the IRS "First-In-First-Out" (FIFO) rule, reconcile back to your broker Form-1099 and send you a Schedule D or Form 4797 for your trader taxes.

The IRS wash sale rule is strictly applied to all of your stock and options trades across multiple broker accounts, accounting for corporate actions, short sales and exercised or assigned options. We use the software for trader taxes most recommended by leading industry experts.

Don't waste time compiling data for your trader tax return...let us handle your trade accounting for you so you can get back to what you enjoy...trading.

Accurate trade matching for stocks, equity and index options, exchange-traded funds, bonds, futures and FOREX.

Full compliance with IRS wash sale and new cost basis reporting rules.

Hassle-free adjustment from cash to mark to market (MTM) accounting.

Timely, live support by toll-free phone or email.

Expert trade accounting for 25% to 50% savings over average rates.

NEWS:

New IRS Tax Rules Critical for Investors and Traders for 2011.

Beginning January 1st of this year, the IRS now requires all U.S.-based brokerages to track the cost basis on equities for their investors, and send taxpayers and the government an annual form recording when investors sell shares. This legislation will allow the IRS to quickly identify investors who are misreporting their gains and losses.

New Forms for Reporting 2011 Taxes.

The IRS is implementing several key changes for 2011 that will have a big impact on how active traders and investors report gains and losses moving forward.

Starting with 2011, taxpayers reporting trading and investment activity will have a new form to file along with their Schedule D, IRS Form 8949 "Sales and Other Dispositions of Capital Assets". Some may be required to file three different version of the new form, depending on their trade history and broker reports.

Why the change? The Form 8949 will help the IRS to better compare your reporting with broker reporting on the 1099-B and ensure that you are accounting for all of your trades...and taxable gains.

With the IRS turning the spotlight on active traders, are you confident that all of your trades and wash sales are accounted for properly this year?
TNT Accounting can help you rest assured that your trader tax return is compliant with these new reporting requirements.