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|Copyright© 1999 to 2006 Colin M. Cody, CPA and TraderStatus.com, LLC, All Rights Reserved.|
Effective June 30, 2005 IRS Circular 230 now requires that .
This is our prominently disclosed IRS tax advice disclaimer:
Nothing contained in the TraderStatus.com web site, or practiced by written by or opined by Colin M Cody, CPA is meant to be illegal tax evasion or falls under the definition of illegal aggressive tax avoidance. Unless otherwise stated, the "principal purpose" of transactions are never "tax avoidance or evasion" as defined in Circular 230. In other words for any given transaction(s) any resulting tax avoidance does not exceed any other purpose. Other purposes include, but are not limited to: Legal Asset Protection, Proper Estate Planning, Properly obtaining credit, More efficiently operating your legitimate business affairs, Ease of bookkeeping, To more properly reflect accurate results of operations, Legal & Proper Retirement Planning, Legal Health Care Planning, Legally providing benefits to employees, Legally paying one's full fair share of taxes as required by law, Properly establishing banking and other financial accounts. Education to more efficiently, legally and properly operate your business affairs financial affairs or other affairs.
Nothing on the TraderStatus web site, Discussion Board, emails or telephone conversations may be considered "advice" or a "recommendation" to any person, business or entity unless such "advice" or a "recommendation" is rendered to a client of Colin M Cody, CPA. If you are not already a client of Colin M. Cody, CPA, you may not rely on this web site, discussion board, email or other form of communication to create such a relationship. "Advice" or a "recommendation" is given only when specifically engaging Colin M. Cody, CPA and by paying the invoice rendered for such advice.
(The following is pursuant to U.S. Treasury Regulations governing tax practice.) IRS CIRCULAR 230 §10.33, §10.35, §10.37 DISCLOSURE STATEMENT: The advice, commentary, links, and everything else provided (whether distributed by mail, e-mail, fax ,or other means) is not intended or written to be used, and cannot be used by you or any other person or entity for the purpose of (1) avoiding penalties that may be imposed under the Internal Revenue Code or any applicable state or local tax law or (2) promoting, marketing, or recommending any tax-related matters addressed within to another party. You are not prohibited from sharing this advice with third parties. However, the third parties should seek their own advice based on their particular facts and circumstances from an independent tax advisor.
In accordance with IRS Circular 230, the information on this Web site is not intended or written to be used, and cannot be used as or considered a "covered opinion" or other written tax advice and should not be relied upon for the purpose of avoiding tax-related penalties under the Internal Revenue Code; promoting, marketing, or recommending to another party any transaction or tax-related matter(s) addressed herein; for IRS audit, tax dispute or other purposes.
The advice, commentary, links, and everything else we provide is not intended or written to be used, and cannot be used by you or any other person or entity for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or any applicable state or local tax law.
This advice, commentary, links, and everything else is not intended or written to be used, and cannot be used by you for the purpose of promoting, marketing, or recommending any tax-related matters addressed within to another party. You are not prohibited from sharing this advice with third parties. However, the third parties should seek their own advice based on their particular facts and circumstances from an independent tax advisor.
The information contained on this Web site is taken from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any opinions expressed are subject to change without notice. The information contain herein or on any related links is presented for discussion purposes to be used by a taxpayer and his or her own personal tax advisor. Some of the positions discussed here and in our email and newsletters are sophisticated and aggressive. Other positions are basic and conservative. As such taxpayers and their advisors may utilize the information contained therein at their own risk. Taxpayers are advised to retain their own tax and investment advisors and should not rely on the information contained therein without the guidance of appropriate competent counsel.
Please note that this this entire web site and any legal documentation and entity formation assistance service offered is not the undertaking of a law firm. We do not practice law and we do not act as your attorney. Rather, this information is presented "as is" and "for discussion only" to help you represent yourself or guide your attorney in your own tax, personal and legal matters. If you seek representation, are involved in litigation or have complex legal issues that cannot be resolved on your own, or are looking for asset protection vehicles, we strongly recommend that you hire an attorney at law. Entity formation is a legal service and should be done through an attorney. This web site's primary purpose it to suggest ideas for consideration to accomplish IRS federal USA only tax goals.
Because of the possibility of human and mechanical errors as well as other factors, we are not responsible for any errors or omissions in the information. We make no representations and disclaim all express, implied and statutory warranties of any kind to the users and /or any third party, including any warranties of accuracy, timeliness, completeness, merchantability and fitness for a particular purpose. In addition, we in providing the information make no endorsement of any particular security or market participant.
Unless due to willful tortuous misconduct or gross negligence, we shall have no liability in tort, contract, or otherwise to user and/or any third party.
Nothing on the TraderStatus.com web site or in the accounting practice of Colin M. Cody, CPA, CMA comes even close to being construed to be a "so called" IRC §6700 activity or transaction. It is improper to secure any tax benefit by reason of holding an interest in an entity or participating in a plan or arrangement which the person knows or has reason to know is false or fraudulent as to any material matter. Only legitimate business traders having legitimate business purposes (as described above) for using an entity are welcomed here.
Electronic communications through this site and elsewhere may not be encrypted. You acknowledge that there is a risk that data, including e-mail, may be accessed by unauthorized third parties when communicated between you and us. While this website offers methods of communication for your sole convenience, we strongly recommend that all personal data and information be mailed by a secure carrier method to our address in Trumbull, CT.
This web site is an advertisement; not a solicitation of services and the materials herein are provided for informational purposes only. There is NO ACCOUNTING ADVICE provided within this website. There is NO TAX ADVICE provided within this website. There is NO LEGAL ADVICE provided within this website. There is no professional relationship made unless an agreement is executed in writing. This website (excluding linked sites) is controlled by Colin M. Cody, CPA, CMA from offices within the State of Connecticut. It can be accessed from all 50 U.S. States, as well as from other countries around the world. As each of these jurisdictions has laws and regulations that may differ from those of Connecticut. By accessing this website you agree that the statutes and laws of the State of Connecticut, without regard to conflicts of law principles thereof, will apply to all matters relating to the use of this website. In the case of a dispute, you a agree to submit to the exclusive personal jurisdiction and venue of the courts in Fairfield County Connecticut with respect to such dispute.
While the drafters of this site intend to keep the information provided timely and accurate, this information cannot be relied on as being without error. Accordingly, the information on this website is presented without any representation, warranty or guarantee whatsoever as to the accuracy or completeness. The information contained on this site is intended to educate members of the public generally and is not intended to provide solutions to individual problems. Readers are cautioned not to attempt to solve individual problems on the basis of information contained herein and are strongly advised to seek competent professional advice before relying on information in this site.
email & fax
You may send us e-mail, text messages, instant messages or other electronic messages (limited to two messages per day - each of which is no larger than 5KB, unless expressly requested by Colin M. Cody, CPA, CMA). However, if you communicate with us in connection with a matter for which we do not already represent you, you should not send us confidential or sensitive information. If you communicate with us in connection with a matter for which we already represent you, you should note that the security of internet communications is uncertain. By sending sensitive or confidential messages which are not encrypted, you accept the risks of such uncertainty and possible lack of confidentiality over the internet.
Unsolicited email, text messages, instant messages or other electronic messages sent to us (which may or may not be referred to as "spam") is your express request to be billed $100 per submission beyond your two messages per day limitation. If we fail to bill you for some communications that does not imply that we are not enforcing this $100 per submission fee. You agree to be subject to the personal jurisdiction and venue of the courts in Fairfield County Connecticut with respect to any collection matter regarding this fee.
Unsolicited fax pages sent to us (which may or may not be referred to as "spam") is your express request to be billed $500 per faxed page. If we fail to bill you for some faxes that does not imply that we are not enforcing this $500 per faxed page fee. You agree to be subject to the personal jurisdiction and venue of the courts in Fairfield County Connecticut with respect to any collection matter regarding this fee.
software, robots, message postings & downloads/uploads
Unsolicited data, messages, programs etc. placed by you to our computers or web hosting servers (which may or may not be referred to as "spam") is your express request to rent space on our hard drives and to be billed $100 per file or message per day until such time as you remove the file or message. If we fail to bill you that does not imply that we are not enforcing this $100 per day rental fee. You agree to be subject to the personal jurisdiction and venue of the courts in Fairfield County Connecticut with respect to any collection matter regarding this rental fee.
Linking to this website, except through the process of framing or other distortion or obscuring of TraderStatus.com's OR Colin M. Cody's content, is permitted. Traderstatus.com and Colin M. Cody assume no responsibility for any errors or omissions in the contents of this site, including contents that are referenced by or linked to third party web sites. Traderstatus.com and Colin M. Cody make no representations or warranties of any kind for the contents of this site or any third party sites.
Should you choose to retain Colin M. Cody, CPA, CMA to perform professional services, such decision should be made in reliance upon future communications between you and Colin M. Cody, CPA, CMA and not upon any information obtained herein. Colin M. Cody, CPA, CMA does not retain clients on the strength of advertising material alone but only after following the firm's own engagement procedures, through interviews, conflict checks and retainer agreements. For purposes of meeting the requirements of numerous U.S. States' Supreme Court Rules on ethics, the following additional disclosures are made:
Brief listing of services
Many Investors all across the country from California to Florida to Rhode Island make us their first choice for their tax planning and compliance reporting, including having their State tax returns and Federal 1040 tax returns reviewed or prepared at annual fees starting at $400 per year. Full Trader Status tax planning, compliance reporting, and tax return review or preparation generally start at $600 per year. Mark-to-Market accounting entails more work and is accordingly priced a little higher. Click here for an estimate on how much it costs to have a Federal 1040 (not including State returns, tax planning or consulting) prepared at other CPA firms, not including trader status tax planning and consultations.
For those taxpayers who have significant money involved in the stock market, more sophisticated tax minimization techniques, asset protection and retirement planning strategies and a choice of entities utilizing Corporations (forms 1120 and 1120S), Family Partnerships, Limited Partnerships, General Investment Partnerships and LLCs (form 1065), Estates and Trusts (form 1041) and Estate planning, Gifting and Generation skipping transfers (form 709) are handled and billed based on their complexity. MINIMIZE THOSE TAXES! Fees for a multi-member multi-member LLC, General Partnership or S-Corp generally start from $750 per year.
IRS controversy issues, tax return audits and even routine IRS and State inquiries are best handled by a professional CPA firm, rather than going it alone and risking "putting your foot in your mouth". Taxpayers signing a special IRS limited Power-of-Attorney may retain us to represent them with many of these issues. Contact us before you contact the IRS in response to an imposing inquiry.
A REVIEW of
your self-prepared returns may be arranged. If desired,
the preparation of the tax forms that comprise the bulk of your tax
return can be done with
available for only $24.95. Reviewed returns do
not usually carry a "Paid Preparer's Signature"
for the IRS to rely on. It is possible that a tax
filing containing sophisticated or complex positions that
does not bear the signature of a qualified CPA, Tax
Attorney or other professional preparer may invite
further review at the Internal Revenue Service Center. A
REVIEW might not cause your return to be less likely to
be chosen for audit, but it could mean that your return
is more likely to be free from any obvious errors that would cause problems
during an audit. Because of the necessity to work with and understand the complex issues involved; the cost for a
review, analysis and consultation generally will range about the same
full tax planning & compliance services discussed above.
Last updated: January 20, 2014January 2014
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Copyright© 1999 to 2006 Colin M. Cody, CPA and TraderStatus.com, LLC, All Rights Reserved