The New Trader's Tax Solution: Money-Saving Strategies for the Serious Investor, 2nd Edition, Updated
Average customer rating: 2 out of 5 stars
  • Misleading book from an "expert" who cheats people
  • Good beginner book
The New Trader's Tax Solution: Money-Saving Strategies for the Serious Investor, 2nd Edition, Updated
Ted Tesser
Manufacturer: Marketplace Books
ProductGroup: Book
Binding: Hardcover

GeneralGeneral | Business & Investing | Subjects | Books
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ASIN: 1592801900
Release Date: 2005-01-05

Book Description

The Thoroughly Updated Guide to Reducing Tax Liability for the Trader and Serious Investor

What would you do to increase your trading profits by as much as 50%? Most traders and investors would do whatever it takes. Those same traders will much to often what the profits earned with their blood, sweat and tears shrink considerable as they prepare their tax returns. You have in your hands the easy-to-use tools that will protect your hard earned assets. Packed with proven strategies that reduce your tax exposure this comprehensive guide is completely updated with information and strategies for the most recent tax changes.

Here are invaluable business, estate, retirement planning, and tax-saving strategies that virtually anyone can implement within the new tax laws. It is simple to use and includes specific information to help traders reduce their tax liability, with individual case studies, real-world examples, and model tax returns. CPA and expert tax consultant Ted Tesser provides current solutions for the tax problems facing most U.S. traders, investors, and income earners today—excessive tax payments to federal and local governments, insufficient preparation for retirement, and, ultimately, the fate of bequests. In this book, Tesser shows everyone concerned:

-How to disinherit the federal government
-How Trader Status is upheld, even under audit
-How to augment underfunded retirement plans
-How to master the basiscs of estate tax planning
-How to integrate the "triple crown"—Tesser's latest strategy for tax avoidance and wealth accumulation—into your trading plan
…and much more.

Keep the profits you work so hard to earn, whether from trading, investing, or hard work—and take control of your financial destiny. The NEW Trader's Tax Solution has puts years of experience at your fingertips.

With the "triple crown," you will learn how to unleash the full power of Trader Status by combining it with a Trading Entity. You will also learn how to establish a Wlfare Benefit Trust to accomplish all these goals and more. This program enables you to take advantage of little known facets fot he tax law that have been on the books for almost three-quarters of a century. You'll learn how to:

-Contribute and deduct substantial amounts of money over any period of time
-Grow the principle in a fully tax-defered, 100% secure environment
-Access the money at a future date, not limited by age, income, or retirement plan status
-Avoid the restrictions of ordinary retirement plans by using the same techniques that have been used by America's largest corporations since 1928

Whether you are looking for last minute tax saving tips or trading techniques that position you for the optimal tax reduction, The NEW Trader's Tax Solution is a must-have addition to any trading library. Get the government to pick up the tab on this years trading profits, foot the bill for any trading losses, and increase your wealth by 50%, instantly. After putting Trader Status on the map, Tesser now takes it to another dimension, complete with real world case studies, illustrations, templates, and filled-out, ready to be filed tax forms.

Ted Tesser, CPA, is a partner with Tesser, Horowitz, and Ullmann, Inc. 1-800-556-9829, a firm serving clients around the world. He specializes in investment taxation, is an active trader, and is the author of Trader's Tax Survival Guide and the best-selling video Cut your Trading Taxes in Half!

Customer Reviews:

1 out of 5 stars Misleading book from an "expert" who cheats people.......2007-07-29

I didn't like this book because it rehashes a lot of the same stuff in his first book, thus the materials is not very "new". "Ted Tesser's New Book" is a case of the Emperor's New Clothes. The author runs a supposedly reputable business in Florida trying to "save traders money". I followed the tax advice in the book on setting up corporate entities and ended up caught between a rock and a hard place, because the book did not include critically important details (perhaps intentionally?). When I needed more specific details, the authors' company tried to force me to pay $350/hour charged to a credit immediately over the phone for advice if my CPA was standing there to help me make sense of it all. The phone call was already costing me $100/hour. At that point I knew I was dealing with a sheister. I would not recommend this book or getting involved with the Waterside Financial to anyone. The New Trader's Tax Solution: Money-Saving Strategies for the Serious Investor, 2nd Edition, Updated

3 out of 5 stars Good beginner book.......2005-08-13

The book is really good. The reason why I gave it only 3 stars is that it doesn't cover the complex stuff I am looking for. And it mostly target to small trader. This book will do you little good if you able to make over million dollars a year from the market. The book does not mention much about asset protection. As with any trader, the only asset is their cash, and I believe the author should put more work into this section if a new version is on the way.
The NEW Trader's Tax Solution: Money-Saving Strategies for the Serious Investor (A Marketplace Book)
Average customer rating: 3 out of 5 stars
  • The tittle is somewhat misleading
The NEW Trader's Tax Solution: Money-Saving Strategies for the Serious Investor (A Marketplace Book)
Ted Tesser , and Marketplace Books
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

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ASIN: 0471209996

Book Description

Praise for The First edition

"Here's my advice: first, design a trading strategy that gives you an edge in the markets; second, trade your strategy with precision and steadfastness; third, study The Trader's Tax Solution and apply Tesser's principles to your taxes and financial planning. If you're a trader or investor who wants to keep the maximum possible amount of the money you've earned, your copy of The Trader's Tax Solution will be worth its weight in stock certificates!"
-Thomas A. Bierovic, Manager
Strategy Testing & Development, Omega Research, Inc.

"I have heeded Ted Tesser's advice for many years. His background, knowledge, and experience have been invaluable in saving me an enormous amount of money over the years. This book is my bible for financial and tax strategies."
-Bill M. Williams, PhD, CTA
Professional trader and President, The Profitunity Trading Group

"Taxes can be the largest single expense for a successful trader. Ted Tesser draws on his experience as both a CPA and successful trader to show you how to minimize this expense. This book is clearly written, practical, and comprehensive. Deserves a place on every trader's bookshelf."
-Sheldon Knight, President, K-Data, Inc.

"Ted Tesser is one of the nation's foremost experts on investment taxation. In this definitive guide to reducing and even eliminating whole classes of tax exposure, Ted presents a wealth of solid tax strategies that investors and traders will find indispensable."
-Nelson Freeburg, Editor, Formula Research

"Ordinarily a ho-hum subject, Tesser has made reading about taxes for traders enjoyable. This book is not only a fun read, it is an invaluable reference. The Trader's Tax Solution contains everything a trader needs to know about taxes."
-Sunny J. Harris, President, Sunny Harris & Associates, Inc.
Author, Trading 101: How to Trade Like a Pro,
Trading 102: Getting Down to Business, and Electronic Day Trading 101

Customer Reviews:

3 out of 5 stars The tittle is somewhat misleading.......2003-12-22

[...] After reading the book, (BTW, I bought it nearly one year ago) I realized it doesn't provide detailed solutions that might help us do-it-yourself folks to prepare tax returns, if, for instance, you're a Security trader.
The book, however, is a very good start where one may find a quite complete education on tax and estate planning, and where one may find further info. It provides many real life court cases, involving tax filings, with comments. [...] this is not a "how-to" book. For instance, it doesn't tell me how to complete Form 3115 line by line, rather it explains the purpose of the Form and the key points one must know about the Form.
The number of issues covered in the book may be more than what one needs to know. All in all, it is a very good text for those who care to know more about their money and taxes, and the nasty surprises that IRS has in store for the unprepared.

Speaking Effectively: Achieving Excellence in Presentations (NetEffect Series)
Average customer rating: Not rated
    Speaking Effectively: Achieving Excellence in Presentations (NetEffect Series)
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    Manufacturer: Prentice Hall
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    Managing Front Office Operations
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      Managing front office operations
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        Customer Reviews:

        5 out of 5 stars Exceptional.......2002-03-01

        Finally, a book that brings together all the aspects of Front Office with applicable Case Study's in each chapter. This is the type of text all Hospitality students must utilize.
        Managing Front Office Operations (Coursebook)
        Average customer rating: 3 out of 5 stars
        • Front Office
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        Michael L. Kasavana , and Educational Institute of American Hotels
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        It was the wrong book. Amazon did not provide an "edition" date so in return i got the wrong book.
        Managing Front Office Operations
        Average customer rating: Not rated
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            ACCOMMODATION OPERATIONS FRONT OFFICE
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                  Book Description

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                  Citation Details
                  Title: 'Die Hard' architects shift focus from office towers to hot housing market.(Up Front)
                  Author: Andy Fixmer
                  Publication: Los Angeles Business Journal (Magazine/Journal)
                  Date: June 13, 2005
                  Publisher: CBJ, L.P.
                  Volume: 27 Issue: 24 Page: 3(2)

                  Distributed by Thomson Gale
                  Effective Front Office Operations (Cbi Series in Hospitality/Foodservice Management)
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                      Book Description

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                      Building bridges.(Planned Giving Design Center)(Company Profile): An article from: Fund Raising Management
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                        George R. Reis
                        Manufacturer: Hoke Communications, Inc.
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                        From the supplier: The 'Planned Giving Design Center' (PGDC) is a Web site that was established in 1998 to help charities cultivate relationships with the professional advisors who play a pivotal role in the financial and estate planning decisions of people who are seriously considering making planned gifts. The PGDC's business model consists of the setting up of online links with visionary organizations that have agreed to host a PGDC Web site in the 300 geographically unique areas targeted by the North Carolina-based company.

                        Citation Details
                        Title: Building bridges.(Planned Giving Design Center)(Company Profile)
                        Author: George R. Reis
                        Publication: Fund Raising Management (Magazine/Journal)
                        Date: August 1, 1999
                        Publisher: Hoke Communications, Inc.
                        Volume: 30 Issue: 6 Page: 19(5)

                        Article Type: Company Profile

                        Distributed by Thomson Gale
                        Journalist David Schwartz, after building up and selling his National Health Information, launches Niche Builders Inc.(Publisher profile): An article from: The Newsletter on Newsletters
                        Average customer rating: Not rated
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                          Citation Details
                          Title: Journalist David Schwartz, after building up and selling his National Health Information, launches Niche Builders Inc.(Publisher profile)
                          Author: Fred Goss
                          Publication: The Newsletter on Newsletters (Newsletter)
                          Date: December 31, 2006
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                                    Mary B. Nemnich , Fred E. Jandt , Fred Edmund Jandt , and Fred Edmund Using the Internet and the World Wide Web in Your Jandt
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                                    JANDT
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                                    ASIN: 1563702924

                                    Customer Reviews:

                                    5 out of 5 stars ýYour Next Career is Just One Click! Awayý.......2000-04-03

                                    If you haven't heard of the Internet Job Search you can probably look up right now and see bats hanging upside down from the ceiling of the cave in which you live. You've been missing out on the easiest, inexspensive and various ways to market your skills that make your next career is just one click! away.

                                    Here's the first Internet Job Search Book that shows how to turn the Internet into a private career counselor for developing key job search skills. This book shows how to connect to the internet for the first time, research companies and industries, use search engine, writing and posting your resume and much more. An ideal guide to those who want to find a job through the internet job search.

                                    Stop Working...Start Living : How I retired at 36 without winning the lottery
                                    Average customer rating: 4 out of 5 stars
                                    • Delightful read, plus good advice & encouragement! HOWEVER....
                                    • Awesome book
                                    • So Helpful!
                                    • Extremely boring
                                    • Making a case for being frugal
                                    Stop Working...Start Living : How I retired at 36 without winning the lottery
                                    Dianne Nahirny
                                    Manufacturer: Ecw Press
                                    ProductGroup: Book
                                    Binding: Paperback

                                    GeneralGeneral | Business & Investing | Subjects | Books
                                    GeneralGeneral | Personal Finance | Business & Investing | Subjects | Books
                                    ASIN: 1550224840

                                    Book Description

                                    By 36, with fewer advantages than most, Dianne Nahirny achieved early retirement without compromising her middle-class lifestyle-and on an average yearly salary of under $20,000. In Stop Working . . . Start Living, Dianne covers financial concepts through humorous anecdotes of her family's influence on her money-handling skills. Stories about her jobs, her investments, homes, and extravagances demonstrate her finesse and her blunders. Each chapter concludes with a point form summary. Dianne reveals the way to achieve financial freedom in a proven "do as I do" and not a "do as I say" format. Dianne tells readers how to customize and achieve "the plan." She watches her expenses, sometimes spends lavishly, and owns her own home. Dianne is living her dream. Whether you want to retire very early, early, or late, Stop Working . . . Start Living provides the tools and the advice-from someone who has done it.

                                    Customer Reviews:

                                    4 out of 5 stars Delightful read, plus good advice & encouragement! HOWEVER...........2006-09-21

                                    As you can tell from my four-star rating of this book, I do very much like it; indeed, I find it a much more engaging read than many other "early retirement" books. In fact, being myself an early retiree for years already, I can personally relate to many things the lovely Ms. Nahirny advocates throughout her narrative.

                                    However, in the spirit of providing a "reality check", I feel inclined to point out several cold facts to prospective readers of this book.

                                    First, "American" (i.e., U.S.) readers should bear in mind that Ms. Nahirny is a Canadian, and therefore her routine health-care expenditures are surely only a fraction of what they'd be were she to purchase the typical American's level of health insurance. (We've all heard of the "free" national health care available to all Canadian citizens.) Mind you, I myself only spend about $82 monthly for my American health insurance, but that only buys a bare-bones, "$5,000-deductible" policy; hence, even though I'm in good health and generally only require a tiny handful of visits to the doctor yearly, I still end up spending at least a "noteworthy" sum for health care annually.

                                    Even more significantly, U.S. readers should bear in mind the fairly substantial monetary difference between Canadian and American dollars. On pages 98 through 101, Ms. Nahirny discusses her net worth, and she states that, as of 2000, it had risen to $300,000, which, in American dollars (as of this writing) would actually be roughly equivalent to "only" $265,966. Furthermore, she makes clear that her equity in her house (amounting to $170,000) made up the largest portion of her net worth. In other words, the REST of her assets amounted to only $130,000 (Canadian), which would be equivalent to only $115,296 (American). "Do the math" (not omitting inflation and taxation, and factoring a realistic, safe rate of return on assets), and you'll quickly perceive that that amount of money (starting in the year 2000) wasn't likely to finance genuine retirement for any "middleclass" citizen in Canada--much less the USA--for another three decades or longer. [If I'm missing something here, somebody please bring it to my attention.] Of course, Ms. Nahirny could always sell her house and thereby derive more interest income per year; but she doesn't sound inclined to do so any time soon. Therefore, take her touted claim of being literally "retired" with the proverbial grain of salt. "SEMI-retired" would seem more accurate. I suspect she'll be continuing to engage in some part-time employment for years to come--unless, that is, she's received an inheritance (or other windfall) since her book was published in 2001. Nothing wrong with that!

                                    On an admittedly much less significant note, I also think that the frugal Ms. Nahirny is missing out on sizeable budgetary savings by not accepting her brother's advice to use a bicycle for (at least some of) her transportation around town. Hey, if I can still manage it comfortably at age 53 (and I'm embarrassingly far from an athlete), surely svelte Dianne could have managed it in her mid 30's and beyond. [TIP: Just install a rear rack compatible with a stylish, compact-but-very-expandable, quickly and easily attachable/detachable, zippered "trunk bag" (including normally hidden--yet capacious--zippered "panniers" that can hang down on both sides of the rear wheel). And, if you need even more carrying capacity, wear a small, cheap backpack.] Ms. Nahirny's only (vague) explanation of why she herself (unlike the "neighbor" she mentions) doesn't use a bike is the dismissive quip, "I couldn't see myself biking around the city". Therefore, her "final solution" to her transportation dilemma is to pay "a corporate rate" for "a limousine service" (!) because this is, at least, cheaper than owning a car. Frankly, it SOUNDS like she (much like certain other "middleclass" folks I know personally) simply has a bit of a (purely psychological/emotional) problem with being SEEN on a bike! Yet, ironically, she conveys elsewhere in her book that she doesn't much care what other people think about various (unconventional) money-saving schemes she (generally wisely) employs! In this vein, if you know much about (the late) Joe Dominguez and Vicki Robin (authors of the bestseller "Your Money or Your Life"), then you know that THEY, approaching their sixties, still were making considerable use of their bicycles for getting around "hilly, rainy Seattle". Ms. Nahirny goes to considerable lengths to save several bucks a year by using, for example, old newspapers (instead of paper towels) to wipe her countertops--or even by reusing some of her household water--yet she thinks little of continually funding a "chauffeur" to drive her around town. Shoot, by the time she's called (and patiently awaited the arrival of) her "convenient" limousine, she might as well have pedaled halfway--or maybe all the way--to her destination, not to mention the obvious budgetary and bodily benefits. But, hey, "to each his own". ;-)

                                    Despite my qualifying remarks above, I strongly like Ms. Nahirny's book. Among its many virtues, there are numerous money-saving tips for anyone wanting to squeeze every last bit of value from their dollar--be the latter Canadian or "American". ;-)

                                    5 out of 5 stars Awesome book.......2005-06-12

                                    This is a great book. I only wished I had come across it many years sooner. It is inspiring that someone has actually retired before 40 without hitting the lottery or inheriting a fortune from ancestors. Dianne gives doable tips and references.

                                    5 out of 5 stars So Helpful!.......2005-03-14

                                    I've just finished reading the new edition of this book, and it has been the most positive experience for finally getting me to realize how badly I was sabotaging my life and my finances. Better than that, thanks to her practical ideas, it became easy to manage my money, start saving, and get my money working for me! Her story is inspirational, and the latest edition of the book includes an up-to-date account of how her methods keep producing profits. Her experiences are REAL, that most people can relate to; she's actually done these things herself, and isn't just yet another financial author telling you what your should do, blah, blah, blah. What makes the book 'excellent' is that her examples and stories, along with being inspirational, are quite funny! As well, she regularly posts her personal finance articles for free on her website, www.smartmakeovers.com, which is a real bonus.

                                    1 out of 5 stars Extremely boring.......2003-12-05

                                    I don't know why this books gets 5 stars as a review, because I don't see it that way. She really goes on and on about the details of her life which is annoyingly somewhat irrelevant. I think this is more of an autobiography rather than a "get rich quick" book. Most of it is common sense. Obviously there is a difference between needs and wants. This concept has been repeated in other financial books on the shelf. And also about "comparison" shopping; that's even more obvious. It's a given that you SHOULD comparison shop before you buy ANYTHING. This book let me down. Lucky I picked it up from the library and didn't actually buy it. Read "The Millionaire Mind" for a more pleasant reading in acquiring traits that could lead you to being rich.

                                    5 out of 5 stars Making a case for being frugal.......2002-05-15

                                    Think of this as a diet book for money. Everyone knows that they should really have a budget, not make impluse purchases, save 10% of her income etc, but like with dieting, willpower only goes so far. The strengh of the book isn't that its another How to Budget book but that it helps you re-examine your attitudes towards money management. She makes a very strong case that being frugal doesn't mean living without.

                                    But like with Dieting, her ideas are great but easier said than done.
                                    Stop Working... Start Living: How I Retired at the Age of 36...Without Winning the Lottery
                                    Average customer rating: Not rated
                                      Stop Working... Start Living: How I Retired at the Age of 36...Without Winning the Lottery
                                      Dianne Nahirny
                                      Manufacturer: E C W Pr
                                      ProductGroup: Book
                                      Binding: Paperback
                                      ASIN: B000PQDHCC

                                      Working Woman's Guide to Retirement Planning: Saving & Investing Now for a Secure Future
                                      Average customer rating: Not rated
                                        Working Woman's Guide to Retirement Planning: Saving & Investing Now for a Secure Future
                                        Martha Priddy Patterson
                                        Manufacturer: Prentice Hall Trade
                                        ProductGroup: Book
                                        Binding: Paperback

                                        GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
                                        Public FinancePublic Finance | Economics | Business & Investing | Subjects | Books
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                                        Money Management for WomenMoney Management for Women | Personal Finance | Business & Investing | Subjects | Books
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                                        ASIN: 013952813X
                                        The New Working Woman's Guide to Retirement Planning: Saving and Investing Now for a Secure Future
                                        Average customer rating: 5 out of 5 stars
                                        • Tops in My Book!
                                        • Lots of meat!
                                        • Planning now to make the most of the years after the 9-to-5
                                        The New Working Woman's Guide to Retirement Planning: Saving and Investing Now for a Secure Future
                                        Martha Priddy Patterson
                                        Manufacturer: University of Pennsylvania Press
                                        ProductGroup: Book
                                        Binding: Paperback

                                        GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
                                        Public FinancePublic Finance | Economics | Business & Investing | Subjects | Books
                                        GeneralGeneral | Business & Investing | Subjects | Books
                                        Retirement PlanningRetirement Planning | Personal Finance | Business & Investing | Subjects | Books
                                        Money Management for WomenMoney Management for Women | Personal Finance | Business & Investing | Subjects | Books
                                        GeneralGeneral | Women's Studies | Nonfiction | Subjects | Books
                                        Similar Items:
                                        1. Women & Money: Owning the Power to Control Your Destiny Women & Money: Owning the Power to Control Your Destiny

                                        ASIN: 0812217039

                                        Book Description

                                        For those who believe money is money, whether you are male or female, The New Working Woman's Guide to Retirement Planning shows why saving for retirement is different--and difficult--for women. Martha Priddy Patterson offers practical advice and usable solutions to the retirement planning obstacles women have to overcome.

                                        Although women are gaining equal pension coverage with men and women's wages are ever slowly increasing, the need for retirement saving and planning, for both women and men, has never been greater. Through her professional and personal experiences, Patterson--an attorney who has spent 15 years specializing in employee benefits law--found that women were not paying attention to their financial retirement future. Case studies of four women at different stages of their lives, with a variety of careers and career patterns, demonstrate how retirement benefits grow--or disappear.

                                        This new edition contains current up-to-the-minute information on new retirement planning options such as Roth IRAs, cash balance plans, SIMPLE plans, enhanced coverage of 401(k) plans, and the future of Social Security.

                                        Customer Reviews:

                                        5 out of 5 stars Tops in My Book!.......2000-06-03

                                        I read "The Working Woman's Guide to Retirement Planning" several years ago and was surprised to learn of the many reasons why women need to save for retirement differently from men. I put together my own retirement plan after reading it and now I'm retiring and taking my RV on the road for the next few years. I've read the updated version, "The New Woman's Guide to Retirement Planning," and hope many other women get as much out of it as I did the first one.

                                        5 out of 5 stars Lots of meat!.......2000-05-05

                                        As a financial advisor who specializes in working with women, I am so happy to see something for the general consumer that has a lot of meat to it. Usually most of the retirement information gets briefly mentioned and then brushed aside with a note that it's important stuff and you need to understand it--but there's usually no help given on how to understand it! This book provides the help in an easy to read and understand format. Love it!

                                        5 out of 5 stars Planning now to make the most of the years after the 9-to-5.......1999-12-17

                                        The tone of this book is both frank and positive in discussing the reasons working women may have a harder time saving adequately for retirement than men do and showing how women can make the choices now to take this matter into their own hands and solve it. I wanted to skim the book and summarize its high points, but the details were too good and I can only say, if you are a working woman, you will want to read this book now.

                                        Lyn Camire Senior Editor, Pensions and Benefits Thompson Publishing Group

                                        Books:

                                        1. The REPO Handbook (Securities Institute Global Capital Markets)
                                        2. The Successful Investor Today: 14 Simple Truths You Must Know When You Invest
                                        3. The Value Connection: A Four-Step Market Screening Method to Match Good Companies With Good Stocks
                                        4. The Vulture Investors, Revised and Updated
                                        5. The Wall Street Journal Guide to Understanding Personal Finance, Fourth Edition
                                        6. The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy
                                        7. The Way of the Warrior-Trader: The Financial Risk-Taker's Guide to Samurai Courage, Confidence and Discipline
                                        8. Tom Dorsey's Trading Tips: A Playbook for Stock Market Success
                                        9. Trader Vic II: Principles of Professional Speculation (Wiley Trading)
                                        10. Trading Chaos: Maximize Profits with Proven Technical Techniques (A Marketplace Book)

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