In this video, Toby Mathis breaks down what truly defines a day trader, why the IRS makes this classification so complicated, and how the facts-and-circumstances test has shaped the tax landscape for traders.

Because there’s no clear tax code defining trader status, many people end up in court simply trying to prove they qualify.

Register for a FREE upcoming workshop today to learn advances tax strategies and asset protection. Save Your Seat ???? https://aba.link/f4e155

Toby explains the real tax difference between investors and traders, including how investors are limited under Section 212 after the Tax Cuts and Jobs Act eliminated most miscellaneous itemized deductions.

Would you like to learn more about minimizing your taxes? Schedule a free tax consultation here ???? https://aba.link/81047e

Investors can only write off margin interest up to their investment income and have very few opportunities for additional deductions.

Traders, however, operate under Section 162, which allows them to deduct ordinary and necessary business expenses—opening the door to far more powerful tax advantages.

You’ll learn why traders began filing Schedule C, why the IRS frequently audits sole proprietors, how capital gains and losses impact both investors and traders, and what happens when traders try to claim expenses in the wrong place.

???? Don't forget to subscribe for more insights on real estate investing and business strategies!

Show Notes:
0:00 Intro – #1 tax strategy for day traders
1:00 Investors vs. traders and key tax differences
2:20 Schedule C vs. Schedule D and audit risk
3:30 Capital gains, capital losses, and the $3,000 limit
5:31 Mark-to-market election (Section 475) explained
8:31 How to qualify as a trader – the 3 main tests
12:08 The loophole: C corporation + LLC family office structure
15:05 Asset protection, tax savings, and legacy benefits
16:50 Free tax and asset protection training + closing call to action
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Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now ???? https://aba.link/c6cf59


OTHER ANDERSON ADVISOR EVENTS
Learn a rich selection of subjects like tax and asset protection, business, investing, and more. Our attorneys and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life.
https://aba.link/tobyevents

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FINANCIAL PLANNING & TAX RESOURCES

???? Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: ???????? ???? https://aba.link/IIWbook

Order Your Copy of ”Tax-Wise Business Ownership" and find greater success by taking advantage of tax laws for your business. Here ???? https://aba.link/tobyshop

Visit Anderson Advisor's website for content, like articles, podcasts, and more that we publish alongside my channel. ???? https://aba.link/tobyaba

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CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545

ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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WARNING: I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture.

The information provided in this video should not be construed or relied on as financial, investment, or legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#daytrading #taxstrategy #stocktrader #stocks #tobymathis

Want to Learn More ❓❓ Get info on My Strategy and Courses here: https://www.warriortrading.com/trading-courses/

Before we continue...????

????Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.

❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.

❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/

???? All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.

✔️If you don’t agree with those terms and our full disclaimer - https://www.warriortrading.com/disclaimer - you should not continue watching our videos.

Still with me?

Now let’s dig into some helpful information …

What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/

And check out my broker statements here ???? https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/

Our website is filled with free info ???? Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/

Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class ???? Register here: https://www.warriortrading.com/free-day-trading-class/

Wondering what I think the All Star Day Traders out there have in common? ???? Read this blog I wrote https://www.warriortrading.com/all-star-traders/

#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior

Capital gains taxes, explained.

Subscribe to our channel! http://goo.gl/0bsAjO

The richest in America don't make money like most Americans. Most people pay income taxes from a regular job. But many in the top 1% make money off their investments, like stocks, and pay capital gains taxes. While normal income has a maximum tax rate of 37%, long-term capital gains tops out at just 20%. Changing that rate, and some loopholes that benefit the wealthiest, is seen as one way to tax the rich.

Read more about how the richest avoid paying income taxes from Vox:
https://www.vox.com/22432338/joe-biden-tax-plan

And an investigation from ProPublica:
https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax

For more information about Elon Musk's loans:
https://www.wsj.com/articles/elon-musk-techs-cash-poor-billionaire-11588967043

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It's payday and you can't wait to cash that check, when suddenly you see that there are hundreds of dollars missing! Then your eyes spot the deductions. Federal tax, and State tax. You would be rich by now if it weren't for taxes, and then it hits you, you're just never going to pay taxes again! Check out our new video to find out what happens if everyone just decided to stop paying taxes!

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???? SOURCES: https://pastebin.com/wkKrMNYK

All videos are based on publicly available information unless otherwise noted.

The tax code is over 70,000 pages long, so it's understandable why so many people find taxes to be challenging, but I'm here to help explain taxes simply and easily for everyone with my tax basics for beginners.

Book a Tax Services Discovery Call: https://schedule.lyfetaxes.com/discoveryapplication

If you watch this entire video then you will discover:
- How the tax system works
- How taxes are calculated (looking at taxable income, tax deductions, and tax credits)
- Why taxes work differently for businesses and investors
- Review how to file a tax return
- How to put together a tax plan

Timestamps
Taxes 101 (0:00)
#1 What are taxes? (1:50)
#2 How tax system works (3:15)
#3 How taxes are calcualated (5:50)
#4 Tax Deductions vs Tax Credits (7:34)
#5 Tax Incentives (9:15)
#6 Different Types of Income (11:25)
#7 How to File Taxes (13:00)
#8 How to Create a Simple Tax Plan (14:42)
My Little Secret (17:37)

Other Relevant Taxes 2022 Videos:
How to File Taxes as an LLC Owner: https://youtu.be/vqsghJV1AbU
How to File Taxes as an Individual: https://youtu.be/A8BhyHhjF8I
15 Individual Strategies to Reduce Taxes: https://youtu.be/nIxn2HqUffI
How Tax Planning can Save Millions: https://youtu.be/93Y-s-Dx-No
7 Popular Tax Write-Offs That Could Trigger an IRS Audit: https://youtu.be/vbg-b9D3bsQ

Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos!

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

If you're a business owner & want to save on taxes, apply to work with Jaspreet's partner tax firm! https://www.thecwealth.com/jaspreet/
*Please note, if you do use this tax firm, Jaspreet will be compensated. There's no additional cost to you.


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Recommended:
Robert K Interview (How To Make Millions In The Coming Market Crash): https://youtu.be/JaIgHxGUSVE&list=UUT3EznhW_CNFcfOlyDNTLLw
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What Is The Minority Mindset?
It's thinking differently than the majority of people.

Minority Mindset was founded to revolutionize the way Money Minds think about money and to make financial literacy fun. We do this by sharing videos, articles and resources on how to make, save and invest money. #RethinkRich


My recommended tools! Please note: Although these are our sponsors & advertisers, meaning we get compensated if you use them, these are companies that I trust and use or have used. It doesn't affect my recommendations or advice.
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➤ Real Estate Investing Online
1) ???? Fundrise - Invest in real estate with as little as $100! See the historical returns here:
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This Video: https://youtu.be/248o4zc9RmI
Channel: https://www.youtube.com/MinorityMindset

Video host: Jaspreet Singh

DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you.

DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

Robert Kiyosaki’s SECRET Tax Hacks PART 1
https://www.youtube.com/watch?v=fY4OKy54Yfs

Discover a way to pay fewer taxes legally, deductions you can apply and the three strategies Robert Kiyosaki uses to pay 0% in taxes.

Regular employees pay about 40% in taxes while self-employed people like doctors, lawyers & accountants pay 60% tax. Business Owners, on the other hand, pay 20% tax with investors paying 0% in taxes. Wouldn’t you want to be on the right side of the CASHFLOW Quadrant? It is absolutely possible to go around paying 0% tax. You don't have to be a crook to not pay taxes, you just have to be smart. 

In fact, the government doesn’t want you to pay taxes. They use taxes as incentives to get you to do what they want you to do. 

Best known as the author of Rich Dad Poor Dad-the #1 personal finance book of all time—Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve.

With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.

Robert’s most recent books—Why the Rich Are Getting Richer and More Important Than Money—were published in the spring of this year to mark the 20th Anniversary of the 1997 release of Rich Dad Poor Dad. That book and its messages, viewed around the world as a classic in the personal finance arena, have stood the test of time. Why the Rich Are Getting Richer, released two decades after the international blockbuster bestseller Rich Dad Poor Dad, is positioned as Rich Dad Graduate School. Robert has also co-authored two books with Donald Trump, prior to his successful bid for the White House and election as President of the United States.

#robertkiyosaki #richdadpoordad #millennialmoney

http://www.richdad.com

Facebook: @RobertKiyosaki
https://www.facebook.com/RobertKiyosaki/

Twitter: @TheRealKiyosaki
https://twitter.com/theRealKiyosaki

Instagram: @TheRealKiyosaki
https://www.instagram.com/therealkiyosaki/