Anonymous
Not applicable

How to find an accountant for Trader

As it has been discussed here many times. Most CPA are kind of auditors and they may have taken 1 or 2 or minimum number of tax courses on TAXES and they are not specialists.

 

Traders or investments have very particular tax issues. I have seen in reports outside or New York or Chicago area it is very hard to find accountants who have specialization in this area.

 

Most accountants are self employed and it is like you "you eat what you kill" so no will say no if they "know how to do taxes for traders or public traded securities". As a matter of fact many will be offended if asked if they handle taxes for traders. Many options have very peculiar tax issues.

 

How do I find accountant in my area or even outside? TT is very big firm so they spend lots of money on security and software and now sure how individual CPA operates?

 

How are TT live or Full Service service offered by Intuit? It is lot cheaper (much cheaper than any CPA) but not sure if they have right kind of accountant and even make an effort to find one suitable for you.

 

Other question if someone has a particular specialization, why would they work for TurboTax when perhaps they can make lot more money else where (I am NOT sure about  TurboTax compensation/payroll structure).