Offering Advice & Services to Traders | Investors | Funds
Taxes on Forex Trading Foreign currency gains and losses (including gains and losses on forward, future and option contracts) are taxed under Section 988. That means that forex trading gains are taxed at the short-term (ordinary) tax rates. There is an exception for what is called a "qualified fund" where an election can be made to treat profits from foreign currency trades under Section 1256 (mark-to-market and a blended rate of 60% long-term gain and 40% short-term gain (regardless of how long a position is held). However, the fund must be meet a statutory definition of "qualified fund" which has its principal business the trading of forward, future and option contracts. There are also other tests to meet the definition of a qualified fund. In a qualified fund currency futures--otherwise known as regulated futures contracts--are taxed under Section 1256. Forward contracts and over-the-counter options in other traded currencies for which there is also trading in regulated futures qualify as Section 1256 contracts (but after 2007, some doubt). Gains in a qualified fund from futures trading are taxed at the 60/40 blended rate. Call the IRS first if you are tempted to take wild tax return positions based on you have read elsewhere on the Internet on this topic.
Initial Consultation or Full Engagement? Start by speaking to Hannah Terhune, an experienced tax and hedge fund attorney. We determine the best approach for you and your investors' needs. Your consultation include an analysis of legal, tax and business planning issues. She will help you tackle the regulatory, tax and other matters upfront so that you have every chance for success.
This is an important business phase and we prefer to take the time to get it done right. If your plans make legal, tax and business sense we can start a full engagement with you. If there are legal, tax and business issues to be resolved, start with a paid consultation. If an initial consultation is appropriate, pay for either a 30 or 60 minute consult using PayPal or Google Checkout. You can also pay by credit card over the phone.
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Typically, we will be able to schedule your appointment with Hannah Terhune within 3 business days depending on your schedule and Hannah's schedule. You may also call the office at (307) 213-4732. If you need a same day appointment or have an emergency, slightly higher consultation fees may apply. We thank you in advance for your business! .
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Hedge Fund Startup Process and Procedures You should know how the hedge fund startup process works. We provide an initial consultation, create a detailed business plan, provide state and SEC filings, draft your offering documents, handle compliance issues, prepare your policies and procedures manual (if needed), advise on your operating structure, offer Chief Compliance Officer training, and a marketing plan for your business. Call (307) 213-4732 for a consultation to discuss your needs. In this consultation, you will speak toHannah Terhune, a veteran hedge fund and tax attorney.
CapitalManagementServicesGroup.com is recognized by discriminating fund managers and traders as being the foremost tax and legal authority in the business. Attorney Hannah Terhune's expertise and indispensable advice about hedge tax and law has appeared in over 100 publications worldwide. Chances are, if you've read about it, she's written it. Give us the opportunity to use that knowledge and experience for you. CMSG provides the best services and support needed for hedge fund projects and associated activities in one convenient place, saving you time and energy. No need to coordinate work between different firms; we handle the job right here, start to finish. Hedge fund and money management accounting, tax services, tax preparation, consulting, entity and retirement plan formation services. You receive the total package. Our professionals provide the highest quality services at competitive rates. But don't take our word for it, give us a call and let us prove what we can do.
Personal Consultations and Fees You get answers to your specific questions by speaking directly to Hannah Terhune, an experienced hedge fund attorney. Her hard won wisdom can save you unnecessary steps and wasted effort. The consult is a valuable opportunity to speak to Hannah one on one to learn how to achieve more in less time. The return on your investment more than makes up for the cost by helping you to avoid more costly mistakes. Fees are a necessary part of the consultation. Many years of study and training lead to being able to make a sound, informed and ethical opinion about plans. The expertise required to recommend solutions and provide advice should not be taken lightly. When you are finished with your consultation you will be more informed about your business plans than ever before. Call (307) 213-4732 or Click Here to Request Services.
Our Commitment Henry David Thoreau wrote: "Do not hire a man who works for money, but him who does it for love of it." We are committed to your business plans and bringing you the best possible options. We aim to establish an internationally recognized business that both educates our clients as well as the industry. We do this by striving for the best results. Above all, we are a law firm. A lawyer is a philosopher and role model. The ability to improve our clients' lives is a privilege that we do not take lightly. There is tremendous power in being able to effect a positive change in our clients' lives. Our aim is to welcome our clients and to provide a comfortable, warm environment for all. We feel that allowing clients to feel comfortable creates a field in which attorney and client can develop a well-based, sincere relationship that improves over time. We thank you for choosing to lend us your time in enjoying this web site.