Bucovina Tax Service

Bucovina Tax Service

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Small business family owned operated. Cornel Sorin Ilioi, Principal and Coca C. Ilioi, Secretary

Accounting * Bookkeeping * Notary Services * Translation * Income Tax Preparation (Individuals, Partnerships, Companies, Estates, Gifts, Non-profit) * AZ State and all the cities Sales Taxes * E-file * IRS Representation * Pay-roll Services

07/14/2023

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Traders Elect Section 475 For Massive Tax Savings 03/01/2023

Traders Elect Section 475 For Massive Tax Savings If you are a securities trader eligible for trader tax status (TTS), consider making a timely Section 475 election for 2019. Section 475 means you’ll avoid wash sales and the capital loss limitation, and you will become eligible for the 20% qualified business income deduction.

Sec. 475 Mark-to-Market Election 03/01/2023

Sec. 475 Mark-to-Market Election Under Sec. 475(f), taxpayers who are traders of stocks or other securities can make an election to mark to market the stock and securities they own in their capacity as traders at the end of each year.

Tax Tips For Traders Preparing 2022 Tax Returns 03/01/2023

Tax Tips For Traders Preparing 2022 Tax Returns Trader tax status (TTS) is the ticket to tax savings. If you qualify, you can claim some tax breaks, such as business expenses, after the fact and elect and set up other tax breaks — like Section 475 MTM accounting (tax loss insurance) and health insurance and retirement plan deductions.

How Traders Get Enormous Tax Deductions, And Investors Do Not 03/01/2023

How Traders Get Enormous Tax Deductions, And Investors Do Not Traders eligible for trader tax status deduct business expenses, startup costs, and home office deductions. A TTS trader may elect Section 475 for exemption from wash sale loss adjustments (deferrals), the $3,000 capital loss limitation, and to be eligible for a qualified business income deduction.

IRS to Delay Tax Deadline to Mid-May After Chaotic Year 03/18/2021

IRS to Delay Tax Deadline to Mid-May After Chaotic Year The Internal Revenue Service is planning to delay the April 15 tax filing deadline by about one month, giving taxpayers additional time to file returns and pay any outstanding levies, according to three people familiar with the discussions.

12/01/2020
09/23/2020

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4051 W Grandview Road
Phoenix, AZ
85053

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 11am - 5pm