TradeMatcher.com
Your Schedule D Solution
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Hello, and welcome to TradeMatcher.com. Our
firm will take your
list of trade
transactions and
turn those trades
into the IRS
Schedule D and
Schedule D-1
continuation pages. In 2012 for tax year
2011 we will produce IRS Form 8949 and the new Schedule
D format.
See what's
new for 2011. We make
this process
incredibly
easy. You get
accurate results
quickly and
inexpensively.
You also get the peace
of mind that comes with knowing
that your documents
were completed
by a
specialist.
We offer a $99.95 flat fee to match a single
account/single tax year to IRS Schedule D format (and
if you have two accounts we will handle the second
account at no additional charge). This fee is for
processing the actual trade
executions for the account(s), matching them with
offsetting sides producing accurate tax lots, generating
the Schedule D related
documents and includes signing the return with
Addendum materials. Additional
accounts beyond two for a tax year are $34.95 per
account. The
number of trades
matched is
unlimited. In
2008 we processed a
customer dataset in
excess of 101000
transactions, it
simply doesn't
matter whether you
have dozens or
thousands of
trades.
If you have a realized gain loss report from the
brokerage which you are satisfied is accurate and you
only need the report converted to IRS form documents, we
can do this as well for only $29.95 no matter how many
pages the Form 8949 or Schedule D-1 (for years prior to
2011) takes. We make sure the
long term and short term items are properly segregated
and check all final totals against the original reports,
but we do not sign the return for this service and we
will be relying upon the lot matching the broker has
provided as correct. If you have such a report and
are simply unsure whether it can be used as accurate, we
can analyze your situation and advise you whether it is
sufficient or whether you need our full service.
Because preparing tax returns is seasonal, we
offer a premium rate for an early subscription to our
service. This allows us to properly match our
staffing to service the demand we will face. We will also be
able to send you personalized reminders helping you to
collect information we will need in the process in a
timely fashion and schedule the service so it is
available to you without fail. If you are interested in
subscribing per this early opportunity offer, send an
email to the address at the bottom of the page
indicating your desire to do so, and we will reply to
you and get you enrolled.
When we handle your your trading Schedule D matter,
we prepare pdf documents of the actual Schedule D-1
documents which we return to you electronically.
We can also prepare the IRS Form 4797 with
continuation pages if you have elected mark-to-market
accounting (MTM). You will also receive
supporting documents in spreadsheet format if you
wish. We sign our part of the return with our IRS
identification numbers and provide an Addendum to
Jurat to include with the return where we attest to
the results under penalty of perjury. If you
have had difficulty with existing software offerings,
we invite you to experience having this annual process
performed professionally as a service at less cost.
While preparing Schedule D related documents is our
main focus, Mr Durden is also available for general
consultation pertaining to legal issues of interest to
traders such as entity formation questions,
Mark-To-Market election questions, etc. Such
engagement requires a separate contractual agreement,
and the current firm billing rate for such engagements
is $160 per hour billed in 1/10 hour increments.
There is of course no charge for an initial phone
consultation to determine whether such further
representation would be appropriate for your situation.
We also have a close affiliation with other CPA's and
attorneys who may be more appropriate for your situation
and we will always try and guide you to the most
appropriate level of service.
Mr. Durden is also available for speaking engagements
or media contributions and inquiries are welcome.
The single topic that is most consistently in demand
relates to the "wash sales" rule, understanding it and
avoiding negative impacts from it.
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| Compatibility: |
With regard to our Schedule D service, we can
handle data from
virtually any
brokerage which
provides your trade
history as a
downloadable
file. Our
preferred format is
an Excel or CSV
(comma separated
values) file.
However we have the
ability to
manipulate
virtually any
uniform transaction
list to the
required
format. If
you can download
it, we can almost
certainly clean,
format, match and
calculate gain or
loss.
You may have heard that the financial
industry is increasing its year end 1099 reporting
detail under the cost basis reporting requirements.
This means that in future years brokerages will be
required to provide you with more detail, usually in the
form of additional gain/loss reporting purporting to match trades at
cost basis and purporting to show wash sale items.
HOWEVER, even as the law is phased in over the
next few years, the brokerages' reporting obligations will
still NOT be completely consistent with the
trader/taxpayer's obligations under IRS law. Under
current law to be phased in starting 2011, the brokerages are specifically exempt from
certain requirements the IRS does make of traders on their
returns. If you receive such a gain/loss report from a
brokerage, you will generally see disclaimers at the end
that such gain/loss report is not to be relied upon for
tax purposes! We can help you bridge this
gap. Where we do the full processing, our documents are specifically designed to be
accurate, and to be used for tax purposes. If we
assess the situation and it turns out that your
existing Gain/Loss report can be used by simply carrying the
figures to the required format of the Schedule D-1 forms, we
can indeed do this as well, and will do so at a reduced fee
from our normal processing ($34.95).
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| Special
Competencies: |
In order to provide our level of personalized
and customized service, we use very specialized software developed and
maintained by our firm and audited over
a range of test
data sets we
maintain to ensure
correctness. The software allows our staff to
capture basic information and data as quickly an
efficiently as possible so that we can offer the service
as economically as possible.
Every set of trades
we match receives a
final review
against a multipoint checklist
before it is
released back to
you. We also have a unique multistage verification
process where we get specific check values at several points
in the processing that enables us to know that the
processing is valid for the data provided.
Your
confidentiality is
guaranteed, and your
satisfaction is
guaranteed. Because we are paid preparers
signing the return, we are
required to maintain our results for a period of time
consistent with IRS requirements. We maintain the
data in encrypted format on redundant storage that is
not accessible via any network access and which is
stored in fireproof storage. The retained data
we do keep will also make the information collection process much
easier every year after the first year as we will have
all wash sale adjusted basis information on file.
You may be surprised that we do not request
payment until we
have completed the
processing for your
review. We have found through several years of
experience that you will almost certainly be delighted
with the service you receive and will wish to return
again and again in the future. And so, our custom is to deliver final
results to you before directing you to the payment link.
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Remember $99.95 covers any single account for a
single tax year no matter how many trades. If
you have 2000 transactions or 20000 transactions, you
know your final cost up front with no extra "baskets"
of transactions to purchase.
Or, if you are
indeed satisfied that your existing gain/loss report
is accurate and ONLY want the report turned into
Schedule D documents, our charge is $34.95.
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| History:
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With regard to our whereabouts and background, we
are located on a barrier island just outside of
beautiful and historic Savannah, Georgia. The founder has been
preparing Schedule
D formatted data
for traders since
1998. We would like to add you to our list of
satisfied customers!
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| Details: |
For any additional details we invite
you to contact us by phone or email. The process
will generally begin by obtaining a
download of your current year's trade
history or trade
transaction list
from your brokerage
firm. We will have you email
the data to us as
an email attachment
and we will take it
from there.
Generally, there will be a telephone consult to
collect additional information and a process where we
confirm year end positions and a process where we
collect an additional period of data relevant to wash
sale calculations. We will review and
adjust the dataset several times to assess the results
at our multiple confirmatory checkpoints,
match and
review the
transaction
results, and send
you final result
files in
appropriate
format. Only
when we complete
the process will we
ask you to pay for
our service by
secure online
payment
process (unless you have opted for early enrollment at
our premium rate). We
accept all major
credit cards or
payments via the
PayPal processing
system.
For
even more details about
how the processing
works click here
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Have questions or need more
information?
Feel free to contact
us for any additional
information. We are always happy to
answer your questions because we
expect that once you speak with us,
we will be adding a new
client. Our primary growth is
by referral, and we would be
delighted to add you to our list of
satisfied customers.
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