Tom Healy wrote:

- quote -

It is short term gains because it is not a form of earned
income.

- quote -

You do know that some spam address harvesting machines look for email
addresses "...[at]...com" in the usenet posting content, right?

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- quote -

Either way its capital gain. Ordinary income only applies
to securities DEALERS.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

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- quote -

I presume foreign exchange. (i.e., currency futures).

There's an interesting question here of whether the OP is a
trader or merely an investor. That is, will the trading
profits be reported as capital gains or ordinary income. In
the former case, a salary may not be appropriate.

--
Thomas E Healy, CPA, PC
1650 38th St., Ste 202W
Boulder, CO 80301
Please send email to: tom[at]tomhealycpa.com, since I block all email at my
newsgroup address.
phone (303) 443-1804
fax (720) 489-3772

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David Woods, EA, ChFC, CLU wrote:
- quote -

Right; But you knew I was thinking only in those terms.

ChEAr$,
Harlan Lunsford, EA n LA
Sun, 9 Jan 2005

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"Harlan Lunsford" <hnslunsford[at]bellsouth.net> wrote:
- quote -

Not if its not a trade or business it shouldn't.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

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"Harlan Lunsford" <hnslunsford[at]bellsouth.net> wrote:
- quote -

Currencies.

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Brian Corll wrote:

- quote -

You perform services for the corporation, do you not? Of
course you must pay yourself a salary.

Katie in San Diego

The foregoing is intended for educational purposes only and
does not constitute legal or professional advice.

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Brian Corll wrote:

- quote -

Any S corp which has a profit, SHOULD have been paying any
working shareholder officer a salary.

What`s "forex" btw?

ChEAr$,
Harlan Lunsford, EA n LA

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Do I need to pay myself a salary if I am a forex trader
trading through an S corp solely devoted to trading ?

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