TradeMatcher.com
Your Schedule D Solution
Special Note: A free PDF Year End Strategy Letter
to avoid Wash Sale issues is available for
download
| Service: |
Yes, we do the new Form 8949
documents for Tax Year 2012!
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 for years prior to tax year
2011. In 2013 for tax year
2012 we will produce IRS Form 8949 and the new Schedule
D format. Although the forms and reporting changed
again for tax year 2012, unlike tax year 2011, the
changes are evolutionary only this year and we are all
set to handle your reporting once again.
See what's
new for 2011.
Special Note:
For tax year 2012, the process cannot be
completed until you have received your 1099 from your
brokerage. New reporting requirements place the burden
on the taxpayer of reconciling their reporting on new
Form 8949 documents with the new reporting requirements
of the brokerages. What we will need to complete
the process for 2011 taxes is a Realized Gain Loss
Report from your brokerage which you believe to be
accurate in a CSV or Excel format as well as the 1099.
We will make an initial review to determine
whether the items reconcile and how many sets of Form
8949 documents must be completed. We will then
communicate to you the service fee that would be
required based on the reconciliations required.
While we remain committed to offering you the lowest
possible service fee, we simply cannot know in advance
your situation without review. Most service
fees from a reconcilable Realized Gain Loss Report will
be at the 34.95 or 49.95 service fee level. For
truly minimal situations we do have a 19.95 service feel
level. For difficult situations the service fee
can be 99.95, but in ALL cases, we will make the initial
review and trial reconciliations and quote you a firm
price with absolutely no obligation to you.
We still 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.
When we handle your your trading Schedule D matter,
we prepare pdf documents of the actual Form 8949
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. 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.
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| Compatibility: |
With regard to our Schedule D service, we can
handle data from
virtually any
brokerage which
provides your gain/loss report or 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 new 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 our quoted fee will cover 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.
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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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