FOR IMMEDIATE RELEASE
For information, contact:
David N. Eich, President
Armen Computing Ltd.
286 Bethany Ct., Inman SC 29349
Phone: 800-372-6078
Fax: 864-439-7863
contact us by email
ARMEN COMPUTING LTD. SIGNS MARKETING AGREEMENT
FOR ITS TRADELOG™ SOFTWARE WITH FIDELITY BROKERAGE SERVICES LLC
INMAN, SC – December 7, 2006 — Armen Computing Ltd. today announced a new marketing agreement for its TradeLog™ tax lot accounting software program with Fidelity Brokerage Services LLC. Fidelity owns and operates a leading online brokerage web site at www.fidelity.com and is one of the largest brokerages in the world.
Fidelity chose TradeLog™ as one of only two solutions being offered from their web site for portfolio and cost basis tracking of client accounts for tax purposes. TradeLog™ is the only tax lot accounting and trade analysis software program designed specifically for the needs of active traders, and is delivered exclusively via our web site at: www.armencomp.com.
Capital Gains, Wash Sales, and Schedule D at your fingertips
TradeLog™
simplifies the process of importing and matching online trade history and has
the broadest support for online brokers in the industry. There is
no need for complex spreadsheets or reformatting of data. Our new brokerConnect™
import method requires only a few mouse clicks and your Fidelity trade history is immediately downloaded, imported, and matched
for capital gains and wash sales.
TradeLog™ boasts the most sophisticated trade matching, capital gains, and wash sale computations of any software on the market. And it does all of this extremely fast. Unlike most personal finance and tax software programs, or web services designed for low volume investors, TradeLog™ has been optimized to handle tens of thousands of records.
The IRS Schedule D-1 attachment report is suitable for filing with your taxes, or your gains and losses can easily be exported to a TXF file which can then be imported into most major tax software tools such as TurboTax and TaxCut.
A product version for every budget
TradeLog™ one-year subscriptions start at only $69 and include a version for mark to market accounting.
Annual subscription renewals are available at a 20% discount from list. A free trial version is also available for
immediate download which is limited to 20 transactions and 30 days of use.
Superior technical support
In an age of scaled back support, we feel that our customers deserve to speak
with a live person. Therefore all product versions come with unlimited free
support and updates. Standard support hours are 9 am to 5 pm EST, Monday through
Friday via email, fax, or phone.
About Armen Computing Ltd.
TradeLog™ software has been developed by Armen Computing
Ltd. which provides automated tools and services to the active trader community. Armen Computing Ltd. is headquartered in South Carolina, USA and has been
operating over the internet since February of 2000.
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For information, contact:
David N. Eich, President
Armen Computing Ltd.
286 Bethany Ct., Inman SC 29349
Phone: 800-372-6078
Fax: 864-439-7863
ACTIVE TRADERS IN DESPERATE NEED OF HELP WITH IRS SCHEDULE D
Matching tax lots, calculating wash sales and capital gains, and then getting
them
entered on a schedule d can be nightmare for active stock and option traders!
INMAN, SC., February. 22, 2005 -- By far the most complex IRS form to fill out come
tax time, if you are an active trader or investor, is the IRS 1040 Schedule D.
Manually matching hundreds or thousands of trades, calculating the correct
capital gain or loss for each, and then entering them one line item at a time on
a schedule d is a monumental task.
“Sad to say, most personal finance and tax software programs, commonly used by
traders attempting to file their taxes, do not handle these complex calculations
properly. And none calculate wash sales per IRS requirements” states David N.
Eich, President of Armen Computing Ltd.
“Equally sad is the fact that most online brokerages provide a Form 1099 each
year that only reports stock sales. Imagine how daunting it can be for an active
trader or investor, who routinely trades both stocks and options, to match each
sale with the appropriate purchase, and then determine an accurate gain or loss
for each lot sold.”
Help is on the way
Armen Computing Ltd. announced today a major new release of their TradeLog™ and
GTT TradeLog™ trade accounting and tax software programs for active traders.
(www.armencomp.com/tradelog)
TradeLog™ makes short work of the above mentioned accounting nightmare by
allowing traders and investors alike to import and match an entire year’s worth
of trades right from their online broker’s web site. All sales and purchases are
properly matched, and capital gains and losses are quickly calculated for each
and every trade. A simple report functions as a Schedule D attachment (Schedule
D-1) for tax filing purposes.
The dreaded IRS Wash Sale Rule
But the real power of TradeLog™ lies in its ability to accurately apply the IRS
wash sale rule. Calculating wash sales on short and long trades, on unequal
numbers of shares, across “substantially identical” securities such as options
and underlying stocks, and across multiple brokerage accounts is a major
headache for anyone trying to prepare their trader tax return.
TradeLog™ is a simple to use program that fills this critical year end tax
accounting need, while also providing the ability to import a proper accounting
of capital gains and wash sale adjustments into most popular tax software
programs.
New features in version 5 include lightning fast calculations, a new OFX import
capability, invaluable new reconciliation tools, and enhanced Mark to Market
reporting options (GTT TradeLog only). As with previous versions, Armen
Computing’s extensive support service remains available to all users.
Software versions range in price from $49 to $349 and all versions come with a
robust suite of portfolio tracking and trade analysis tools.
###
FOR IMMEDIATE RELEASE
For information, contact:
David N. Eich, President
Armen Computing Ltd.
286 Bethany Ct., Inman SC 29349
Phone: 800-372-6078
Fax: 864-439-7863
ARMEN COMPUTING LTD. SIGNS JOINT MARKETING AGREEMENT
FOR ITS TRADELOG™ SOFTWARE WITH FAIRMARK PRESS INC.
INMAN, SC – January 31, 2005 — Armen Computing Ltd. today announced a new joint marketing agreement for its TradeLog™ trade accounting and tax software program with Fairmark Press Inc. Fairmark owns and operates a leading investor tax web site at www.fairmark.com and is a leading contributor of tax topics to Yahoo Finance as well as others.
“We get countless questions from people struggling to comply with the wash sale rule and other tax laws for capital gains,” says Kaye Thomas, author of the book “Capital Gains, Minimal Taxes” and founder of Fairmark Press.
TradeLog offers a solution that's easy and accurate
Delivered exclusively via the internet at
www.armencomp.com/tradelog,
TradeLog™ software is the only trade analysis and tax accounting software
program designed specifically for the needs of active traders.
Simplified Capital Gains, Wash Sales, and Schedule D
With the broadest support for online brokers in the industry, TradeLog™
simplifies the process of importing and matching online trade history. There is
no need for complex spreadsheets or reformatting of data. Simply select and copy
your online trade history and with a click of a button, all of your trades are
imported and matched.
TradeLog™ boasts the most sophisticated trade matching, capital gains, and wash
sale computations of any software on the market. And it does all of this
extremely fast. Unlike most personal finance and tax software programs, or web
services designed for low volume investors, TradeLog™ has been optimized to
handle tens of thousands of records.
The Gains and Losses report generated by TradeLog™ can easily be exported to a
TXF file format, which can then be imported into most major tax software tools.
A product version for every budget
TradeLog™ trade and tax accounting program versions start at $49 for 100
transactions, $97 for 300 transactions, $197 for 1000 transactions and $297 for
an unlimited number of transactions per brokerage account. GTT TradeLog™ for
mark to market accounting costs $349. A free trial version is also available for
immediate download which is limited to 20 transactions and 30 days of use.
Superior technical support
All product versions come with free support and updates for a period of one year
after date of purchase. Standard support hours are 9 am to 5 pm EST, Monday
through Friday via email, fax, or phone. Yes, you heard it right -- TradeLog™ is
the only software in this market that includes live technical support via
telephone. Most competitors do not even publish their phone number!
Annual renewals of support and updates for the unlimited versions of TradeLog™
and GTT TradeLog™ are available at the reduced costs of $175 and $225
respectively.
About Armen Computing Ltd.
TradeLog™ and GTT TradeLog™ are software products developed by Armen Computing
Ltd. which provides automated tools and services to the active trader community.
Armen Computing Ltd. is headquartered in South Carolina, USA and has been
operating over the internet since February of 2000.
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