Author Description

Product Description It's hard to believe, but when you exercise an employee stock option, you could owe a tax without having the cash to pay it! In this book, Michael Gray, CPA helps to chart the way through a minefield of tax traps surrounding equity compensation. Whether you are an employee wrestling with managing your employee stock options, stock grants or ESOP benefits, or an advisor helping a client manage these issues, you will find Secrets of Tax Planning For Employee Stock Options, 2014 Edition to be an invaluable reference. "During the tech boom, Silicon Valley workers had surprisingly few places to turn for help with their stock options. Mike Gray was one of them, providing an authoritative voice of prudence in a time of irrational exuberance. Steeped in the complexities of tax laws and strategies, he was among the first to co-author a primer to help workers understand how options worked and how to take money off the table. Secrets of Tax Planning delves much deeper, providing detailed explanations that should serve as a helpful resource for tax pros, investment managers and financial planners and undoubtedly a few do-it-yourself engineers." Mark Schwanhausser Personal finance reporter San Jose Mercury News San Jose, California Have a specific question? Our detailed table of contents will guide you to the answer. Mr. Gray illustrates the concepts in the book with many examples to make his explanations clear and understandable. Major events are highlighted, including receiving unvested options, termination of employment, divorce, estate planning and death. The chapter on incentive stock options includes a clear explanation of how the alternative minimum tax applies and how the alternative minimum tax credit is recovered. There is also a chapter about related issues, such as the challenge of swamped employees in managing their options, diversification, identifying securities sold, what to do when you don t have the cash to pay the tax, and whether interest