YOU CAN OWE A TAX WITHOUT HAVING THE CASH TO PAY IT!Navigate the "minefield" of special tax rules and investment risk with insights that employees who receive stock options will find invaluable, in a "plain talk" explanation that doesn't require a lot of tax knowledge.
Here are the three types of employee stock options discussed:
-Incentive stock options
-Nonqualified stock options
-Employee stock purchase plans
Includes a chapter on stock grants (RSUs), an explanation of how the dreaded "alternative minimum tax" applies to the exercise of incentive stock options, and an Options Comparison Chart to highlight the differences of the options.
"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."
- Mark Schwanhausser
Personal finance reporter
San Jose Mercury News
San Jose, California
Michael Gray, CPA writes a monthly email newsletter, Michael Gray, CPA's Option Alert. Michael Gray has been quoted in the Wall Street Journal, New York Times, San Jose Mercury News, San Francisco Chronicle, and many other publications.
About the Author: Michael C. Gray founded his CPA firm, Michael Gray, CPA October 1, 1996. He has continuously worked in public accounting since June 1974. Mike was a co-founder and partner in charge of tax services of Hubler, Gray and Associates from June 1986 through September 1996 and a tax manager at KMG Main Hurdman, subsequently acquired by KPMG Peat Marwick, from February 1978 to June 1986.
The areas of practice that Mike has focused on include tax planning for individuals, estate and trust planning and administration, tax planning for businesses, tax examinations, and tax procedure. He also assists other tax practitioners in dealing with complex tax issues.
He currently writes three free email newsletters Michael Gray, CPA's Tax and Business Insight, Michael Gray, CPA's Option Alert and Michael Gray, CPA's Real Estate Tax Letter, and has a blog at michaelgraycpa.com. You can also watch episodes of his TV show, Financial Insider Weekly, on Youtube.
Mike has given many presentations and written many articles on tax subjects, including for the California Society of CPAs, Silicon Valley Bar Association and Santa Clara County Bar Association.
Mike has been a CPA in California since March 1977. He received his BS in accounting and MBA at San Jose State University in June 1974 and June 1978, respectively. He is a past president of the Silicon Valley San Jose CPAs, past chairman of the tax committee for the Silicon Valley San Jose CPAs and past member of the state tax committee for the California CPAs. He is also a member of the Santa Clara County Estate Planning Council, and has been involved with the Executive Planning Committee of the Tax Section for the Santa Clara County Bar Association.
An article about the Web Site for Michael Gray, CPA appeared in the October 1997 Journal of Accountancy. KNTV News also featured a story on his Web Site in the Technology section of the Six O Clock News, and he has been profiled in The San Jose Mercury News. Mike has been quoted in The San Jose Mercury News, The San Francisco Chronicle, The Wall Street Journal, and The New York Times.
He is the author of Secrets of Tax Planning for Employee Stock Options, Employee Stock Options Executive Tax Planning, The Real Estate Tax Handbook, and How to Use Roth & IRA Accounts to Provide a Secure Retirement.
