If you’re an executive or other key employee, you might be rewarded for your contributions to your company’s success with compensation such as restricted stock, stock options or nonqualified deferred compensation (NQDC). Tax planning for these forms of “exec comp,” however, is generally more complicated than for salaries, bonuses and traditional employee benefits.

October 28, 2017 Stuart Mordfin, CPA, CGMA RESTRICTED STOCK, medicare tax, net investment income tax, affordable care act, married filing jointly, married filing separately, fair market value, modified adjusted gross income, NIIT, stock options, ACA, executive, key employee, nonqualifed deferred compensation, NQDC, exec comp, traditional employee benefits, applicable threshold, section 83(b)
Read More »
In the quest to reduce your tax bill, year end planning can only go so far. Tax-saving strategies take time to implement, so review your options now. Here are three strategies that can be more effective if you begin executing them midyear:
August 12, 2017 Stuart Mordfin, CPA, CGMA medical expenses, kiddie tax, deductible expenses, defer income, net investment income tax, affordable care act, tax rate, married filing jointly, investment income, capital gains rate, modified adjusted gross income, NIIT, tax saving strategies, income producing asset, consider your bracket, shift income, health insurance premiums, taxible income, head of household, married filing seperately, parents marginal rate, unearned income, dependent child, depreciated investments, generate losses, MAGI, long term care insurance premiums, medical services, dental services
Read More »
Your compensation may take several forms, including salary, fringe benefits and bonuses. If you work for a corporation, you might also receive stock-based compensation, such as stock options. These come in two varieties: nonqualified (NQSOs) and incentive (ISOs). With both NQSOs and ISOs, if the stock appreciates beyond your exercise price, you can buy shares at a price below what they’re trading for.
August 5, 2017 Stuart Mordfin, CPA, CGMA TAX PLANNING, net investment income tax, salary, incentive stock options, fair market value, NIIT, estimated tax payments, stock options, fringe benegits, bonuses, stock based compensation, nonqualified stock options, bargain element, excercise price, disqualified disposition
Read More »
If your estate plan includes one or more trusts, review them in light of income taxes. For trusts, the income threshold is very low for triggering the:
July 8, 2017 Stuart Mordfin, CPA, CGMA income tax, trusts, income threshold, net investment income tax, capital gains rate, income tax rate, NIIT, completed gifts, investment strategy, nongrantor trust, distribute income, beneficiaries, future generations, grantor trusts, intentionally defective grantor trust
Read More »