Employee Stock and Stock Options Plans

  Stock option plans and other stock plans let you compensate your employees or independent contractors for improving the value of the company without making them immediately liable for taxes on the value of their stock or options. There are several variations. These include:   Classic stock options: Employee or Contractor purchase rights, exercisable immediately…

Exit Plans Do Not Always Require A Sale

Exit Plans Do Not Always Require A Sale So what else can you do besides selling? What constitutes a successful business exit? A few examples, which does not need to include selling everything to strangers as part of your plan: All in the family: The Tuttle family, of Dover, New Hampshire, kept a dairy operation…

IRS Seizes Cash Deposits

The New York Times this week described an asset forfeiture case involving a restaurant with routine cash deposits of less than $10,000. http://www.nytimes.com/2014/12/14/us/irs-asset-forfeiture-case-is-dropped-.html?_r=0 Take-away: Get the information for a Form 8300, including taxpayer information numbers, for cash payments, even those involving non-terrorist items like Iowa eggs and bacon for breakfast, or risk equivalent (and unjustified) government…