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This New Election Allows Employees to Defer Income from Exercising Stock Options or RSUs for Up To Five Years Using Section 83(i)

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An employee who receives equity-based compensation may have to pay tax when they receive or exercise stock or options, but the terms of the grant (such as a vesting period) may not allow them to exercise the option and/or sell the shares until a later date, leaving the employee with a tax bill and no way to liquidate their options to pull together the cash to pay the taxes due. The new Section 83(i) election aims to resolve this timing difference.

Changes to Depreciation Limits on Luxury Automobiles

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The 2018 tax law changed depreciation limits for passenger vehicles placed in service after Dec. 31, 2017, with the greatest allowable deduction for year one now going up to $18,000 (with bonus depreciation) and $10,000 (without bonus depreciation).

June 2018 Client Bulletin

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Our June client bulletin takes a look at how small businesses cope with summer vacations, the IRS giving a thumbs up on home equity deductions, and how a retirement bucket plan can help navigate a volatile market.

May 2018 Client Bulletin

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Our May 2018 client bulletin takes a look at how the new tax law affects divorce, stretching for yield in your investments (carefully), and the new tax law’s change to the deductibility of entertainment expenses.

April 2018 Client Bulletin

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Our April 2018 client bulletin takes a look at how to know your true tax rate, rethinking retirement contributions, Roth IRA conversions, state and local taxes, medical deductions and the new pass-through entity deduction.

March 2018 Client Bulletin

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Check out our March 2018 client bulletin for a look at weighing the risks of bond funds, two five-year tests for Roth IRAs, and how small companies can address harassment issues.