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Small Business Tax Deduction Strategies: 10 tips on Section 179, home office write-offs for the self-employed, tax deductions for vehicles, rental depreciation, real estate capital gains and more!
Q. My father, who was a widower, died earlier this year. My sister and I are the beneficiaries of his estate. He left several qualified company stock options unexercized. Are the options still valid? M.J., Sarasota, Fla.
A. Yes. Generally speaking, a qualified stock option— otherwise known as an incentive stock option (ISO)—must be exercised within three months after the employee retires or otherwise leaves the company. But representatives of the estate can qualify for an exception to this rule. Tip: This is a complex area of law, so consult with the estate’s executor and/or your tax pro.
Small Business Tax Deduction Strategies: 10 tips on Section 179, home office write-offs for the self-employed, tax deductions for vehicles, rental depreciation, real estate capital gains and more!
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Employee stock options outlive owner
- By Small Business Tax Strategies
- 5/29/2006 - 8:30pm
- Small Business Tax
Small Business Tax Strategies
Smart small business owners save thousands of dollars per year on their personal and business taxes by taking advantage of the legal loopholes that the government creates for their unique tax situation. Small Business Tax Strategies cuts through tedious tax code to reveal the bonanza of completely legal opportunities to grow personal wealth and secure an enjoyable retirement. Learn more about Small Business Tax Strategies and the two free reports you’ll get when you subscribe...
A. Yes. Generally speaking, a qualified stock option— otherwise known as an incentive stock option (ISO)—must be exercised within three months after the employee retires or otherwise leaves the company. But representatives of the estate can qualify for an exception to this rule. Tip: This is a complex area of law, so consult with the estate’s executor and/or your tax pro.
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