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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Accounting

Date & Time
  • event Date

    Wednesday, March 25, 2020

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

$197.00
CPE
ALL

This course will give tax advisers, corporate tax professionals, auditors, and valuation professionals a detailed review of the IRS rules and financial accounting standards that impact the reporting, issuance, and receipt of employee stock options. The panel will discuss qualified vs. nonqualified options, valuation, share-based payments, and other recent updates.

Faculty

James A. Guadiana
Partner
Greenspoon Marder

Mr. Guadiana is a partner in the Tax practice group at Greenspoon Marder LLP. He is an experienced practitioner in virtually all areas of taxation. Mr. Guadiana serves as an advisor to public and privately-held multinational companies and investment firms with regard to their operations and investments in the United States and has extensive experience as a tax advisor to a number of public corporations listed on the London, Hong Kong, and Toronto stock exchanges. He is respected domestically and internationally for his ability to identify and resolve unique and complex tax issues in domestic and cross-border investments in a number of different areas of tax law. Mr. Guadiana has also advised both investment management firms and foreign investors in structuring lending programs so as to avoid being treated as the conduct of a “trade or business,” thereby enabling the foreign investor to minimize or avoid U.S. taxation.

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Justin Kuczmarski
President
NAV Valuation & Advisory, LLC

Mr. Kuczmarski is a valuation and corporate advisory expert with a 20+ year specialization in the investment management industry, working with tens of private equity and private credit firms, venture capital firms, and real estate managers annually across valuations, M&A, and fund restructurings. He also specializes in expert litigation support for shareholder disputes, particularly credit managers and structured finance litigation. Prior to founding NAV, Mr. Kuczmarski served as an NYC Practice Leader in Financial Advisory Services for a top 10 accounting and advisory firm. He also has senior M&A investment banking experience as a Valuation Practice Leader for a leading M&A boutique bank. Mr. Kuczmarski received a B.A. in Politics from Princeton University and a dual MBA in both Finance and Professional Accountancy from Fordham University's Gabelli Graduate School of Business.

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Description

The practice of granting a company's employees the option to purchase stock in the company is widespread. Employee stock options are either qualified or nonqualified. Each class has its own unique set of tax, accounting, and valuation rules.

"Fair value" is the required measurement objective for stock options under FASB's ASC 718 and is reported as compensation expense by the issuing company. This standard is generally under scrutiny by financial statement auditors, the SEC, and other regulatory agencies.

The IRS requires that options have an exercise price equal to or higher than the fair market value of the underlying common stock as of the grant date to avoid harsh tax consequences to the company and the employee. This is in addition to the regular tax rules for recognition of income and expense.

Listen as our group of experienced advisers provides a detailed review of stock option issues, including valuations of companies with complex equity structures, M&A and IPO matters, and meeting ASC 718 reporting requirements.

Outline

  1. Overview of authoritative guidance: IRC 409A and ASC 718
  2. Valuation methods
  3. Reporting: tax and accounting standards
  4. Recent developments

Benefits

The panel will explore these and other relevant issues:

  • Qualified (incentive stock options) vs. nonqualified options
  • Tax and financial statement treatment of options
  • Valuation methods
  • Required reporting and disclosures
  • Recent controversies

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Determine the tax consequences of options to recipient
  • Decide when an 83(b) election is beneficial
  • Ascertain the differences between qualifed and non-qualified options
  • Identify key terms and dates

  • Field of Study: Accounting
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience at mid-level within the organization, preparing complex tax forms and schedules; supervisory authority over other preparers/accountants. Specific knowledge and understanding of cost allocation principles; familiarity with government standards for nonprofit organizations receiving federal grant monies

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.