Alternative minimum tax abatement and
refundable minimum tax credits expanded

Live Seminar

Do you have an unpaid federal tax bill for alternative minimum tax (AMT) relating to the exercise of an incentive stock option (ISO)?

Do you have a federal minimum tax credit carryover that you are wondering if you will ever recover?

Your cries have been heard!

After eight years of undying patience by volunteer organizations like Reform AMT and the Coalition for Tax Fairness, tax relief that will really help has finally been enacted, effective in 2008.

Certain unpaid tax liabilities and related penalties and interest have been abated. You no longer owe them!

Severe limitations on refundable minimum tax credits have been eliminated, so if you have minimum tax credits that are more than three years old, you will receive a tax benefit for them starting 2008! (The refundable minimum tax credit is still scheduled to expire after 2012.)

Come find out the details at this live lunchtime seminar by Michael Gray, CPA, who writes Michael Gray, CPA’s Option Alert and is also the author of Secrets of Tax Planning For Employee Stock Options, Stock Grants and ESOPs, Second Edition and the Employee Stock Options – Executive Tax Planning, 2008 Edition.

A special guest at the seminar will be Jay Cena with Reform AMT, who will share details about why tax relief was necessary and the grassroots effort to have it enacted. Jay is a co-founder of Reform AMT and the Congressional Committee co-chair for Reform AMT.

Here are the details:

Date: Friday, November 7, 2008
Time: noon to 1:30 p.m.
Place: Hobees Restaurant at The Pruneyard in Campbell. (1875 S. Bascom Ave., next to the Camera Theaters in the back of the shopping center.) 408-369-0575
Investment: $97 per person. (Visa, Mastercard, American Express or Discover cards accepted. Make any payments to “Michael Gray, CPA.”)
Lunch is included!

Guarantee: You must agree this is a valuable seminar experience or we will immediately issue a check for a 100% refund.

Please take action on this notice now. Seating is limited to 35. Registration must be received by Wednesday, November 5. FAX the registration form to us at 408-998-2766 today or call Dawn Siemer at 408-918-3162 on weekday afternoons to make your reservation.

I'm looking forward to seeing you at the seminar!

Michael Gray's signature

Michael C. Gray

P.S.-1 Congress has enacted the most significant change for incentive stock options since it enacted the alternative minimum tax in 1986, effective this year! Come get the "good news" about the abatement of tax liabilities and how you can now benefit from minimum tax credits that were previously "locked up."

Send in your registration form for the Live Seminar about Unpaid Alternative Minimum Tax Cancellation and the Enhanced Refundable Minimum Tax Credit today!

The seminar take place at Hobee’s Restaurant at noon on Friday, November 7, 2008. Seating is limited to 35. Registration must be received by Wednesday, November 5.

P.S.-2 Are you receiving our free email newsletter, Michael Gray, CPA’s Option Alert? You can sign up below.

© 2008 Michael C. Gray


Praise for Michael Gray’s advice on stock options

"During the tech boom, Silicon Valley workers had surprisingly few places to turn for help with their stock options. Mike Gray was one of them, providing and authoritative voice of prudence in a time of irrational exuberance. Steeped in the complexities of tax laws and strategies, he was among the first to co-author a primer to help workers understand how options worked and how to take money off the table. Secrets of Tax Planning delves much deeper, providing detailed explanations that should serve as a helpful resource for tax pros, investment managers and financial planners – and undoubtedly a few do-it-yourself engineers."

Mark Schwanhausser
Personal finance reporter
San Jose Mercury News
San Jose, California

"To Whom It May Concern:

I first met Mike Gray in 1999 to ask his assistance with stock option tax issues. Little did I know back then that over the next few years, Mike would help me with a hairy tax documentation problem, help my wife and me set up our will, provide me with advice on starting my new company, and become our company tax advisor. Along the way, Mike has provided me with excellent legal contacts and even sales reference materials.

Adding it all up, you soon realize that Mike is much more than just a CPA – he is a very knowledgeable advisor and guide in all facets of our financial life. I’m very glad to count Mike Gray as one of my most trusted advisors.

Dean Haritos
President
Cloudbreak Software, LLC"

"Mr. Gray really knows his stock options and he is an expert with ‘AMT’ – Alternative Minimum Tax. Mr. Gray helped me receive a $94,988.00 credit towards my tax liability. The savings in penalty, interest, and stress are worth much, much more – Thanks a $ Million!"

–John Simon

"I contacted Michael Gray on April 12 of this year (2007) out of desperation. I had a somewhat complicated situation with stock options that were exercised in 2005 and flipped in 2006 resulting in an early disposition of qualifying options. I had given my papers to a local CPA who gave me the news that I owed the IRS a large mortgage for the transaction with an overall tax rate of over 70% for the options. I then took my papers to a top notch national CPA firm who had their top tax researchers give me the same unbelievable news. An internet search turned up Michael’s firm as stock option experts, and after emailing documents to him, he called me with the news that I in fact was getting a refund because of the early disposition, and had my extensions prepared before the April 15th deadline. Advice, service and client relationship are unsurpassed. If you have ISOs that you are considering exercising, contact an expert such as Michael Gray before you choose to exercise them."

-- Bob Kalish


Registration Form - deadline is Wednesday, November 5, 2008

Yes! Sign me up to participate in your live luncheon seminar about Unpaid Alternative Minimum Tax Cancellation and the Enhanced Refundable Minimum Tax Credit by Michael Gray, CPA and Jay Cena of Reform AMT. I want to find out if I can benefit from this new AMT Relief legislation.

Send your registration today! Seating is limited to 35. Registration must be received by Wednesday, November 5.

Here are the details:
Date: Friday, November 7, 2008
Time: noon to 1:30 p.m.
Place: Hobees Restaurant at The Pruneyard in Campbell. (1875 S. Bascom Ave., next to the Camera Theaters in the back of the shopping center.) 408-369-0575
Investment: $97 per person. (Visa, Mastercard, American Express or Discover cards accepted. Make any payments to "Michael Gray, CPA.")
Lunch is included!

Guarantee: I must agree this is a valuable seminar experience or you will immediately issue a check for a 100% refund.

Name ___________________________________________________

Name(s) of other person(s) attending __________________________

________________________________________________________

Company Name ___________________________________________

Address _________________________________________________

City ________________________ State ______ Zip ______________

Home Phone _________________ Business Phone _______________

FAX ___________________ Email ___________________________

_____ Payment is enclosed (mail orders only)

_____ Charge my Mastercard ____ Visa ____ American Express ____ Discover _____

Credit card number ________________________________________

Expiration __________ Security Code __________

Card billing address, if different ______________________________

________________________________________________________

Name on card ________________________________

Signature ____________________________________

FAX to 408-998-2766
Call Dawn Siemer at 408-918-3162 on weekday afternoons
or mail to Michael Gray, CPA
2190 Stokes St., Ste. 102
San Jose, CA 95128-4512

© 2008 Michael C. Gray


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Michael Gray, CPA
2190 Stokes St. Ste. 102
San Jose, CA 95128
(408) 918-3162
FAX: (408) 998-2766
Hours: 8am - 5pm PDT Monday - Friday

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