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Tuesday, June 23, 2020
8:30 AM to 10:10 AM

Topic: The Tax Consequences of Choice: Options, Futures, Rights & Warrants
Speaker: Monica Haven, EA, JD, LLM
2 Federal Tax Law Hours
IRS: 18QC1-T-01346-20-O
CTEC: 1000-CE-4738

Course Description:
What are they? Who has them? What do you do with them? How are they taxed? These and other questions will be answered in plain English, giving tax professionals a better understanding of the investment world. Topics will include puts, calls, rights, warrants, futures, forwards, foreign currency transactions, employee stock options, incentive stock options, as well as the trading methodologies and tax treatments of each—basis, income recognition under IRC §83(b), and (of course!) AMT.

Knowledge Level: Intermediate

Learning Objectives:

#1: Understand the difference between puts, calls, rights and warrants; and properly report transactions involving derivative securities on Schedule D.

#2: Apply the distinctive treatment of incentive stock options, non-statutory options, and other employee stock options, as well as restricted stock.

#3: Identify regulated contracts subject to the bifurcated tax treatment of IRC §1256 and know when to employ the IRC §83(b) or mark-to-market elections.

Monica Haven, EA, JD, LLM

Monica Haven, E.A., J.D. has a Masters in Taxation (LL.M.); she is an alum and former faculty member of the National Tax Practice Institute, a recognized speaker on the professional circuit, a sought-after guest lecturer on college campuses and at community organizations. She welcomes every opportunity to share her experience and expertise in the classroom even as she maintains her Southern California tax practice and serves her loyal clientele nationwide. Monica’s students have said, she’s a “fantastic speaker” who can take “hard subjects and put them into concepts or analogies that are easy to understand.” For additional information, published articles and extensive, useful tax information, please head for Monica’s website at www.mhaven.net.