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Subject:   AMT tax liability on future ISO sales
Date:   Wed, 15 Oct 2008
From:   Ben

Thank you for your very helpful and valuable newsletter.

I understand unpaid liabilities for past ISO exercises have been abated.

I haven't exercised my ISO because I didn't want to pay an AMT. Can I exercise now without an AMT liability?

Thanks
Ben

Answer

Date:   7 Nov 2008

Hello Ben,

No. The AMT adjustment for ISO exercises has not been repealed and still applies for 2008.

Good luck!

Mike Gray

For more information about incentive stock options, request our free report, Incentive Stock Options - Executive Tax and Financial Planning Strategies.

IRS Circular 230 Disclosure: As required by U.S. Treasury Regulations, you are hereby advised that any written tax advice contained in this answer was not written or intended to be used (and cannot be used) by any taxpayer for the purpose of avoiding penalties that may be imposed under the U.S. Internal Revenue Code.