Re: Settlement #2 Casio !!! SP
in response to
by
posted on
Nov 21, 2008 05:37PM
When we hit it big...
I asked my CPA about next year's taxes based upon his opinion of what the new resident of 1600 PA Ave's plan will be.
He said, 'you won't be affected' unless you make over the floor for the AMT in CG profit.
I asked him what that number was, when he told me, I said, "that number will be significantly LESS than what I expect to make next year based on my # of shares, and my exit point." He asked me 'how sure are you of the prospects' and I told him about the settlement of #1 of possibly 184, with more on the horizon, and the companies that purloined the EDIG patent certainly have the capacity to pay up, as well as a brief recap of DM and the issue of contingency.
It sounds like I had him looking into EDIG more by the end of the call.
Long story short, he gave me advice when I sell on how to plan for the tax implications, and suggested that I get all my buying in this year (strictly from his point of view... nothing to do with EDIG #'s) Let's hope we all have such problems next year!