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Presented by Phuc Ly, EA
Stock options and equity compensation can create significant tax consequences, but the rules are often difficult for both tax professionals and clients to visualize.This course makes stock options and related equity-planning concepts easier to understand through visuals, storytelling, and practical client scenarios. Participants will follow transactions from grant through exercise and sale to see when ordinary income, capital gain, Alternative Minimum Tax, and other tax consequences arise.
The course covers Incentive Stock Options (ISOs), Alternative Minimum Tax and the AMT credit, Non-statutory Stock Options (NSOs), Section 83(b) elections, and Qualified Small Business Stock (QSBS). Each topic is presented through practical situations designed to show not only how the tax rules work, but how different client decisions can produce significantly different tax outcomes.
The course also emphasizes tax planning and client communication. Participants will learn how to recognize opportunities before transactions occur and use visual explanations and storytelling to make complicated equity-compensation concepts easier for clients to understand.
Phuc Ly is an Enrolled Agent and founder of Level Up Quest, a tax education and mentorship platform focused on helping tax professionals strengthen their technical tax knowledge and become more confident client-facing advisors.
Before founding Level Up Quest, Phuc started his career over 20 years ago. He grew his firm to 17 people and sold it for seven figures three years ago. His practice developed significant experience working with individual taxpayers, including clients with employee stock compensation and complex stock-option transactions.
Through Level Up Quest, Phuc teaches tax concepts using visual frameworks, storytelling, practical examples, and client-conversation exercises. His teaching approach focuses not only on understanding tax rules, but on helping professionals recognize planning opportunities and confidently explain complicated tax concepts to clients.
His stock-option training is designed to make equity compensation easier to understand by following transactions through real-world scenarios, from grant and exercise through eventual sale.
IRS: WZA09-T-03822-26-I; 2 hours Fed Tax Topics
CTEC: 1001-CE-10216; 2 hours Fed Tax Topics
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