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12/7/2000: Crunch Time for Options Recipients (Chicago Tribune; subscription may be required)
Excerpt: The beauty of incentive stock options is that you owe no income tax until you actually sell the stock. So why is freshly minted millionaire Mike Smith so irate about his tax bill? It's because although he doesn't owe regular income tax on his options yet, he must scrape up about $2.5 million of Alternative Minimum Tax by April 15 if he hangs onto his stock into 2001.
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