Identify the reasons for using equity-based compensation

Identify the factors in assessing whether one or more forms of equity-based compensation are appropriate for a particular closely held corporation

Describe common features of a nonqualified stock option program and the tax consequences of such a program

Compare incentive stock options with nonqualified options

Identify uses of employee stock purchase plans and the advantages of such programs

Explain the tax treatment of restricted stock, phantom stock, and stock appreciation rights programs

Describe a Roth IRA conversion and when this transaction is allowed

Individual Retirement Plans—Part II

Describe the two types of funding vehicles that can be used with IRAs

Identify appropriate as well as prohibited investments in an IRA