Gemifi uses client information and planning assumptions to estimate the tax impact of income and equity decisions. Use the results to compare planning alternatives and prepare questions for the client's tax professional.
Where inputs come from
The client's Profile, including income, filing information, dependents, and deductions.
Equity grants, holdings, and recorded transactions.
The selected trading plan or saved tax scenario.
Relevant tax-year and state information.
Imported or manually entered prior-year base-case facts, where applicable.
Follow Prepare a client's tax inputs before comparing results.
What to review in the Tax tab
The tables separate income, adjustments, deductions, federal tax, other taxes, credits, payments, AMT, and state details. Some rows are modeled from the selected inputs; others depend on assumptions supplied by the advisor.
Gemifi includes state-tax calculations. Review the State Details section for the selected state and calculation method, together with any missing-input warning. A result for one state or year does not establish coverage of every state-specific rule.
Why two results can differ
Check the selected year, view, plan/scenario, filing status, income, deduction assumptions, state, transaction dates, and payments. A saved manual tax scenario can contain assumptions that differ from the client's Profile or a trading plan.
An imported tax return records facts from that return; a planning calculation can differ because its assumptions or modeled rules differ. Reconcile meaningful differences before using the estimate.
Interpret the estimate correctly
Separate tax liability from balance due after payments.
Review AMT and any credit assumptions when modeling ISOs.
Review state allocation and residency facts when a client has moved.
Do not infer that an absent row or zero amount proves a rule cannot apply.
Gemifi's planning output does not file a return, execute a trade, or remit taxes. Confirm the client's actual treatment, elections, and filing requirements with their tax professional.
Continue with Tax tab views, tax scenarios, and withholding.