California Employment Law
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I am receiving unemployment benefits from CA EDD. I sold some qualified ISO stock options in Feb and did not realize this was considered income by EDD and did not report it. They want two weeks of my benefits plus 30% back now. Do I have a chance if I appeal or should I just pay up?
The stock options were earned during employment with my previous employer and were awarded in 2003.
The notice cites 1253A (claims filed must follow regulations) ; 1252 not eligible to receive benefits due to not providing enough information; and 1257A, not eligible to receive benefits for saying I was out of work when I received pay from an employer.
Thanks for your help.