Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I retired 2 years ago and exercised stock options in 2017. I
I retired 2 years ago and exercised stock options in 2017. I received a W2 from my former employer that shows all of the stocks exercised. Do I still need to do a Schedule D. … read more
Tax.appeal.168
Tax.appeal.168
Tax Accountant
4,903 satisfied customers
My former company just was sold and I have over 9,000 shares
my former company just was sold and I have over 9,000 shares in an ESOP (Employee Stock Ownership Plan). If I cash out, how will I be taxed if I am no longer an employee of the company. … read more
Patrick Mullis
Patrick Mullis
Masters
18 satisfied customers
Back in 2013, I got an NSO option grant from the private
Back in 2013, I got an NSO option grant from the private company which later was executed in July of 2014. The price of the ​stock was as low as $0.02 per share.Lately, the company was rather successf… read more
Carter McBride
Carter McBride
LLM
1,346 satisfied customers
My employer gave me a Qualified Stock Option. He explained
Hi,My employer gave me a Qualified Stock Option. He explained to me the aspect of the tax consequences (i.e. the capital gains once I convert to the Stock and sell. However, what I didn't understand i… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am doing my taxes in Turbo Tax. I am having trouble inputting
I am doing my taxes in Turbo Tax. I am having trouble inputting ISO bought/sold same day where it is on the W-2. Turbo Tax 2015 Premier does not seem to have the right places to input the information.… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
, I am trying to find out the tax consequences of buying
hello, I am trying to find out the tax consequences of buying stock in a privately held company I work for. they are offering me stock for $10 per share but say they are going to give me a 1099 for $3… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I am an owner of a small business that has been sold (asset
I am an owner of a small business that has been sold (asset sale). I'm also the trustee of the 401K plan. The plan has been terminated and all accounts rolled over to other qualified accounts. There w… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I need to set the exercise price for some new resources equity
I need to set the exercise price for some new resources' equity plans at or above fair market value. The problem is that if fair market value is to be determined by arms-length issuance to my previous… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Employee Stock options exercised and sold in 2013. Some granted
Employee Stock options exercised and sold in 2013. Some granted in 2007-2009 but not exercised until 2013. No cost basis given. Not evident that it is in W2, but did receive Form 1099B with the # XXXX… read more
taxmanrog
taxmanrog
Master's Degree
1,192 satisfied customers
Section 83b when shares are reissued after an acquisition
In 2008, I purchased founders' stock in an early stage startup I joined. The price I paid per share and the fair market value were the same. I filed a Section 83b for those shares, which vested over f… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
a stock pick resulted in a %533 gain in the put price...where
a stock pick resulted in a %533 gain in the put price...where does that money come from when you want to cash in?… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
This may be more relevant for a securities lawyer, but I have
This may be more relevant for a securities lawyer, but I have a feeling you will know the answer to this: How would you describe what the "Breakpoint Value" of a privately held company is? I see this … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Is it possible for a UK registered company to issue shares
Is it possible for a UK registered company to issue shares to our employees in the US (employed by an Amercian subsidiary of the UK company) which would qualify for ISO for the employees. Simply at th… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I work for start-up who just filed for IPO. If I exercise my
I work for start-up who just filed for IPO. If I exercise my options right now (before it start trading publicly) and keep the stock for more than a year, will this purchase be subject for TAX in the … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I currently participate in a company sponsored Restoration ...
I currently participate in a company sponsored “Restoration Plan” (deferred comp). Upon termination or change of control I have two options for disbursement of total dollars contributed and accumulate… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
We just found out our ESOP shares are valued at 0.00 after ...
We just found out our ESOP shares are valued at 0.00 after years of declining share value. What ramifications are there to the company? Will they be forced into BK? Will the government step in?… read more
Guru_Guy
Guru_Guy
Doctoral Degree
1,634 satisfied customers
Hi Experts,I would like to know what happens if there
Hi Experts, I would like to know what happens if there is a ISO stock option sale and the profits are lost in stock losses. I have say for example $10,000.00 profit after cost basis on a ISO sale and … read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
Dear Sir my wife and I will have about 175000.00 income in ...
Dear Sir my wife and I will have about 175000.00 income in 2006. We also sold some stock options with a gross value of 34331.00 which is not included in the income mentioned above. We were taxed with … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x