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Are distribution from 404(k) Pass Through ESOP taxable on
are distribution from 404(k) Pass Through ESOP taxable on state level, are we required to withhold state tax? … read more
Rakhi Vasavada
Rakhi Vasavada
Financial / Legal Advisor
Bachelor's Degree
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I'm a fully vested stockholder in a ESOP. Our ESOP company
I'm a fully vested stockholder in a ESOP. Our ESOP company is being sold to our chief competitor. The ESOP committee and our board of directors are the same four people. The board has enriched themsel… read more
taxmanrog
taxmanrog
Master's Degree
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Is ESOP stock taxable at retirement if it is not sold? I
Is ESOP stock taxable at retirement if it is not sold? … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,922 satisfied customers
The company that I work for sold itself to a bigger company.
Hello, the company that I work for sold itself to a bigger company. How can I claim my ESOP shares? … read more
Lane
Lane
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Doctoral Degree
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My daughter works for publix for 16 years. she is leaving
my daughter works for publix for 16 years. she is leaving the company and cashing in his stock to prevent foreclosure, etc. because of too many bills. will this stock be treated as ordinary income or … read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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What are the long-term vs. short-term considerations when
What are the long-term vs. short-term considerations when selling stock from an employee stock purchase plan (ESOP)?… read more
Lev
Lev
Tax Advisor
34,482 satisfied customers
In the scenario of a C corporation that has a individual
In the scenario of a C corporation that has a individual majority owner (70%). The corporation would like to come up with a way to eventually buy the majority owner out without forcing outsiders to co… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,763 satisfied customers
I have an ESOP from my former Employer. I Resigned 1 Year ago.
I have an ESOP from my former Employer. I Resigned 1 Year ago. I received a Letter Yesterday in the Mail stating that I'm 100% vested with a pretty good amount. I am 58 Years old and I could use the M… read more
Tax.appeal.168
Tax.appeal.168
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I have worked for a publicly-owned corporation for over 30
I have worked for a publicly-owned corporation for over 30 years. Over that time, I have received shares of stock as part of the company's ESOP at no cost to me. I reinvested dividends from the ESOP s… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,763 satisfied customers
A follow up question for u. If I want to revert the transaction
A follow up question for u. If I want to revert the transaction of receiving the shares into company for $1 and receive them personally, is that possible?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,763 satisfied customers
I have funds in an esop of a company where I used to be employed.
I have funds in an esop of a company where I used to be employed. I am eligible to diversify up to 25% of my account this year. Since leaving the company over 20% of my account is in cash not company … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,763 satisfied customers
My company has been sold and I have option with the ESOP plan
My company has been sold and I have option with the ESOP plan to roll it over to IRA or take a distribution. I am 66. I would like to take a distribution. All of my shares were 'given' to me by the co… read more
Lev
Lev
Tax Advisor
34,482 satisfied customers
i have esop shares that i can cash out as of now. is there
i have esop shares that i can cash out as of now. is there any way i could cash and transfer esop shares to an IRA with getting taxed?… read more
PDtax
PDtax
Owner
Master's Degree
4,335 satisfied customers
My company is being sold and I have shares in an ESOP that
My company is being sold and I have shares in an ESOP that I can either cash out or rollover to an IRA myself within 60 days. The FMV of my stock when purchased was $10 (for example's sake) and the co… read more
Lev
Lev
Tax Advisor
34,482 satisfied customers
I am about to receive a distribution from an ESOP plan. The
I am about to receive a distribution from an ESOP plan. The ESOP is held in company stock. I did not pay for the stock. I will receive a cash distribution each year for five years. Stock does not get … read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
My wife left a private company that provided her with a ESOP.
My wife left a private company that provided her with a ESOP. We took a lump sum distribution when she left in 2008. We received a 1099-B and a 1099-R form. Do we report both of them on our taxes (sin… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
Hi all,If an X employee is offered Y% ownership shares
Hi all, If an X employee is offered Y% ownership shares of a company and the owner would like to prevent any tax liabilities for the employee as the employee has to pay back for the Y% shares. Are the… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
I am selling stock purchased in a company I worked in over ...
I am selling stock purchased in a company I worked in over a multi-year period. During part of that time, the stock purchase was matched with an additional 50% contribution by my employer. How does th… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
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