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I have a client that received a letter from the IRS,
I have a client that received a letter from the IRS, regarding not properly filing return 940 & 944 for 2013 and 2014. We successfully completed the forms for 2013 but ran into an issue with 2014. Reg… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,799 satisfied customers
Have a question - I received stock shares from my employer 4
Have a question - I received stock shares from my employer 4 years ago and they vested this year. I sold the stock, a portion of which was withheld to cover taxes. It appears the income I received is … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,799 satisfied customers
Tax Question: Does box 12 V on the W-2 always need to equal
Tax Question: Does box 12 V on the W-2 always need to equal the gain on schedule D? There are incentive stock options and the detail looks like all gain was report on the W-2 ($300+ K), but when I loo… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,799 satisfied customers
QQ - I exercised options earlier this year. At that time, my
QQ - I exercised options earlier this year. At that time, my employer withheld taxes and included this in my W2 as ordinary income. My pay statement also shows this. Now I have a 1099B and when I incl… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,586 satisfied customers
I retired from my company in Jan 2014. In Oct 2014, I became
I retired from my company in Jan 2014. In Oct 2014, I became vested in restricted shares that were granted to me in 2010.Some of the shares were sold to cover taxes due and the remaining shares were p… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,586 satisfied customers
I live in DE and worked in PA - I lost my job in Jan 2014 and
I live in DE and worked in PA - I lost my job in Jan 2014 and a few weeks later took out a disbursement from my 401k qualified retirement plan. state tax for DE was retained as that is my state of res… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,278 satisfied customers
Lev, I have a W2 showing a code V in box 12c,which is
Hello Lev, I have a W2 showing a code V in box 12c,which is for the purchase and sale the same day of nonstatutory stock options by my wife from her employer. The amount is therefore included in block… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,799 satisfied customers
I have a retired client with a $84,875 box 1 entry on his
I have a retired client with a $84,875 box 1 entry on his w-2 from the exercise of stock options. His w-2 also has $82,908 in box 12 marked as a V. He has also received a 1099-B reporting $211,205 pro… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,799 satisfied customers
how do I know what adjustment to make on a 1099b * to prevent
how do I know what adjustment to make on a 1099b * to prevent paying taxes twice on a short term employer stock option… read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,431 satisfied customers
On my W2, box 12 (v) includes $60241 exercise of NSO
On my W2, box 12 (v) includes $60241 for the exercise of NSO from my company. As I understand, this amount is also included in Box 1 on my W2 and Box 2 (I paid $19487 in tax at the time of option exer… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
there, I have a question regarding w2 and 1099- NQSO, can you help? FYI I'm us
Hi there, I have a question regarding w2 and 1099-B NQSO, can you help? FYI I'm using turbo tax to do my taxes. I have a w2 reporting "V- Nonstatutory Stock Options" of 6,180.93 I also received a 1099… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,586 satisfied customers
we exercised some stock options in 2012. We sold 700 shares
we exercised some stock options in 2012. We sold 700 shares at $6.07 per share. The total of the sale was $4249 however the company took back $3542 of that amount and we realized $707 which we paid ou… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,799 satisfied customers
I HAVE W-2 FOR 2010 TOTAL WAGES $151,539 , SOCIAL SECURITY
I HAVE W-2 FOR 2010 TOTAL WAGES $151,539 , SOCIAL SECURITY WAGES 106,800, MEDICARE WAGES 157,108, ON LINE 12 A CODE C THE AMT IS $752,12B CODE D IS 6892.00 AND 12C CODE V 40319. AND ON 14 OTHER 1323.0… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,799 satisfied customers
I HAVE INCOME FROM EXERCISE OF NONSTATURORY STOCK OPTION, WHICH
I HAVE INCOME FROM EXERCISE OF NONSTATURORY STOCK OPTION, WHICH SHOW UP ON MY W-2 IN BOX 12C /CODE V $83,586.79 HAVE NOT CASH THEM IN, BUT IT REFELX ON MY W-2 IN BOX 1 WHICH IS $509,600.23 AND UP TO B… read more
JKCPA
JKCPA
Certified Public Accountant (CPA)
Bachelor's Degree
1,809 satisfied customers
On 1/2/2008, I was awarded 700 RSUs, which vest over 3 years
On 1/2/2008, I was awarded 700 RSUs, which vest over 3 years: 234 shares on 1/2/2009, 233 shares on 1/2/2010, and 233 shares on 1/2/2011. On 1/2/2009, when the first 234 shares vested, I wrote a check… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
I sold non statutory stocks options last year. My company
I sold non statutory stocks options last year. My company reported the sale in Box 12c code V on my W-2. The amount shown is not my net proceeds but gross before the broker commisions and fees. Do I h… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
I filed my tax return electroniciall on March 29th, 2007.
I filed my tax return electroniciall on March 29th, 2007. I originally was expecting my return on April 10th, 2007 according to the irs web-site. Then about two weeks ago I received a notice c12 askin… read more
WebTaxMan
WebTaxMan
Tax Accountant
Bachelor's Degree
576 satisfied customers
How do I prevent the sale of an ISO from being counted
How do I prevent the sale of an ISO from being counted twice on my reported income? I received a W2 from my employer, which represented the gain on the ISO sale (reported as Other) as well as a 1099 f… read more
Sandi Hargrove, SkyHawks
Sandi Hargrove, SkyHawks
Master Tax Pro and Enrolled Agent
Master Degree
1,254 satisfied customers
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