Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
Tax law question re distribution in leveraged ESOP. Plan
Tax law question re distribution in leveraged ESOP. Plan says there will be -no- distributions until after loan is paid in full. Does this exception (I assume this is from 409(o)(1)(B)) override gener… read more
Dr. Fiona Chen
Dr. Fiona Chen
Certified Public Accountant (CPA)
Ph.D.
4,537 satisfied customers
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
2,614 satisfied customers
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
1,801 satisfied customers
This past July I received ESOP shares from a previous
This past July I received ESOP shares from a previous company I worked for. I left over 6 yrs ago and I was able to get have them released. They paid the taxes for the 5yrs, and in the letter sent wit… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,649 satisfied customers
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
3,894 satisfied customers
I have 401k account. I have ESOP and I have other compnay
I have 401k account. I have ESOP and I have other compnay stock in this account. My employer was reporting separate AVERAGE cost basis for ESOP and other company stock. Upon retirement and request for… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,649 satisfied customers
I have a friend named who just left Publix supermarket in
I have a friend named Brian who just left Publix supermarket in Florida at the age of 39. He worked there for 19 years and the company purchased stock for the employees over the years. He left Publix … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,283 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
JD, MBA, CFP, CRPS
Doctoral Degree
16,649 satisfied customers
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.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
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
Retired
Bachelor's Degree Equivalent
31,917 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
Principal
6,584 satisfied customers
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
16,649 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
16,649 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
Retired
Bachelor's Degree Equivalent
31,917 satisfied customers
for an ESOP company I know that once you have over 100/120
for an ESOP company I know that once you have over 100/120 participants law requires a formal audit. my understanding is that once you have reached those numbers and have had several years of ESOP aud… read more
JKCPA
JKCPA
Certified Public Accountant (CPA)
Bachelor's Degree
1,796 satisfied customers
What is the penalty for cashing ESOP shares to start my own business?
Upon leaving my company, I will be cashing out my ESOP shares (as opposed to rolling it over into another retirement plan) presently worth $50K? I would be cashing out to start my own small business -… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
I recently sold company stock acquired through an employee ...
I recently sold company stock acquired through an employee stock ownership program. The company was based in Australia and the stock was sold on the Australian Exchange. I have not received any docume… 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
Master Degree
1,180 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

4,937 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

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

Robin D.

Robin D.

Senior Tax Advisor 4

17,888 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 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