stock options

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Subject Author Date stock options svizag 04-15-2006  Re: stock options Rich Carreiro 04-16-2006  Re: stock options svizag 04-17-2006  Re: stock options Rich Carreiro 04-19-2006
Posted by svizag on April 15, 2006, 2:59 am Please log in for more thread options I received 'restricted stock options' last year and I had to exercise them (buy) them at a price of 0.01c per share. My Stock options Tax Summary statement (internal form) shows that I have gain of around $24,000 (Fair Market Value was around $4) - I haven't sold any of these shares yet (they are not vested yet!) Should I be paying taxes on this gain? Appreciate your help << ======================================================= >> << The foregoing is intended for educational purposes only >> << and does NOT constitute legal OR professional advice. >> << >> << The Charter and the Guidelines for submitting >> << messages to this newsgroup are at www.asktax.org. >> << Copyright (2006) - All rights reserved. >> << ======================================================= >> Posted by Rich Carreiro on April 16, 2006, 2:09 am Please log in for more thread options svizag@gmail.com writes: > I received 'restricted stock options' last year and I had to > exercise them (buy) them at a price of 0.01c per share. My > Stock options Tax Summary statement (internal form) shows > that I have gain of around $24,000 (Fair Market Value was > around $4) - > > I haven't sold any of these shares yet (they are not vested > yet!) Should I be paying taxes on this gain? Are these ISOs or NQOs? Did you file a Section 83(b) election on the stock you received upon exercising the options? -- Rich Carreiro rlcarr@animato.arlington.ma.us << ======================================================= >> << The foregoing is intended for educational purposes only >> << and does NOT constitute legal OR professional advice. >> << >> << The Charter and the Guidelines for submitting >> << messages to this newsgroup are at www.asktax.org. >> << Copyright (2006) - All rights reserved. >> << ======================================================= >> Posted by svizag on April 17, 2006, 10:59 pm Please log in for more thread options thanks for the response. these are shown as 'RES' as in restricted stock options. I don't think they are ISO or NQO I haven't filed a section 83(b) - should I? << ======================================================= >> << The foregoing is intended for educational purposes only >> << and does NOT constitute legal OR professional advice. >> << >> << The Charter and the Guidelines for submitting >> << messages to this newsgroup are at www.asktax.org. >> << Copyright (2006) - All rights reserved. >> << ======================================================= >> Posted by Rich Carreiro on April 19, 2006, 12:18 am Please log in for more thread options svizag@gmail.com writes: > thanks for the response. these are shown as 'RES' as in > restricted stock options. > I don't think they are ISO or NQO Well, they have to be one or the other. All employee stock options are either ISOs or NQOs. > I haven't filed a section 83(b) - should I? Maybe, maybe not. Depends on strike price, FMV at time of exercise, and your general current and future tax situation. Also, if it's been more than 30 days since you exercised the options, it's moot, since an 83(b) election has to be filed within 30 days of exercise if I recall correctly. -- Rich Carreiro rlcarr@animato.arlington.ma.us << ======================================================= >> << The foregoing is intended for educational purposes only >> << and does NOT constitute legal OR professional advice. >> << >> << The Charter and the Guidelines for submitting >> << messages to this newsgroup are at www.asktax.org. >> << Copyright (2006) - All rights reserved. >> << ======================================================= >> Similar Threads Posted Stock Options February 18, 2007, 9:51 pm Statutory Stock Options? How to tell? February 16, 2008, 12:03 pm Reporting Stock options February 17, 2009, 9:27 am Foreign Resident and Stock Options January 12, 2007, 2:47 am Non-Qualified Stock Options and Schedule D? February 3, 2009, 9:12 pm How to handle stock options that were NOT exercised and sold @ a loss? December 30, 2007, 2:40 pm Exercise stock options 9 years after leaving employer April 4, 2008, 12:14 am Re: 1099-B Restricted Stock Options sale...Do I need to file a Schedule D? March 17, 2008, 10:29 pm Is interest paymennt on loan to exercise NQ stock options mdeductible?i April 25, 2006, 7:49 am Any Way to Avoid Alternative Minimum Tax on Stock Options Exercised in 2008? July 6, 2008, 8:52 pm