267 shares? What a joke!
- Thread starter AA Tulsa Mechanic
- Start date
jimntx
Veteran
Better than the 187 I got.
eolesen
Veteran
- Jul 23, 2003
- 15,959
- 9,374
Apparently (and I just learned this) there are changes since 2006 which are different from what we had in 2003, that being the immediate recognition of the fare market value of your shares as income.
With options, you'd only be taxed at the time of exercising.
If the value of your stock increases, you'll potentially face capital gains taxes as well. That hasn't changed.
The share value sounds just like getting a profit sharing check. They (IRS) force the company to automatically withhold more up front, unless you had the ability to funnel it into your 401K, which may or may not have reduced your tax liability (which would depend entirely on how much you're already contributing and whether or not you'd stay under the annual limit).
With options, you'd only be taxed at the time of exercising.
If the value of your stock increases, you'll potentially face capital gains taxes as well. That hasn't changed.
Possibly, when you file your 2013 income taxes.Rogallo said:
The share value sounds just like getting a profit sharing check. They (IRS) force the company to automatically withhold more up front, unless you had the ability to funnel it into your 401K, which may or may not have reduced your tax liability (which would depend entirely on how much you're already contributing and whether or not you'd stay under the annual limit).
miamifrank13
Newbie
- Dec 28, 2004
- 6
- 0
i retired from fleet sevice with 23 yrs on 11/10/2012 . got my 6 shares today.
BigMac
Veteran
Jim, is that your total or first installment?jimntx said:
