Author Topic: CPA recommendation familiar with tech companies + equity  (Read 190 times)

roguelemon

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CPA recommendation familiar with tech companies + equity
« on: July 07, 2018, 04:18:01 PM »
Hi folks,

I work at a tech company and got a decent amount of shares released to me this year. As a result, I'm going to end up in the highest tax bracket this year and would like some tax advice from someone familiar with tech companies and equity. Does anyone have a recommendation for a good one?

About me: I'm based in Austin, TX and make $92k/year. My shares in the company are currently valued at about $120k and were released to me in early 2018.

seattlecyclone

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Re: CPA recommendation familiar with tech companies + equity
« Reply #1 on: July 08, 2018, 05:00:53 PM »
I'm not a CPA but am a tech company employee who has received a good chunk of my pay in equity for most of the past decade. I've dealt with incentive stock options both before and after IPO, and stock grants at public companies. Feel free to ask me what's on your mind.
I made a blog! https://seattlecyclone.com/

The Roth IRA was named after William Roth, who represented Delaware in the US senate from 1971-2001. "Roth" is a name, not an acronym. There's no need to capitalize the final three letters.

CareCPA

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Re: CPA recommendation familiar with tech companies + equity
« Reply #2 on: July 08, 2018, 07:35:17 PM »
I believe the TCJA passed in 2017 had some changes in how you can treat equity pay. From the little detail you provided, it sounds like you should still have to recognize the income in 2018, but you should make sure whomever you speak with is up to date on the new rules just in case that isn't true.
Always happy to help with tax or accounting questions - feel free to private message me or check out CareCPA.com

I am a licensed CPA in Pennsylvania. However, any tax advice I give should be considered general information and not used in the avoidance of tax. There is most likely information about your situation that I do not know, and thus you should do your own additional research.