Anyone else make a $1mil+ on options at the end of year and then lose it all in January and now owe the IRS $400k+ on money that no longer exists? 😬
Need some help/guidance if anyone is willing to help.

like
Posting as :
works at
You are currently posting as works at

Payment plan.

Next time don’t invest money you need for taxes.

like

How is that? The options aren’t realized

like

Oh. Then that sounds like I blew all my money problem!

like

There are sone strategies happy to assist you with please dm

Related Posts

like
like

I am down $25K on $150K portfolio. Should I cut losses and leave or continue :(

like

Is 150k base salary enough to live comfortably in Manhattan. Assume no extravagant spending but decent apartment, eat out 2-3 times per week, vacation a couple times per year etc and regular savings rate? Hard to get a biweekly number based on all the types of taxes etc

like

I only have Reg left. I failed it once before. For those who have passed Reg what were some of things you focused on? Also if you have any study tips I would really appreciate it, tax has never come naturally to me.

like

So what do you think of Scoped Storage ?

Desi 🐟 fam - What apps are you using to make payments in India using US credit card?!
I use Wise for money transfers and other payments using debit card but i want to pay with my credit card and wondering if there's an option for that

like

Beginning to invest. Which is better? Merrill edge or fidelity ? Have a BofA bank account and an employer Fidelity account for RSUs. Also have a TRoweprice 401k account from past employer.

like

Looking to buy a home in Dallas area. Which are the top areas with good hospitals and schools nearby?

like

Is it possible to buy a house and sell it for a higher price?

like

U can’t be wrong if you’re investing in index for long term

Post Photo
like

why rent over buy; seems like “throwing money” away?

like

I racked up about $20k in credit card debt due to a confluence of things happening at once (move, school expenses , etc ). I have a fair amount of paper assets but not a much free cash. Assets are down a decent amount with the current market cycle and I’d prefer not to sell them to cover the debt , although they easily could. Any suggestions how to handle the credit card debt without racking up tons of ongoing card interest?

like

What are the best ways of tax exemption

like

👀 Can we talk smack about auditors? Trial balances based on filed financials are still trash once it comes time to do returns, so all I’m saying is materiality can kiss my a**

like

Can anyone explain to me how the price of btc/crypto is set? Is there a formula the prices follow, like all the btc that’s been mined, divided by the number of people who own them or whatever sets the price. Like what is the driving force that makes dogecoin $1 (or whatever it is now) and btc jump from $30k to $60k then back to $30k. When I go on Coinbase and I go to buy btc for $30k, who is the authority that says 1btc=$30k USD?

like

There has to be a point where focusing on minute details generates diminishing marginal returns.

like
like

Late in the game with buying crypto. Single but with limited savings with which to splurge. What is a good price point during a 'dip', and which 'stock' is best in my situation (LTC, BTC, ETC, etc.?)

like

More Posts

When renting a condo from an owner, I was asked to pay a $150 move-in fee to the building which I thought makes sense, but then I am being told to also pay a $500 non refundable move in fee to the owner but he is not wanting a security deposit. Is this normal? Seems like $500 down the drain but not sure if this is normal

like

Can anyone tell me about the increment cycle for Internal Communication professionals at Amdocs? How much increment do they offer? I'm aware it's subject to performance but I'm still curious. Would appreciate some light on this.

like

Is there any bench policy in amdocs. My project will end in january. What will happen after that?

like

Recommendations of wedding venues in the Philly area for 170-200 people?

like

We are climbing without the help of asians. Hopefully they’ll add some muscle tonight.

like

Advice request: Any suggestions for meaningful/engaging early finisher art activities or routines? I teach Pre-K - 8th. Sketchbook time just does not engage them as I had hoped (especially 5-8).

like

What skills must one build upon to pivot from Investment team at a PortCo of a mega fund (>$300 Bn), to investment team at a PE?

Would genuinely appreciate some advise as I start this new role at the PortCo from next month. TIA 🙏

like

Big 4 vs International Law firms - discuss….

like

Anyone has used any Ayurbedic med or nuska to increase the s## stamina or performance ... Between 36 Married man here

like

How many billable hours per week is considered at capacity? I’m getting pushback on boundaries I’m setting about additional matters and marketing work from my firm when I’ve been billing 60-75 hours per week for the last 6 weeks, and I’m still behind on my work. I feel like it’s reasonable to not kill myself further to fit in more/turn things around faster at this point, but am I being unreasonable? I expect my workload to remain at this level through the end of the year at least.

like

How much does it usually cost for makeup and hair for a Indian wedding? (In the USA)

like

Is there another consulting bowl? Can some one link it to me?

like

I have offers from PwC India and EY GDS with same CTC in technology domain. Which one should I choose and why?
The important parameters for me are annual hikes, promotion, work life balance, learning, growth and exit opportunities. Kindly help.

like
like

Joining EY GDS today 😀

Any first date tips guys?

Ps: Today is Day 1 of induction and going to take it virtually.

like

I decalred FBP, and the amount got deducted from my salary.
Now I can see I am eligible for some amount under FabP. What is it and when will I get it?
What exactly is the funda of it?
Let say I am eligible for x amount in FBP LTA. And some y of x got deducted in a specific month, now that y portion is showing in FBP tab to upload the bill.

What if in case I have LTA bill which is exceeding x amount itself, do I need to raise reimbursement request every month th with same bill?

like

Is it a bad sign if the recruiter asks you to send all your PTO plans for the next year prior to signing the offer?

like

Any suggestions for self help books on anxiety? Been dealing with anxiety for quite some time now and have been seeing a therapist but also just want to see what other resources are out there.

like

What margins and font size are you all using for your resume?

How much can I expect from hexaware for 4 years and 8 months of experience in azure DevOps?

Current CTC 18.4

like

Additional Posts in SALT - State and Local Tax

Looking to save on all taxes as my remote career grows. Any recommendations or where to move / establishment residency? I don't see the advantages of being in California.

like

I was paid a retention bonus last year which I have to return - couple of questions: Will I get a corrected W2 ? If yes, how much time does it generally to generate a corrected W2? Should I wait for corrected W2 to file the return ? (with the current comp - I owe taxes however with the W2C - I will probably not..) thoughts??

like

Los Angeles Area comp for 2nd year asset management?

Currently making $85k with a 7.5k signing bonus. Wondering if I’m being underpaid in my role. Ive tried probing my colleagues but no dice.

I got married in 2021. Before my wedding I lived in State#1 and after the wedding I moved to State#2. My spouse lived in State#2 the entire year.
Can I file as Married Jointly in such a way that State#1 only calculates my income for the portion of the year I lived there?
Or do I need to file Married Seperately?

like

Will states start imposing sales tax on NFTs?

like

MTC Proposes Removing Online Sales solicitation from 86-272 protection. Thoughts?

like

Anyone who recently started what is starting salary for a new associate in SALT? How does it compare to other lines of services?

like

Any big four hiring for indirect tax ?

Maxed out Roth IRA contributions when I wasn't eligible for 2021 (got a salary bump mid year). Do I need to recharacterize? It's a very small account that's been open for only two years. That's the only IRA account I own. Do I need to open a traditional IRA and roll over 6k + realized gains into that account and keep the Roth IRA. So confused how this works and got conflicting information from Merrill.

like

Why is it when I owe money to a state from my annual tax filings, if I don’t pay the full amount I get charged interest. But when they owe me, they ask for additional documentation and won’t pay me interest for them stonewalling me. Not much volatility y/y in earnings.

like

Anyone have recommendations for sales tax CPE > 7 hours?

like

My 2022 w-2 has states tax paid in California. But I was living in Illinois. I have paid more taxes per my w2. Do I need to file state tax for both IL and CA?

like

New Jersey partnership question.

Partnerships need to use market sourcing for purposes of calculating NR withholding tax (though NJ doesn't even call this withholding anymore).

However, for purposes of calculating the NJ distributive share of income, you apply Gross Income Tax (personal income tax) rules, which is 3 factor and includes COP.

If I end up with 0% apportionment under GIT and 10% apportionment under CBT (withholding tax), the partnership pays tax upfront but NRs get 100% refund?

like

Anyone works at KPMG MN office in the SALT practice and can let me know how it is?

like

I am not from the US and taxes overwhelm me; the first few years I did them with TurboTax and it was fine but then I entered a domestic partnership and had a baby. I also bought a house (that I don’t live in), so I went to H&R Block to give it a try assuming they could advise me on optimizing my return, it seemed that they are completely transactional as the person is just typing numbers in a form. Any recommendations on how to navigate personal taxes with an actual advisor?

like

Hey - Might be moving from Florida to Illinois. Is there any way I can avoid changing residency and IL income tax? Realistically, will I be audited?

like

I want to leave tax. But as a salt manager what jobs would I even be qualified for?

like

My work office is in philly but i wfh in delaware. Why im i paying for both state taxes as well as philly tax. Is that right or do i need to make some adjustments. Im at PwC currently.

likesmart

Hey Salt peeps. I’m curious what kinds of practices you specialize in and how long you’ve been doing it? Would you specialize in something different in tax if you could turn back the clock?

helpfullike

I am on H1-B visa, open to relocate and looking for State & Local Tax (Income/Franchise) Experienced Senior/Manager opportunity. Which companies are currently hiring visa candidates? Appreciate the responses, thank you!

likehelpful

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal