Albert M
GBGetting your equity stock done correctly! Everyone says getting equity stock from your company is so great. I suppose that is true in the long run, but in the near, you must deal with tax consequences. If you don't do it right, you can pay taxes on amounts that were already taxed, or not get the right tax treatment. That's why I used a CPA. I thought surely, he knows what he is doing. A colleague of mine said, "You should have your stock options checked. There may be some savings that you are missing." I told him, "I have a good CPA." My colleague said, "That's what I thought until I spoke with Lisa..." He told me to just do an intro call with her, then decide. I set up a call with Lisa Brugman, EA. She asked a lot of questions about my equity stocks. She then started asking for documents that I received from my company regarding these stocks. I told her my CPA never asked for these. Lisa said that many don't. It can make a big difference on tax rates and how much tax I would pay. Needless to say, I signed up for my 2022 tax return. I ended up paying less in taxes than I ever had before. I couldn't believe it. Lisa asked if I wanted to have her review my 2021 taxes. I said yes. At our second meeting, Lisa said she could file an amended tax return for 2021 and I would be getting a $6,638 refund of the tax overpayment that I had made. I asked her how she did it. Lisa said she just entered the stocks correctly. Of course, I am talking to all of my colleagues about Lisa. I bet some or many have overpaid their taxes, too.