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Hey really great video, you explained all the important details very concisely.

Excellent explanation thank you!!!

This is so helpful! I struggle with how I think of myself--owner or employee or both. I converted to S Corp and made myself the only employee, based on that I will get w2 for the first time in a long time. I also heard you say that the "company" contributes, so the monies should come from the company operating acct, not from my personal account, correct? I will lask my accountant for guidance on how to decide how much to contribute.

Great video! I have a S corp business but I do have a few full time employees. What do you recommend instead?

I thought it was 25% according to the IRS?

very nice explained.

Why do we put up with this criminal extortion syndicate? My God 26 CFR 1.0-1 paragraph (d) clearly says TAXABLE YEARS began December 31 1953 and ENDED AUGUST 16 1954! There HAS NOT BEEN AN ENFORCEABLE LEGAL INCOME TAX in this country for 70 YEARS!!! AND they demand we fill out a form and tell them how much money we want to give them!! What the hell! Any Subtitle F compliant enforcement provisions took effect the day AFTER the date of ENACTMENT which was August 17 1954 but on that day there was NO TAX TO ENFORCE AS the tax died expired the day before! There HAS NOT BEEN AN ENFORCEABLE LEGAL INCOME TAX in this country for 70 YEARS!!!! The money they steal goes to the IMF and World Bank and is laundered through the Bank of International Settlements

Can I have both sep IRA and Roth sep IRA?

Thank you for this video! To the point, super helpful, and I really appreciate the visual chart! :)

how do you adjust the basis when e*trade does not list it on the 1099B?

This video was very helpful! Can you tell me if there is any tax when I exercised the stock at price which was less than fair value?

Great explanation

Thank you, very helpful. Is the contribution taken from your salary you set up or from the business directly?

At the end of the day it was an organized take down.

Thank you for this information

This is exactly what I was looking for! I thought it was too late for me to get the tax benefits for 2023 taxes from a SEP IRA since I waited until January (this month) to set one up. So is it still the due date of April 15th 2024 even if I just signed up for a SEP IRA this month in 2024 or did I have to sign up for the SEP IRA last year in 2023? Thank you & I hope this question makes sense!

Great info and breakdown. Very easy to follow and understand. Thank you!

I think there is an error in 2:46 about the 30 days restriction. It is from the exercise date, not the grant date. To qualify for preferential tax treatment, your 83(b) election form must be postmarked and mailed to the appropriate IRS office within 30 days of purchasing your stock grant or the date of your early exercise.

Great explanation. Government making bank smh

great breakdown. thank you for sharing this information!

This was very helpful. Thanks

Thank you. The 1099-B for Cashless Sell for reporting confused me. This clear it up and allowed me to search other info for clarity. Seems for exercising and selling (Cashless sell) on the same day, the cost basis is not the grant_price x quantity as it is reported in 1099-B. The cost basis should be the exercise-or-the-same-sale-price x quantity. Basically the capital gain should be $0 (actually negative to account for the few dollars for the fees). Because the capital gain is already reported on my W-2 as income. Thank you. Saved me from a major snafu.

Wonderfully explained and simple to understand. I'll definitely complete the 83b.

3:08 Bullseye +1 A+ this is the issue, they think oh you took out what is needed, but that is not exactly true for each persons tax picture. I am in 32% so I am going to have to do some of what this video says on selling or paying cash at tax time.

Thanks for the video, how is corporate taxed on these transactions pls

My private spending I'm tax aswell democrat idiot

Great Video!!! Love your channel! Please do more!!! Thank you

If you sell it when it's worth less can you claim a loss. So in your example you cost basis is 18K. And now you owe on the 6K in growth. If you sell it when it's worth 10K can you claim a 8K loss?

Excellent explanation

Spot-on

This guy is a gold mine. This is exactly what I had to deal with. Employers take the base 22% RSU and bonuses leaving you with tens of thousands unpaid by the end of the year.

This guy is awesome teacher. perfect graphics and explanation skill. Help him grow. Sub, like and comment. I'm in

Should you not have mentioned something about the time of selling? For example, if you choose to sell after 9 months of vesting you will be taxed differently from selling after 14 months?

Question, what if I made 290k last year and stopped working the last day of November 2021, thus far I'm not working in 2022 but my estimated tax payment is 47k for the 3rd quarter and 16k for the 4th quarter. I had no payments for the 1st and 2nd quarter because I had an extension. I have a penalty to pay along with a 2021 tax payment of 48K. Should I pay the estimated taxes since my current emplyment income is zero?

Great video and nice explanation. Morgan Stanley is my broker and they don't do a good job with the reporting to the IRS. They reported the RSUs I sold for taxes as income and I have the IRS now coming for more taxes over the RSUs I sold to pay taxes. How do you do to fix that issue? do you offer consultation?

Thank you!

this was the BEST explanation. the infographics were super helpful. thank you!

I agree with the comment below. I am a tax professional, and I enjoyed the content was easy to understand and picture it! Thank you so much

This is EXACTY what I was looking for. Thank you so much!!! One quick question though. Re: your two examples at 3:00 and 4:44 - since they were exercised and sold at the same price even though they were sold at on different date, the profit I would make (which is 20 minus 3 minus income tax) is the same, correct?

if $14,900 underpayment pays in Q1 for the entire this year, instead 4 separate installments; will that be any underpayment penalty on top of $14,900.

Beyond what I was looking for great explanation

I need help. 😫

Good idea for founders to submit this form if they are already vested day 1?

So do we need to pay both long term capital gain tax and AMT gain tax?

Note that a risk of holding vested RSUs is that the stock price could fall 50% or more. I still have to pay taxes on last year’s inflated stock price before it fell. In my case, it’s thousands of dollars that was added on to my income and raised my tax bracket that I will potentially never see again. The government still takes their cut and taxes me at the higher amount. Tax loss harvesting would take years to recover the amount that I am being over taxed since it’s capped at $3,000.00 a year.

Thank you for great explanation, I had all those questions in surprises recently.

Tax payers now u c were all your extra tax ur paying r going to

my company stock value almost doubled because of 2020-2021. definitely learned the hard way when tax season came around about the tax withholding when RSUs vest vs how much i would actually owe lol. too bad my company won't let us withhold more (or less) than the 22% on the RSUs, so it's been an interesting/fun game of withholding additional on my W4 and selling RSU/ESPP as time comes.

5:28 you are left with 45 shares...

Once your shares are vested, can a majority shareholder vote force a repurchase of your vested stock at any point?