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RSUs, Stock Options & State Taxes: Allocating Income Between California & New York
If you moved between California and New York and received Restricted Stock Units (RSUs), stock options, or other deferred compensation, your income allocation may be more complex than a standard W-2 wage split. These types of earnings are often taxed ...
RSU Taxation and Multi-State Considerations
1. Overview Restricted Stock Units (RSUs) are taxed upon vesting as ordinary income. Multi-state taxation complicates RSU income sourcing and reporting. 2. Tax Treatment Federal Tax Taxed as ordinary income at vesting. Withholding: Federal income ...
Gift Tax
Gift Tax Summary for 2025 Annual Gift Tax Exclusion: The annual gift tax exclusion for 2025 is $18,000 per recipient. If gifting more than this amount to a single recipient, the excess must be reported. Tax Implications for the Giver: The first ...
Transfer an LLC to Another Person: A Step-by-Step Guide
Transferring ownership of a Limited Liability Company (LLC) is a critical process that involves legal, financial, and administrative steps. Whether you are selling your LLC, gifting it, or passing it to a family member, it’s essential to follow the ...
How to Calculate AMT and Report ISO Adjustments on Form 6251
When exercising Incentive Stock Options (ISOs), you may be subject to the Alternative Minimum Tax (AMT) due to the difference between the stock's fair market value (FMV) at exercise and the exercise price. Understanding how to calculate AMT ...