Looks like federal tax withheld at IPO is only at 22%. How can I roughly estimate what additional % do I need to sell for tax before April?
Everything other than base salary ( maybe bonus too ) is supplemental income, withholding by default for supplemental income is 22% federal unless you elect for more withhold. Calculate the approx. total income for the year and run through the tax cal, youโll get an effective tax rate which is what you should have paid by EOY otherwise you will be penalized ( maybe? ) for under withhold
Super helpful thanks
Get a tax lawyer. Worth the cash.
Thanks. Yelp doesnโt seem reliable, whatโs the best way to find one?
Word of mouth. I can recommend the people I use: Hone Maxwell in SF. I'm on the peninsula but we do everything remotely. The IRS just tried to gouge me for 2800 on some rsu sales from 2017 and H-M got it all straightened out. I paid 171.00
If stock is growing - why sell?
Have to pay tax for under withholding at IPO