Phantom Stock

BuilderTREND GUwL81
Oct 3 16 Comments

My company is going to likely sell when it gets to unicorn status in the next 12-18 months. I own an unknown amount of phantom stock. My guess is it will be worth anywhere from 75-150k. This is taxed as normal income. Any good tips out there I can use to minimize my spike in taxable income?

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TOP 16 Comments
  • Bloomberg TimeToPlay
    Nothing beyond the standard things like maxing our retirement accounts. For some reason people seem to believe that there are magic accountants and magic things one can to to avoid tax burden. You canโ€™t.
    Oct 3 4
    • eBay mhTvaOb
      Obviously you never worked in a successful startup
      Oct 3
    • BuilderTREND GUwL81
      OP
      I was actually really hoping for magical accounting advice.
      Oct 3
    • Credit Karma
      ๐Ÿ•ธ ๐Ÿ•ธ ๐Ÿ•ธ

      Credit Karma

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      I would also like magical tax advice.
      Oct 3
    • eBay mhTvaOb
      You need to be top 1% to utilize tax havens. This is US of A dude
      Oct 3
  • BuilderTREND GUwL81
    OP
    We will likely sell to a VC firm - so not an IPO but I figured this would catch the right set of eyes.
    Oct 3 1
    • eBay mhTvaOb
      See if they can get you 83b
      Oct 3
  • โ€œWhen it gets to unicorn status in a yearโ€ famous last words
    Oct 3 0
  • Parchment randomvalu
    Hey neighbor. What's BuilderTREND like? Just hit 500 employees, but I don't know anyone there.
    Oct 3 1
    • BuilderTREND GUwL81
      OP
      Awesome place to work. But you have to grind. No easy way to advance other than straight out working people. That being said, Iโ€™ve never worked more than 45 hours in a week there.
      Oct 3
  • Augmedix TsXW41
    Pay your taxes.
    Oct 3 1
    • eBay mhTvaOb
      Never said a rich man
      Oct 3
  • eBay mhTvaOb
    83b
    Oct 3 1
  • Salesforce hAwT38
    TC or GTFO
    Oct 6 0
  • Verizon / Eng chodes#
    So did you get the 83b or what
    Oct 3 0

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