My company incorrectly filed my W-4 and other filings, saying my income taxable but not withholding the state tax. Now I’m on the hook for the full tax amount of $10,000 AND a $400 penalty fee because my HR is a**. Venting now because my accountant is working to fix everything but HOW does this hap...Read more
People are losing their jobs, and f*cking IRS still grab 30-50% of their last income as tax. In tech companies where majority are foreigners.Some of them will leave US forever, what’s the point of collecting tax from them It’s inhuman. Can we ask congress to change this f**k law ?
If I work for a California based company but live in Texas, do I have to pay California or Texas for state tax? What if I live in Mexico but still work for that California based company? Thanks!
Verbal offer from a recruiter stated the company pays the tax on RSUs when they vest. Has anyone come across this before? How does it work? Thanks
You've all heard big tech saying "oh we overhired during COVID, now covid's over and we need to cut back" bull crap. Yeah that might be true to an extent but the change to IRS section 174 is a blow to the nuts. In 2021, say your company made 1m revenue, and R&D expense was 1m, you would pay 0 for c...Read more
I know that we can't run a company actively on an h1b but we can still own a company - just not get paid by it. I was wondering if there is a way to open a company to write of taxes as many Americans do?
I am going to be leaving Meta soon and my new company offers less matching than Meta. I am planning on maximizing my 401k while I am at Meta. I am also maximizing After tax 401k (mega back door) but I read that is per company. Does this mean I can contribute another 20k at the new company for afte...Read more
My company got acquired in December 2017 and the payout happened in January 2018. My company didn't deduct the tax and sent the entire amount as a wire. It was a private company. The amount after the close of escrow was around $200k. These are NSOs so they would appear on my w2 for the year 2018...Read more
You can’t “sell to cover” like in the case of a publicly traded company, so how is it taxed? Does the $ amount of RSUs * tax rate come out of your base salary? If so, that sounds awful since you can’t really sell your vested RSUs anyways. Secondly, lots of startups are flaunting that they provide R...Read more
In 2020 if company incorrectly withheld tax in CA but I was living in NY, then I need to file CA tax form to get refund for 2020 but still pay NY in full for state tax amount on my entire income right?
All right suppose I move to a zero income tax state then after moving and establishing residency, I start working at a CA company so that my RSUs are initially granted after my residency had changed to the new zero income tax state. Will CA still try to tax my newly granted RSUs?
I work for a start-up and was going to do my taxes back in early February, but I realized my company messed up my HSA contribution and I couldn't file. The crazy thing is they didn't just mess up my form, they messed up anyone's form who used an HSA and got a company contribution and didn't publicl...Read more
Assume I'm in the US and the company I'm currently at is private and I've vested shares. Then I move to another country (Spain or Colombia, for example), do I have any tax responsibility to the new country when my now former private company goes public and I actually receive the shares?
I recently joined a company in WA but because of covid started from CA and staying with a friend here. I received my sign on bonus some days back with huge CA tax withholding (about 11%). I am also about to get my RSU grant to be vested over 4 years. It's been less than 30 days since I joined my com...Read more
can anyone explain everything about taxation on RSU from American companies or redirect to link please Basic question: 1. Will tax be charged in US and India both place? How much? 2. Will it be taxed when vasting period complete or while selling 3. Are we end up paying more tax on RSU than Base sa...Read more
https://www.cnbc.com/2022/04/14/how-companies-like-amazon-nike-and-fedex-avoid-paying-federal-taxes-.html
Are Amazon, Microsoft and others big tech companies monitoring location of remote workers that are not going back to the offices? If so, how does it work? any experience that someone could share? Thanks #officelife #amazon #microsoft #remote #faang
So my previous company deducted $5k as part of some agreement when I left. I want to know is it something adjusted in W2 by the company or do I need to do something more to let irs know about the payment so that I can get that tax amount back? Tc - obviously peanut that’s why asking for tax return...Read more
So many lining up for H1B, why not exert pressure on India government to increase taxes on foreign companies and use the tax money to improve infrastructure so you don't have to come to US? You can risk companies leaving India, but then they will lose cheap labor since there's a cap on H1B if they m...Read more
many good companies match 50% pre-tax 401k. any of them match after-tax 401k ad well?