@Netflix is there a way to avoid getting schlonged by Uncle Sam when you exercise the stock options?

Google / Eng
ed sheeran

Go to company page Google Eng

ed sheeran
Jul 23, 2017 4 Comments

@netflix employees and alumni

after last week's gains, I want to liquidate some of my NFLX options. What are the strategies that minimize tax liability?
Can you recommend tax professionals who are knowledgeable about this situation?

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TOP 4 Comments
  • Microsoft / Eng
    Skyped

    Go to company page Microsoft Eng

    Skyped
    From the been there, done that, had the IRS ram a telephone pole up my ass:

    Not much you can do legally

    Anything that sounds too good to be true is probably fraud and people will end up in jail.

    Charitable donations are a good choice, but that doesn't pay the bills.

    Setting up a family foundation is an excellent option with some ability to get advantage from the money.

    If the gains are large, you will learn how quickly AMT accelerates.

    Business losses from a K1 come off the top before AMT. accelerated depreciation is awesome.

    My Dads wisdom "there are far worse problems than paying a million a year in taxes".

    btw - that is probably "W2" income so you get the higher rate plus FICA and Medicaid taxes.
    Jul 23, 2017 3