Jun 22, 2022
Summary:
In this interview I speak with Aaron Rubin, who specializes in tax
and stock options. As a member of Werba Rubin Papier Wealth
Management, he has a number of tips for minimizing eventual tax
burden, and strategies for public and private entities. Be sure to
tune in for insider information on options, especially if you want
to save on taxes in the future.
Highlights:
-We recently heard about Elon Musk—with options in Tesla coming up.
He exercised the options, which is taxable
-Musk is probably sitting on some incentive stock options
-Non-qualified stock reflects a difference on your tax return
-It increases your ability to exercise incentive stock options for
no tax at all
-When you have an opportunity to sell stock, what stock do you
sell? It’s important to look at what gets taxed
-When something out of the ordinary happens, there’s a chance that
there’s a great opportunity ahead
-With public charities, you get the most bang for your buck
-Private foundations have their own set of rules
-If you know you’re getting stock, it’s important to exercise your
stock options early
-Early exercise allows for pre-purchase—making it yours on paper
sooner. You can start being taxed by the IRS, and you get taxed at
zero in the beginning. As the stock bests, you don’t owe additional
tax
Useful Links:
Financial Survival Network
WRP Wealth