When do I have to pay taxes if I'm given stock options for services?

1 Answer

Answer :

Is the company stock listed publicly? Where do you live? Options are different to actual stocks. Be careful.

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Last Answer : answer:I just did mine through the TurboTax free edition. I got my w2 on 1/15, filed on 1/18. The IRS began processing refunds on 1 / 30. Mine cleared in my bank account on 2/8. They’re pretty damn quick. Direct deposit is the way to go.

Description : My wife had a business last year. Should we still file our taxes jointly?

Last Answer : answer:How was the business organized? Did she draw a salary? The business may have to file its own return. I would bite the bullet and get professional help.

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Last Answer : b. determine cost of goods sold for the period.

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Last Answer : a. verify the accuracy of the accounting records.

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Last Answer : b. notes payable.

Description : Local taxes are an examples of secured creditors.

Last Answer : FALSE

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Last Answer : b. pay within the discount period and recognize a savings.

Description : All of the following are stockholders’ equity accounts except a. Common Stock. b. Capital Stock. c. Investment in Stock. d. Retained Earnings.

Last Answer : c. Investment in Stock.

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Last Answer : d. They can never include cash accounts.

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Last Answer : TRUE

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Last Answer : (a) 8 times

Description : Calculate re-order level from the following: Safety stock: 1000 units Consumption per week: 500 units It takes 12 weeks to reach material from the date of ordering. (a) 1000 units (b) 6000 units (c) 3000 units (d) 7000 units

Last Answer : (d) 7000 units

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Last Answer : (b) Rs. 805

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Last Answer : (a) provide lowest value of closing stock and profit

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Last Answer : (b) provide highest value of closing stock and profit

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Last Answer : (b) Rs. 4,500

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Last Answer : (b) Rs. 2,80,000

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Last Answer : D. All of the above

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Last Answer : a) Application of funds

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Last Answer : b) Source of fund

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Last Answer : a) Goodwill

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Last Answer : c) Efficiency

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Last Answer : c) Over investment in inventory

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Last Answer : d) Activity ratios

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Last Answer : d) Solvency ratio

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Last Answer : d) Quick asset

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Last Answer : FALSE

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Last Answer : a) Operating

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Last Answer : c. the customer can deduct a 2% discount if the bill is paid within 10 days of the invoice date.

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Last Answer : a. a sales discount.

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Last Answer : a. are obligations that the company is to pay within the forthcoming year. b. are listed in the balance sheet in order of their expected maturity.

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Last Answer : c. relationship between current assets and current liabilities.

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Last Answer : TRUE

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Last Answer : (b) Raw material, Finished goods

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Last Answer : (c) Which do not change in total during a given period despise changes in output

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Last Answer : No, you do not technically need a stock broker if you are interested in learning stock options but it is highly reccommended that you consult a stock broker before you make a portfolio.

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Last Answer : B. Finite Life of the firm

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Last Answer : Not be harsh; your friend needs an international lawyer and a CPA, thanks for helping but he could be trouble with the IRS already.

Description : If I am the owner of a trade school, can I defer my salary?

Last Answer : You should get yourself an accountant. Try SCORE they are all volunteers and many are retired executives of large companies.

Description : Accounting question: is it a fixed asset if multiple items total over $500?

Last Answer : The price is irrelevant to the definition of a fixed asset. The common definition is applicable to items not readily convertible to cash, such as your house or the new furnace in your house—things you are unlikely to buy or sell in a hock shop or yard sale.

Description : What are some examples of high level accounting?

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