Sox, I'm not even done reading the article yet. I have more clicking to do, and more googling and wikipediaing.
see. this is reading. old-school. What I did? speedy x 2 passes, with a couple of click throughs and a few 'ooh pretty's plus a thought or two about what bolero would be like as a villainelle. interspersed with getting juice, taking temperatures, and being generally snotted all over by cra-N-ky toddler. this last must be done with soon or I am running away to mexico.
Box 14 is just informational so I think you still need to file a Schedule D and just ignore Box 14 on your W-2. Now do you have an entry in box 12 of your W-2 for code 'V'?
sierra trading post cargos: [link]
I called LA City's Finance helpline, and they said that yes, this appeared to be an error, and it sometimes happens. They said to attach a copy of my business license and supporting documentation that I paid my taxes and am in good standing. So I did that, checked the box for an immediate hearing.
I pulled copies of my tax returns for the last three years, made copies of all documents related to my license, including the canceled check, and mailed the form back with the documentation attached, circling and notating each error on the form they sent.
GO YOU! Bury them in paperwork!
Hoping for quick resolution.
Me too!
Oooh. Hm, I see what you are saying. But that doesn't seem to work out since the number that shows up on my W-2 is the gain, not the income of the options. And none of the programs asks me about the income of the options. That is, there's nothing different about the way any of them asks me, so I don't see what HRBlock is doing that's making the tax so much lower. Is the income of the options really income if I technically paid for them myself by selling the stock?
I can only guess, so you shouldn't use my guess as a basis for filing your return. But my guess is that the cost of the options is included in your wages/salaries/tips income box. You should be taxed on the cost basis at some point, but not twice -- i.e., not at grant AND sale, but one or the other.
I should explain, code 'V' in Box 12 is income from exercise of nonstatutory stock options and is included in your reported W-2 income. If it isn't reported in box 12 code 'V', then your stock option income probably isn't included in your W-2 income and you may be off to Schedule D, but I don't know for certain.
I'm not an expert by any means, but I know about that box 12 from past experience.
Completely unrelated, my therapist had this awesome nugget: You know, part of the problem is that you're actually too smart for your job.
No, I totally get this. You start overthinking everything just to keep some brain activity going and then everything seems more complicated than it needs to be.
Paging Matt the Bruins fan: David Boreanaz will be blogging about the NHL playooffs. (but not the Bruins, he'll be following the Flyers.)
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Allyson, if you are feeling overwhelmed it might help to write every single thing that comes into your head that you think needs doing (GTD technique). The idea is that once you put is down it will stop swirling around in your head and causing anxiety.