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RE: Steem Taxes

in #taxes7 years ago (edited)

Hi, I am clearly very late to this thread but I just want to clarify. "get stocks as a bonus" In the US tax world:
If employee is awarded straight stock free of all restrictions for a bonus I would agree there is immediate taxation, however this is usually not how it works with public companies - you would get a restricted award or options. So, for equity based comp that has a vesting, there are three key event dates - the grant date and the vest date (and third exercise date for options), the taxation at each point in time depends on the very specific facts/circumstances. I might write an article just on different options/awards, so that it gets people thinking about how taxation of steemit currencies works.

I'm sure you just meant eventually there is taxes and I am over-killing here, but I was dying to just add that point in.

This is not tax advice to any one individual and shouldn't be used to attempt to avoid taxes/penalties.