Re:Ask HN: Anyone have stock option horror stories?
by jonas21 on Thursday March 17, 2022 @12:06AM
(#30707563)
In the US, it's not a crime as long as you file your taxes accurately. The IRS generally allows you to set up a payment plan or even settle for less than is owed if it would cause hardship to pay.
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Re:Ask HN: Anyone have stock option horror stories?
by toss1 on Thursday March 17, 2022 @10:35AM
(#30711645)
Right, but you DO need to file the tax returns with the IRS, accurately reporting your income, and then actually negotiate the payment plan (and stick to it or renegotiate).
We don't just get to unilaterally declare that 'I'll be uncomfortable paying taxes, so it can wait'... and then not bother to file or negotiate a plan, which seems to sum up OP's position. Wish him/her luck, they'll need it!