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A comment on Ask HN: Joined a startup? Your taxes are about to get complicated. Questions?.

Re:Ask HN: Joined a startup? Your taxes are about to get com... by momofuku on Tuesday April 18, 2023 @04:23PM (#35619520)
Actually, I'll be joining a startup-ish in about 1.5 months. I am an immigrant and this will be my first job out of school. What do you mean taxes are about to get complicated :eyes:
[ Parent | on HN ]
Re:Ask HN: Joined a startup? Your taxes are about to get com... by brntsllvn on Tuesday April 18, 2023 @04:49PM (#35619896)
When you're compensated in private shares, you still owe tax on them.

With public companies you typically "sell to cover" when you vest, but this isn't possible with private shares.

The workaround is the 83(B) election.

[ Parent | on HN ]