Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Part of my negotiations for a new job I've taken is to own a percentage of the company (which is a very small corporation, until now owned by one person). The owner of the company is telling me that when I take possession of the shares he will give me, I'll need to pay taxes on the value of the shares. Is this correct? First of all, I'm not realizing any monetary advantage, which I thought was a criteria for taxes to be paid. Second, I don't want to pay taxes on the "guess" about what those shares are worth. When I leave the company and sell those shares back to the owner or to another party, I'll be happy to pay tax on that sale, but it seems I shouldn't have to pay anything until then.

Any advice is much appreciated. I really need to find a personal tax adviser, but haven't done so yet.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.