Can a closely held corporation give stock to an employee and it be exempted from tax as a gift if under$11,000
541418
That doesn't sound legal.
80363
No they are not, you must count these as income.  If the stocks are kept in a 401k or ira plan you would not have to count the income.  You may be able to take in stock losses as deductions
401525
No, as long as you don't sell, there is not a taxable moment.  So, you won't have to pay tax on any gains on your stockes until you actually sell them (or transfer them to another person).
1086730
Per the IRS the receiver of the gift pays no tax upfront.  if it is something that would produce capital gains/ losses, you would have to pay those taxes if/ when you liquidate.\nUpto a $100,000 you do not even have to report the gift.  Over a $100,000 you merely mention it to the IRS.
694103
Depending on the circumstances, (very specific ones) yes. If you are a professional in the finance or banking world it is without a doubt taxable. Further, if it were requested that you find this investor and did so at your friends behest, then that makes you a professional and therefore it is taxable. \n\nThe las is very uncertain in these circumstances for obvious reasons. How can the IRS tell the difference between a gift or loan from a friend, and a finder fee? That being said, if there is a "recombundant pattern" then it will eventually be considered a wage or regular payment. All in all, there is a lot of grey area here...I would suggest speaking with your particular CPA if you have one prepare your taxes, or go over the software your use to determine your exact tax liability.
700320
While there are several type of stock options generally the amount of money that the company is putting up for the stock is taxable in the state in which the company is located.  Therefore it is very likely that what they have told you is correct.  If you hold the stock for any period of time and sell it at a gain, that gain would be taxable in the state of your residences.  This event is likely to require that you file a tax return in both states.  The good news is that you off set one states taxes with a like deduction for that tax in the other.  \nOptions are sometimes very tricky to properly report on your tax return.  You may wish to consult with a tax professional in your area.  You should attempt to locate some one that is familiar with stock options.
155105
If you hold the stock for more than a year.. you have two rates:\n\nThe 5% Rate\nWho's Eligible: Individuals in the 10% and 15% federal income tax brackets with net long-term capital gains from selling investment securities held for more than one year. \n\nThe 15% Rate\nWho's Eligible: Individuals in the 25% federal income tax bracket or higher with net long-term capital gains from selling investment securities held for more than one year. \n\nLess than one year, then it's taxed like ordinary income and just goes into the income pot.  No income tax break.
988724
From the little bit of information you've provided, it is your personal income and you should pay taxes on it. \n\nAdditionally, if the supplier is going to issue a 1099, that would be because you are not a business. A 1099 would normally only be issued to an individual, or because a company does not provide appropriate Federal Tax ID information.\n\nBut to answer your question, about the only way to get the money out of the "business" without having to pay taxes on it would be as a re-payment of monies that you've loaned the "business"
907897
You could make a substitution of cash for the stocks. I'm not sure you can do the substitution of cash for stock that is owned by an LLC. I think that this would be considered a sale by the LLC of the stock for the cash. You could probably get around this by distributing the stocks from the LLC to the members and do the substitution. The distribution of stock by the LLC to each member should not trigger a tax. The members would take the LLC basis in the stock.\nThis is a fairly complex transaction so I would recommend a session with a CPA or tax attorney to verify the answer.
393440
She can do this, but it may count as a taxable gift since she will have basically deeded over 1/2 interest in the property to you.\nBetter that she puts the property in a trust with her as the trustee and you as beneficiary.  It can then pass to you with no tax consequence and avoid probate.
1118398
ABSOLUTELY\n\nTry this Yahoo!Finance article at http://biz.yahoo.com/edu/ds/ir_ds2.ir.html.\n\n\nI think if you have AAPL shares in your accout, you can transfer just 1 share into your nephew's name, and get a share certificate etc...\n\nGot to SHAREBUILDER and explore the site and this is good place to start...you can even get a share certificate just for 1 share and give it as a gift ( Frame it ofcourse ).\n\nThe URL is http://www.sharebuilder.com/sharebuilder/Index.asp
871923
It may be difficult, especially if the stocks were not held in a "gift to minor" account.  Your parents, obviously the ones who contributed the money to purchase the securities, may have had the certificates re-issued, deleting your name.\n\nIf it was held in a "gift" account, find out what bank or broker holds the account, prove that you are who you say you are, and are "emancipated", and you should have no problem in acquiring the assets.
414839
For 2006, one person can give another person $12000 without gift tax. That means your parents can give you $24000 without any gift tax. You don't have to pay income tax on the gift.\n\n\nZhicheng Lai\n\nEnrolled Agent
912226
This is a good question to discuss with a tax accountant.  You are not restricted to anything, but some things may be tax-deductible, others may not be, and yet others would only be tax-deductible uo to a certain limit, which could be either an absolute number or a percentage of employee's earnings...
1040456
I read a news article on the subject.  Since you piqued my interest, I looked it up.\n\nSection 1043 of the Internal Revenue Code was enacted in 1989.  It allows executive branch employees to defer - not avoid - tax on gains realized when they are forced to sell their holdings due to conflict of interest rules.  The proceeds must be reinvested in Treasury securities or approved mutual funds.\n\nThe basis of the reinvestment property is adjusted so that the deferred gain will be taxed when that property is disposed of.  \n\nI am not aware of any rule that would allow that gain to be untaxed because he is a federal employee.
845258
The gains realized by a non-resident alien or foreign corporation from the sale of stocks and other securities is not subject to US tax.  The dividends are subject to 30% withholding unless the foreign person is a resident of a country that has a treaty with the US lowering the withholding rate.  See Section 871(a)(2) of the Internal Revenue Code.
201845
buy stock in an oil company then give it to the relatives