Big Tax Savings on Employee Options - Aaron Rubin #5538
b'Summary: In this interview I speak with Aaron Rubin, who specializes in tax and stock options. As a member of Werba Rubin Papier Wealth Management, he has a number of tips for minimizing eventual tax burden, and strategies for public and private entities. Be sure to tune in for insider information on options, especially if you want to save on taxes in the future. Highlights: -We recently heard about Elon Musk\\u2014with options in Tesla coming up. He exercised the options, which is taxable -Musk is probably sitting on some incentive stock options -Non-qualified stock reflects a difference on your tax return -It increases your ability to exercise incentive stock options for no tax at all -When you have an opportunity to sell stock, what stock do you sell? It\\u2019s important to look at what gets taxed -When something out of the ordinary happens, there\\u2019s a chance that there\\u2019s a great opportunity ahead -With public charities, you get the most bang for your buck -Private foundations have their own set of rules -If you know you\\u2019re getting stock, it\\u2019s important to exercise your stock options early -Early exercise allows for pre-purchase\\u2014making it yours on paper sooner. You can start being taxed by the IRS, and you get taxed at zero in the beginning. As the stock bests, you don\\u2019t owe additional tax Useful Links: Financial Survival Network WRP Wealth'