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You can always pay the tax in stock itself at the time, though.
by commandlinefan 5y ago
You can always pay the tax in stock itself at the time, though.
- magneticnorth 5y agoNot if the company isn't public; the IRS doesn't take shares of stock, you need to be able to convert it into dollars.
- pabl8k 5y agoThis is only true if there is a market for the stock (including if the company will buy back a portion from you, which many bigger startups will do) as far as I know. The IRS won't accept company stock for tax payment, it has to be turned into cash.