Get informed.

What small tips and tricks have you found that made a difference in your personal finance life? What great article did you just read? Found a great blog?

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Justus
Posts: 192
Joined: Sun May 29, 2011 4:50 am
Location: Chicago
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Get informed.

Postby Justus » Mon Dec 03, 2012 7:46 am

I've been really confused with stock options, RSUs and ESPP and I had not truly understood how these transactions would relate to my taxes (and how any gains would be taxes). Having entered them wrong in turbotax and now having gone through a few cycles of IRS letters/disputes, I've not only cost myself money, but immeasurable stress and health problems from the worry.

The lesson? Get informed. Look carefully and ask questions.

Jerry
Posts: 153
Joined: Fri Apr 05, 2013 2:30 am
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Re: Get informed.

Postby Jerry » Fri Apr 19, 2013 3:00 am

I can understand what you're going through. One of my friends went through the same phase. She had to go through a lot during that time. Yes, I absolutely agree with you that it's very important to update yourself with knowledge on these fields. As far as filing taxes are concerned, taking help from a tax adviser would be great.
Jerry
Forum Moderator, MortgageFit Community


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