There are a couple edge cases where CPAs are poorly equipped. ISOs are one of them. Out of state ISOs even more so.
I moved out of CA and had to pay taxes on my ISOs. Financially it was a good move as the market soured after I sold them. Even after paying taxes to two states, I came out ahead. However, my life was misery just trying to do the right thing.
It took three CPAs. One quit after he was sufficiently intimidated after calling the FTB for instructions, one just gave up, and the third told me correct enough instructions that I paid and filed. I apparently still did something wrong per California and had to write them another check. I have no idea if I overpaid or not. It’s simply not worth the fight but if I did think it was, in come the lawyers.
I just want to get to a point where I am not living with monthly taxation discussions so I’m ok with being done with it, whatever overpayment I may have made.
I moved out of CA and had to pay taxes on my ISOs. Financially it was a good move as the market soured after I sold them. Even after paying taxes to two states, I came out ahead. However, my life was misery just trying to do the right thing.
It took three CPAs. One quit after he was sufficiently intimidated after calling the FTB for instructions, one just gave up, and the third told me correct enough instructions that I paid and filed. I apparently still did something wrong per California and had to write them another check. I have no idea if I overpaid or not. It’s simply not worth the fight but if I did think it was, in come the lawyers.
I just want to get to a point where I am not living with monthly taxation discussions so I’m ok with being done with it, whatever overpayment I may have made.