Tax Filing 101 for Stock Compensation Holders
By Emily Peterson•Investments•READ TIME: 2 Min
Listen to Tax Filing 101 for Stock Compensation Holders!
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Taxes can be overwhelming, especially when managing stock compensation and navigating complex filing requirements.
Are you maximizing your tax strategy, or are you leaving money on the table? How can you ensure accurate reporting and avoid costly mistakes?
In this episode, Matt Nelson sits down with Conner Kelderman, CPA and founder of Track, to break down tax filing best practices, stock compensation complexities, and essential deadlines. They discuss common mistakes professionals make and how to optimize your tax planning for long-term financial success.
We discuss:
- The key documents needed for tax filing, including W-2s, 1099s, and supplemental equity compensation forms
- How stock-based compensation like RSUs and ESPPs impact taxable income and common reporting errors to avoid
- The importance of understanding cost-basis adjustments to prevent overpaying on stock sales
- Deadlines for tax filing, estimated tax payments, and strategies for managing extensions effectively
- Recent IRS updates on inherited IRAs and required minimum distributions, and what they mean for future planning
- And more!
Resources for Tax Filing 101 for Stock Compensation Holders
- Download Conner’s Tax Reporting Checklist: Stock Compensation
- SECURE Act 2.0: Catch-up Contribution Rules
- Looking for a Financial Advisor for MedTech Professionals?
- Plan Your Stock Compensation for the Year
About Conner Kelderman, CPA
Conner founded Track in 2023 after 12 years of diverse tax service experience with several reputable companies including: KPMG, Global Tax Network, and NorthRock Partners / Private Tax Services. Conner has expertise in handling tax planning matters for individuals, family groups, and business entities. He manages the tax preparation and filing for both individuals and business entities. He has been a licensed Certified Public Accountant (CPA) in Minnesota since 2015 and is a member of the American Institute of CPAs (AICPA) and Minnesota Society of CPAs (MNCPA).
Conner is husband to his wonderful wife, Jordyn, and proud father to four energetic children: Skye (8), Jett (6), Zaye (4), and Lake (2). When away from his computer, Conner loves to spend time with his family, tries to fit in an occasional round of golf, and cycles around Minneapolis/St. Paul.
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