Where participants recognize compensation income in connection with stock compensation,
the company has a reporting obligation with respect to this income and is also sometimes
required to withhold taxes on the income. This article summarizes the U.S. tax withholding
and reporting requirements for stock compensation.
Businesses and nonprofits operating in Pennsylvania that hire independent contractors or corporate directors who live outside of Pennsylvania, or that pay rent on Pennsylvania property to landlords living outside of Pennsylvania, must carefully consider new Pennsylvania withholding rules that will be enforced beginning on July 1, 2018.
In a rare piece of good news relating to Section 409A of the Internal Revenue
Code, on October 4, 2013, California reduced its additional state tax on income
failing to comply with Section 409A from 20 percent to 5 percent. This reduction is
effective for taxable years beginning January 1, 2013 and later.
Written by Marlene Zobayan of Rutlen Associates, this paper provides a summary of the state tax treatment of domestically mobile employees.
A new law in Pennsylvania could require companies to withhold PA personal income tax on compensation paid to nonresident outside directors and other nonemployees.
What Can Professional Athletes Teach Us About Taxes
Which State Are Your Employees In?
Everything you need to know about U.S. year-end tax reporting!
This quick survey reports on compliance and administrative practices for state-to-state mobile employees, including assignees, transfers, and business travelers.
CA FTB Publication 1004, which provides information on how stock compensation is taxed for both residents and nonresidents.
Submission of Federal Form 1099-MISC and withholding on Pennsylvania-source nonemployee compensation, business income and lease payments.
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