Your equity tax questions, answered

1:1 Equity Tax Planning Sessions have a one-time fee of $500.

During this session, you and your assigned tax advisor will have walked through various exercise/sell scenarios that are specific to your equity grants, tax profile, and near- and long-term goals. For example, you’ll see what you could make in profits and owe in taxes if you exercised today and held long enough to qualify for long term capital gains. Your scenarios would allow you to compare this outcome to other scenarios, like minimizing AMT or selling immediately after you exercise.

The various scenarios that you run with your advisor will help you understand:

• The potential value of your equity
• Tax strategies that are available for you based on the type of equity you hold
• How you can strategize over multiple years to align with your cashflow needs, appetite for investment risk, and financial goals.

Great question! The Harness Tax Concierge will ask you to share a few documents with them, within 48 hours of booking your service. This helps ensure your equity session is customized, effective, and efficient. These documents include:

• Equity documents: Gather your equity holdings and stock option plan info. If you file taxes jointly with your partner, include their documents as well.
• Tax documents: Have your last year’s tax filings ready to ensure your tax advisor understands your tax picture. Include your partner’s, if filing taxes jointly
• Pay stubs: Share your most recent paystub with your tax advisor to help give them your full financial picture. Again, include your partner’s most recent pay stub, if applicable.

Your advisor will also send you a short questionnaire to ensure they are aware of your equity questions and goals ahead of time. This will make sure that the strategies and topics you cover in the 1-hour session are specific to you.

Your session will be held with one of our Harness tax advisors, all of whom are experienced with equity compensation.