willie1975
Junior Member
What is the name of your state (only U.S. law)? Texas
I received some stock shares from previous employer for a sign on bonus. The employer is a publicly listed company, their stock (which is what I was paid in) is on the london stock exchange and what I have is a stock certificate from what I guess is a holding company of some sort, Principa in London. Now is this income that will be reported on my W2 ? I am working on getting the shares "transferred" to the US by a US based broker.
1. Is it income now while still being in London ?
2. Does it become income when it is transferred to the US ? I dont know if that is even possible without selling them on the london exchange and then the cash is transferred ?
3. At some point will federal tax be withheld ?
I just . don't want to be hit for a tax penalty here. I'm not even sure if I owe UK taxes, all the work done for this company was done by me here in the US 100%
Thanks for any help. This one is all new to me.
I received some stock shares from previous employer for a sign on bonus. The employer is a publicly listed company, their stock (which is what I was paid in) is on the london stock exchange and what I have is a stock certificate from what I guess is a holding company of some sort, Principa in London. Now is this income that will be reported on my W2 ? I am working on getting the shares "transferred" to the US by a US based broker.
1. Is it income now while still being in London ?
2. Does it become income when it is transferred to the US ? I dont know if that is even possible without selling them on the london exchange and then the cash is transferred ?
3. At some point will federal tax be withheld ?
I just . don't want to be hit for a tax penalty here. I'm not even sure if I owe UK taxes, all the work done for this company was done by me here in the US 100%
Thanks for any help. This one is all new to me.