The National Association of Stock Plan Professionals: State Tax Considerations for Stock Plans
- 2.26.2008 | -
A. William Caporizzo , Julie Rodgers , Kimberly Wethly
The National Association of Stock Plan Professionals sponsored a webcast that discussed state tax considerations related to stock options. The webcast included a discussion of how stock options are taxed at the state level, as well as the more intricate and complex state tax aspects of stock options, including the potential double taxation of optionees and apportionment and withholding issues for employers. The webcast was attended by over 600 participants.
Highlights of the presentation included:
- An overview of how states tax optionees, including a discussion of resident and nonresident taxation;
- An analysis of the methods used by various states to apportion income between the states in which services are performed versus the states in which income is recognized;
- A description of tax credits, including instances where credits may not prevent double taxation of optionees; and
- A summary of the withholding, apportionment and deduction issues for employers related to stock option income.
WilmerHale partners A. William Caporizzo, Kimberly B. Wethly and counsel Julie Hogan Rodgers ofthe firm'stax practice were featured speakers at the webcast.
