Trending @Accenture; Accenture Shares
I have opted for the Accenture shares and am not sure whether we need to pay taxes every year? Or when do we need to pay taxes for the shares which we own?
There are a couple of elements to factor in when assessing the tax consequences of the Accenture ESPP.
Firstly, the 15% discount, which might appear as “free” money, is taxed as ordinary income in the year you receive the stock.
Secondly, when you sell the stock, you’ll pay a short-term or long-term capital gains tax on any additional gains after the purchase.
If you sell right away, there’s a chance the stock price hadn’t moved much from when it was issued, but any profit is taxed at the short-term capital gains rate.
Any stock held longer than one year and sold is taxed at the much lower long-term capital gains rate, ranging from 0-20% depending on your income bracket.
Hi, It looks like you have good knowledge about ESPP. I am ATCI employee and I bought a few ACN shares and I am trying to sell it but the documentation is not sufficient to understand the process to receive the cash back on to my back account. Can you help me out?
