cost basis

TFP #053: Don't Tip The IRS

Read Time: 3 minutes

Welcome to the 53rd edition of the Tech Financial Planning (TFP) newsletter.

If you have company stock, please, please, pretty please, make sure you report the correct cost basis.

It can be the difference between owing $7,000 and owing $10 (aka tipping the IRS).

I was chatting with someone earlier this week on LinkedIn and they were doing their taxes in TurboTax and they were surprised with how much taxes they still owed.