Stop Paying Double Tax on Your RSUs (Common 1099-B Mistake) | McCarthy Tax Preparation

Описание: Don't let a confusing 1099-B cost you thousands.

If you receive RSUs, stock options, or participate in an ESPP, you are at high risk of paying double tax on your equity compensation. Every year, we see smart, detail-oriented tech professionals make the same mistake: reporting a $0 cost basis on their tax return because that's what their brokerage firm reported.

In this video, John McCarthy (CPA) explains why big brokerages like Morgan Stanley, E*TRADE, and Fidelity often report this data in a confusing way and, more importantly, how you can fix it before you file.

In this video, you will learn:
Why your RSU cost basis might show as $0 on your 1099-B.
Where to find the correct cost basis information on your supplemental statements.
How to check past tax returns to see if you’ve overpaid (and how to get that money back).
Why you shouldn't wait until the April 15th deadline to review these documents.

📅 *Book a Discovery Call:* https://johnmccarthycpa.com/schedule/
💻 *Visit our Website:* https://johnmccarthycpa.com/

👇 *NEED HELP WITH YOUR EQUITY COMPENSATION & TAX PLANNING?* 👇
If you are looking for a CPA firm that specializes in equity compensation (ISOs, NSOs, RSUs) and comprehensive tax planning, we are currently accepting new clients.
---
*WHO WE ARE:*
McCarthy Tax Preparation is a specialized CPA firm working with 700+ clients across 40 states. We help professionals with equity compensation navigate the complex tax code to minimize liability and maximize wealth. We work best with clients who value proactive planning over reactive filing.

*ATTENTION FINANCIAL ADVISORS:*
We partner with financial advisors to provide high-level tax expertise for your clients. If you are looking for a CPA partner who understands the nuances of equity comp, let's connect.

🔗 *Partner with us:* https://johnmccarthycpa.com/advisor-p...
---
*CONNECT WITH JOHN MCCARTHY:*
LinkedIn:   / johnmccarthycpa  
---
*DISCLAIMER:*
This video is for educational and informational purposes only and does not constitute official tax, legal, or financial advice. Tax laws are complex and subject to change. The strategies discussed may not be suitable for your specific situation. Please consult with a qualified CPA or tax professional regarding your individual circumstances before making any financial decisions.

0:00 - The "Double Tax" Trap for Tech Employees
0:13 - Why Brokerages (Morgan Stanley, E*TRADE, Fidelity) confuse the data
0:57 - Why RSUs are already taxed on your W-2
1:45 - Takeaway #1: Don't trust the 1099-B alone (How to find the real numbers)
2:41 - Takeaway #2: How to check prior years for overpayments
3:18 - Takeaway #3: Do a proactive review now (Don't wait for April 15th!)
3:58 - How to work with McCarthy Tax Preparation