Zagmout & Company CPAs

🍁 As we count our blessings this Thanksgiving, we count ourselves extremely lucky to have friends & clients like you. Thank you for making every day feel like a day to give thanks.

May your table be filled with food and your heart with gratitude - and may the feast go on long after the leftovers are gone. Happy Thanksgiving from your extended family at Zagmout & Company CPAs!

https://www-nytimes-com.cdn.ampproject.org/c/s/www.nytimes.com/2022/01/12/business/irs-backlog-tax-returns-2021.amp.html

After a ‘horrendous’ 2021, the I.R.S. will start the tax season with a major backlog. At least 10 million returns from last year remain unprocessed because of short-staffing at the tax collector, according to the national taxpayer advocate.

https://www.linkedin.com/pulse/pros-cons-83b-election-zagmoutcpas

The Pros and Cons of the 83(b) Election The 83(b) election, named after the provision in the Internal Revenue Code that permits this strategy, allows an employee or founder of a business a special option to prepay the tax on the total restricted stock’s fair market value at the time the equity is granted instead of the time when the equ...

https://www.linkedin.com/feed/update/urn:li:activity:6838225543633154048

Zagmout & Company CPAs on LinkedIn: Cryptocurrency: Dealing with a Tax Nightmare ...

ESSP Taxation: What You Need to Know

ESSP Taxation: What You Need to Know | Zagmout & Company CPAs - Chicago CPA & Tax Preparer Many large employers offer an Employee Stock Purchase Plan (ESPP) as part of your compensation package. These plans are offered as an employment incentive, giving you an opportunity to share in the growth potential of your company’s stock. You may be wondering what this means to you and whether th...

Restricted Stock Units (RSU) – What You Should Know

Restricted Stock Units (RSU) - What You Should Know | Zagmout & Company CPAs - Chicago CPA & Tax Preparer If you have any questions regarding this article, or if you need further assistance regarding your unique financial or tax situation, send us an email at [email protected], or call us at (312) 239-3716. To learn more, visit Zagmout & Company CPAs at www.ZagmoutCPAS.com. Disclaimer: The content he...

Equity Compensation Benefits: Life after the IPO | Zagmout & Company CPAs - Chicago CPA & Tax Preparer Equity compensation benefits allow employees to share in the profits and successes of the company in which they work. They encourage retention and give workers a direct interest in increasing company profits and the bottom line. This type of benefit is sometimes used to supplement below-market salar...

https://www.cpapracticeadvisor.com/tax-compliance/news/21214806/irs-to-delay-2021-income-tax-filing-day-to-may-17

IRS to Delay 2021 Income Tax Filing Day to May 17 April 15 is not the tax filing deadline for 2021. Officials with the Internal Revenue Service and the U.S. Department of the Treasury have said the 2021 income tax filing and payment deadline will be pushed back, likely to May 17, 2021.

https://zagmoutcpas.com/5-things-you-should-know-about-incentive-stock-options/

5 Things You Should Know About Incentive Stock Options | Zagmout & Company CPAs - Chicago CPA & Tax Preparer 5 things you should know about incentive stock options. Tips to lower your taxable income and accumulate wealth.