Tax advise on shares

[toni_mrphy]

Hi

I am looking for some advise for a friend of mine .. she is a US citizen working here in Cork on she purchased shares as part of an employee purchase plan 1 year ago the company is a US company with offices in Cork . She now wants to sell the shares and she needs to know does she pay tax to the US goverment or the Irish gov ( And what % is liable for tax) . She is currently paying tax to the Irish gov, but files a yearly tax return with the US

Any info would be appreciated

Thx
T

 

[Palantir_Use]

She's resident here, so needs to pay Capital gains on the shares here (but there's an exemption of up to a grand, so she may not owe anything).

HOWEVER, because she does not have a Tax Waiver filed in the US ... she owes federal taxes on the capital gains.

You probably need proper tax advice

 

[toni_mrphy]

Thx for the reply ... I am correct in saying she needs to pay in both countries?