I wrote last week about putting in an order to Berkshire B Shares.  I finally executed that order.  I brought two shares at 3555, it down to 3542.   Not cheap, and I’m not really a big fan of owning odd lots, but given the share price there’s not much I could do to avoid owning an odd lot. 

However, I’m disappointed that I won’t be able to execute this year my whole reason for buying shares of Berkshire- attending the annual meeting on May 7th.  That’s the week I’ve scheduled my vacation.  I have faith that Warren will be around for another year, so my attendance will have to wait till then.

Speaking of shares, I have a question from JF

I recently received shares of a privately held company with which my own employer works closely.  What are the tax implications of this?  Do I pay tax at the valuation given to them at the time, or when I sell them, (if they ever go public or something).  I certainly do not trust my employer or the company to issue me a 1099 or include it on my W-2, so I think I’m on my own, and want to be sure I stay legal, especially with audits on the rise.

In all honesty this question is beyond me.  I’m not particularly familiar with many of the issues here; employer income tax laws and private corporation shares. 

If other readers are more knowledgeable on this matter, please chime in.  That said, this question may better answered by a visit to a good CPA.