myStockOptions.com provides January 2011 Tax Alert

myStockOptions January 2011 Tax Alert

Tax Alert: Updates For The Tax Return Season Ahead

Below we summarize key recent additions or updates at
myStockOptions.com, including points from our award-winning content on
IRS reporting, tax returns, and other burning issues of this cold
winter. (Don't want to wait for these quarterly updates? Keep up in real
time at The myStockOptions.com Blog.) A full list of content added and updated during the fourth quarter is available at myStockOptions.com.

Tax Season: myStockOptions.com Tax Center Already In High Gear

Understandably, tax season is one of the busiest times at myStockOptions.com. Our award-winning Tax Center
is ready for the crush of employees, advisors, and stock plan
professionals in need of hard-to-find information on stock compensation
and tax returns. All of our special content on tax reporting and tax
returns has been fully updated for the new filing season. This content
includes: please follow link above

New IRS Forms On ESPPs And ISOs Make Accurate Tax Reporting More Important Than Ever

This month, in a long-anticipated new requirement, companies must
now file and distribute two new IRS information returns: Form 3922 for
ESPPs and Form 3921 for ISOs. In addition to filing the forms with the
IRS, your company must give employees copies of the forms (or substitute
forms with the same information) no later than January 31.

These forms please follow link above

 10 Tax Relief Act On Stock Compensation

Enacted in December, the Tax Relief Act of 2010 has a number of
provisions that will affect financial planning for stock compensation in
2011 and 2012. Our FAQ on the new law helpfully drills down a please follow link above

New Cost-Basis Rules That Matter Now For Tax Returns

The copies of Form 1099-B you receive next year from brokers for
the sale of company stock (or any securities) in 2011 will look
different than what you are receiving now. The IRS issued final regulations last fall, and the treatment for stock compensation, particularly restricted stock, was somewhat surprising (see the related FAQ
on myStockOptions.com). For stock sales, tax-basis information please follow link above

Free Attendance At Virtual Conference On Stock Compensation

Members of our site can obtain free registration for the virtual conference ShareComp 2011,
whose sponsors include myStockOptions.com. Being held on February 23,
2011, this entirely online conference dedicated to stock comp will have
workshops, expert speakers, handouts, and a virtual exhibit hall. It's
just like a real conference except you don't have to travel or stay in a
hotel. Use the promo code VCP to register free (regular price $595).