ew IRS Form 3921 For Incentive Stock Options: 3921 Software Makes it Easy to File - 1099fire
Incentive Stock Option (ISO) exercises in a given tax year must be reported on Form 3921 early in the following year. 3921 software at the site 1099fire.com makes it easy to file IRS Tax Form 3921 by paper or electronically. Service bureau and mail house solutions are also available.
Madison, WI (PRWEB) September 26, 2011 An Incentive Stock Option
(ISO) is a way for corporations to attract and retain employees by
granting the employee the right to purchase a certain number of shares
of stock at a pre-established price. The 2006 Tax Relief and Health
Care Act (TRHCA) mandated that starting in 2011, a corporation must file
an IRS Tax Form 3921 each time it transfers stock to an employee who
has exercised an incentive stock option, with an exception made for
employees who are non-resident aliens. 3921 software at the site 1099fire.com makes it easy to file IRS Tax Form 3921 by paper or electronically. Service bureau and mail house solutions are also available.
Form 3921 includes such information as the date the option was
granted, the date the employee exercised the option, the number of
shares of stock transferred to the employee, the fair market value (FMV)
of the stock when the option was exercised, and the exercise price of
the stock. There is a space for the mailing address and federal
identification number (FIN) of both the transferor and the employee, and
for the name, address and EIN of the corporation issuing the stock, if
other than the transferor.
Paper Filing, Electronic filing, Service Bureau...
Form 3921 can be filed by paper or electronically to the IRS. “Our 3921 software
makes it easy to import from Excel, print and electronically file IRS
Form 3921 quickly and easily”, said Erich J. Ruth, Technical Support for
1099FIRE, a market-leading provider of 3921 software and services. Sample Excel templates can be found on the website 1099fire.com
which will import into the 1099FIRE software or technical support can
guide you through the process of importing by phone or email.
Electronic reporting of information
returns eliminates the need to submit paper documents to the IRS.
Electronically filed information may be submitted to the IRS 24 hours a
day, 7 days a week. “Electronic filing of Form 3921 is easy to do”,
said Ruth and “The system is updated each year to reflect the format
changes that are made by the IRS“. 1099FIRE software creates original,
replacement, corrected and test files in the format required by the IRS
for electronic transmission.
1099FIRE is the only company to offer One-Touch E-Filing.
Just click a button and the software will automatically log in and
upload your file to the IRS FIRE system. You will receive verification
within seconds of receipt of your file.
Filing information returns can be stressful. 1099FIRE can eliminate
the stress of filing information returns by electronically filing in a
timely manner and at an affordable price. 1099FIRE will beat any
competitor price; attain a quote for any service from any competitor and
1099FIRE will provide same, if not more complete, service at a lower
price.
Visit the 1099FIRE website at http://www.1099fire.com or look for us on Facebook to stay up-to-date with important news, tax deadlines and the latest in compliance information.
Looking Ahead...
Furnish Copy B to the employee by January 31 of the year following
the year of exercise to the IRS. Furnish Copy C to the corporation
whose stock is being transferred by January 31 of the year following the
year of exercise of the ISO.
File Copy A of this form with the IRS by February 28 of the year
following the year of exercise of the ISO. If you file electronically,
the due date is March 31 of the year following the year of exercise of
the ISO.
About 1099FIRE:
1099FIRE is dedicated to providing feature-rich 1042-S, 1097-BTC,
1098, 1099, 3921, 3922, 5498, 8027, 8955-SSA, W-2G and W-2 software.
Import, print and eFile 1099 forms the quick and easy way!
1099FIRE is a market-leading provider of information-reporting
solutions and services for 1099, W-2 and 1042-S filers. 1099FIRE
develops and markets a comprehensive range of products that enables any
size business or institution to effectively comply with all 1099, W-2
and 1042-S filing requirements.
Have 1099FIRE Service Bureau handle all of your printing/mailing and IRS filing needs - it's secure, affordable and stress free!
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Erich J. Ruth
1099FIRE
(480) 460-9311
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