Video that helps employees understand tax return reporting for stock sales
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This video http://www.mystockoptions.com/flash/newtaxforms.cfm can help employees challenged with the complexities of understanding company stock sale reporting. Looks at the confusion over the cost basis to use for selling shares from stock compensation when it is too low or blank on the Form 1099-B, with handy tips on how to handle these situations. It nicely captures the main issues employees need to know and how they can avoid mistakes that cost them in overpaying taxes.
Explains key rules, cost basis landmines, and has animated version of how to complete Form 8949 for reporting stock sales.
What it covers is also discussed in blog at:
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