The myStockOptions Tax Center has all the answers on tax returns that involve stock options, restricted stock, restricted stock units, and employee stock purchase plans.
IRS tax forms and reporting rules have changed yet again for the 2022 tax-return season, adding confusion to an already complicated process for the millions of employees in the United States who have equity compensation and shares of their companies’ stock. With these and the many other tax changes of recent years, the 2022 tax-filing season presents more risk than ever for expensive errors on tax returns. Taxpayer mistakes can lead to overpaid tax, underreported income, IRS penalties, or even an IRS audit.
“Tax reporting for stock compensation is complex,” emphasizes Bruce Brumberg, Editor-in-Chief of myStockOptions.com. “The changes for 2022, including where to put income left off Form W-2, expand what you must understand before you prepare your tax return. Even accountants and tax advisors sometimes make mistakes. Our goal is to help employees and their advisors realize the full potential of stock options, restricted stock, RSUs, and ESPPs by educating them about tax rules and helping them prevent costly errors. The last thing taxpayers want is to pay too much tax or incur IRS penalties that take yet more money out of their pockets.”
myStockOptions Tax Center Provides Valuable Tax-Return Resources
The myStockOptions Tax Center provides expert and understandable guidance on the filing and reporting of tax returns that involve stock options, restricted stock, restricted stock units, performance shares, stock appreciation rights, and employee stock purchase plans.
- Core articles and FAQs spell out the most common mistakes people make with stock grants on their tax returns. Taxpayers, their financial advisors, and their accountants can quickly run through these to be sure they submit error-free returns.
- The reporting of stock sales is made clear by special FAQs with annotated how-to diagrams of IRS Form 8949 and Schedule D.
- Diagrams of Form W-2, Form 3922 (for ESPPs), and Form 3921 (for incentive stock options) show how companies report equity compensation income to employees.
- Engaging podcasts convey tips for tax returns.
- A fun interactive quiz on tax-return topics lets users test their knowledge in a painless way, before they file their returns.
Special Webinar: Preventing Tax-Return Errors With Stock Comp And Stock Sales
On March 3, myStockOptions.com will hold a special webinar featuring insights from a panel of tax experts on issues with tax returns involving equity comp and sales of company shares, including how to avoid mistakes.
Preventing Tax-Return Errors With Stock Comp And Stock Sales
March 3 (2pm–3:40pm ET, 11am–12:40pm PT)
2 CE credits for CFP, CEP, CPWA/CIMA, and EA
- Stephanie Bucko, CPA, CFA®, Mana Financial Life Design
- Dan Hodgin, CPA, Silicon Valley Tax Group
- Daniel Zajac, CFP®, EA, Zajac Group
- moderator: Bruce Brumberg, JD, editor-in-chief of myStockOptions
A detailed agenda is available at the webinar registration page.
Disclaimer: The news site hosting this press release is not associated with myStockOptions.com. It is merely publishing a press release announcement submitted by a company, without any stated or implied endorsement of the information, product or service. Please refer to a tax attorney or CPA for tax advice.
With award-winning content and tools, myStockOptions.com is an independent and unbiased source of expertise on stock options, restricted stock, restricted stock units, performance shares, stock appreciation rights, and employee stock purchase plans. We specialize in making complex stock compensation topics clearly understandable and relatable, in plain English and with an engaging style. Our audience includes:
– stock plan participants
– financial planners, wealth advisors, and CPAs
– professionals in stock plan administration, human resources, compensation, and finance
– attorneys, corporate counsel, and other members of legal staff
In addition to individual memberships, we also offer corporate services.
NAME Bruce Brumberg