The annual deadlines are fast approaching for delivering participant information statements and filing IRS information returns to report exercises of incentive stock options (ISOs) during 2017 and transfers during 2017 of certain shares of stock obtained by participants under employee stock purchase plans (ESPPs). Compliance with the participant information statement requirement is made by providing Form 3921 (or substitute) to participants who exercised ISOs and Form 3922 (or substitute) to participants who transferred certain shares of stock obtained under an ESPP. Forms 3921 and 3922 (or substitutes) must be provided to relevant participants by 31 January 2018. Forms 3921 and 3922 are also used for IRS information returns, which must be filed with the IRS by 28 February 2018 for paper filings or by 2 April 2018 for electronic filings.
Tax reporting is an essential part of compliance and the US is a very high risk and, for most of our clients, important jurisdiction. Please let us know if we can help you with these filings.
If you have any questions about this or anything else, please do get in touch.
Bob and Sharon