myStockOptions.com Expands Crucial Tax Return Guidance to Help with New IRS Forms & Reporting for Stock Sales
myStockOptions.com Expands Crucial Tax Return Guidance to Help with New IRS Forms & Reporting for Stock Sales
Brookline, MA (PRWEB) February 21, 2012
For people with stock compensation (and their financial advisors), every tax season raises worries about making errors on tax returns that can lead to overpayment of tax, IRS penalties, or even an IRS audit. This tax season has more potential than ever for confusion, uncertainty, and expensive mistakes. For holders of stock compensation who sold shares in 2011, major changes in IRS forms and tax reporting are in effect. These include the expansion of Form 1099-B, which raises much potential confusion, particularly about the cost basis for reporting stock sales. The new Form 8949, which must now be filed alongside the revised Schedule D, will also prompt many questions.
The clear, concise, and easy-to-read content of myStockOptions.com can help. The Tax Center at myStockOptions.com shows taxpayers exactly how to report stock compensation and stock sales on tax returns. It’s a respected independent source they can trust for tax guidance.
Tax Center: All The Tax Return Answers
The Tax Center at myStockOptions.com has all the answers 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. Annotated diagrams of IRS forms show exactly how to report sales of company stock. Fun, engaging podcasts and a video convey tips for tax returns, including errors to avoid.
“The tax reporting for stock compensation is complex,” emphasizes Bruce Brumberg, Editor-in-Chief of myStockOptions.com. “Even accountants and tax advisors sometimes make mistakes. Our goal is to help employees and their financial or tax advisors realize the full potential of equity grants by educating them about tax rules and helping them prevent costly errors. The last thing taxpayers want, especially now, is to pay too much tax or incur IRS penalties that take yet more money out of their pockets.”
Expanded Form 1099-B
At the start of tax season, brokers send IRS Form 1099-B, or the broker’s equivalent statement, to clients who sold shares during the tax year. The stock-sale information reported on Form 1099-B has been expanded and now includes not only the gross proceeds from stock sales but also their cost basis (sometimes called the “tax basis”), the date when the shares were acquired, and whether gains or losses were short-term or long-term.
For people who sold shares acquired through equity compensation, these stock sales carry an extra twist in their cost basis. In fact, cost-basis reporting is now more complex and vulnerable to errors. For people unaware of the reporting rules, the resulting confusion may lead to the overpayment of taxes. A thorough new article, FAQ, podcast, and video at myStockOptions.com explain the background, how to understand Form 1099-B after selling shares from stock compensation or an ESPP, and how to avoid mistakes with the cost basis that can lead to the overpayment of taxes.
Article: The Revised Form 1099-B & New Form 8949 For Reporting Stock Sales On Your Tax Return: How To Avoid Paying Too Much Tax
FAQ: How is IRS Form 1099-B changing for sales of stock acquired from my stock options, restricted stock, or ESPP?
Podcast: What’s New For Reporting Stock Sales On Your Tax Return
Video: New Tax Return Forms & Reporting Rules For Stock Sales
New IRS Form 8949 & Revised Schedule D
The revision of Form 1099-B is not the only IRS curveball this tax season. The changes in the 1099-B information also required a complete revamp of the tax-return forms used to report stock sales. In past years, stock sales were reported on Schedule D of IRS Form 1040. Starting this tax season, taxpayers must complete the new IRS Form 8949 along with Schedule D, which has significantly changed upon the introduction of Form 8949. Both are submitted with the Form 1040 tax return.
The new Form 8949 is where taxpayers list the details of each stock sale, using the information on Form 1099-B, while Schedule D now simply aggregates the column totals from this form to report total long-term and short-term capital gains and losses. “However,” points out Mr. Brumberg, “the cost-basis information in Box 3 of Form 1099-B may be too low, or the box may be blank. This is because the new rules for cost-basis reporting are mandatory only for stock acquired in 2011 and later, and brokers will not be required to include the compensation part of the basis until 2013. Additionally, no basis is reported for restricted stock and RSUs.”
Sound confusing? It is. Fortunately, myStockOptions.com is always here to help. In the Tax Center, the special section Reporting Company Stock Sales presents FAQs with annotated diagrams of Form 8949 and Schedule D. Each FAQ explains and illustrates a different reporting situation involving stock options, restricted stock, restricted stock units, performance shares, employee stock purchase plans, or stock appreciation rights. Clear instructions and diagrams show how to complete the forms, whether the cost-basis information in Box 3 of Form 1099-B is accurate, too low, or omitted.
Demystifying IRS Forms 3922 And 3921
A different set of content explains IRS Form 3922 for employee stock purchase plans and IRS Form 3921 for incentive stock options. With annotated examples of the forms that translate IRS jargon into understandable language, these articles and FAQs clarify what taxpayers need to understand about the information provided by the forms, which can help them better understand the complexities of ESPP or ISO taxation. While the forms are not needed for tax-return reporting, they give the IRS new tools for catching expensive errors on the tax returns of people who sold ESPP or ISO stock.
Pro Membership Gives Advisors A Crucial Edge During Tax Season
myStockOptions.com Pro is a special membership for financial advisors, CPAs, and other professionals who have clients with stock compensation. MSO Pro gives advisors full access to the whole website and special features in the tools, where they can track and model stock grants for up to 25 separate clients. Access to the vast library of content at myStockOptions.com puts answers to tough client questions right at the fingertips of advisors, who can create PDFs of crucial content with their logo on it for distribution to clients. For more information, visit http://mystockoptions.com, email sales(at)mystockoptions(dot)com, or call 617-734-1979.
Corporate Licensing Available
All the content on myStockOptions.com is ideally suited for licensing by companies and stock plan providers for their stock plan participants. A customized version of the website’s award-winning content can be seamlessly woven into companies’ HR, benefits, and/or compensation portals. Accessible through any internet browser, 24 hours a day, 7 days a week, licensed content from myStockOptions.com lets stock plan participants answer their own questions about their stock grants whenever they need to learn more—saving time for the stock plan staff and costs for the company. For more information, visit http://mystockoptions.com, email sales(at)mystockoptions(dot)com, or call 617-734-1979.
About myStockOptions.com
With exclusive articles, 750+ FAQs, podcasts, the Tax Center, the Learning Center with courses for CE credit, the Global Tax Guide, an extensive glossary, and interactive patented tools, myStockOptions.com is the premier online resource of educational content and tools on stock options, restricted stock, restricted stock units, performance shares, stock appreciation rights, and employee stock purchase plans. myStockOptions.com is written and managed by leading experts in equity compensation, and is produced by a company with a long history of successful publications explaining complex legal and financial subjects in plain English.
The accounting journal CPA Wealth Provider selected myStockOptions.com among companies “that have taken the lead through innovation, efficiency, initiative, or growth in the financial-planning area.” The Specialized Information Publishers’ Foundation honored MSO Pro with one of its Editorial Excellence Awards in the category of Best Interactive Content among niche publishers. The influential consumer magazine PC World ranks myStockOptions.com among “the most useful sites ever” that “deliver top-notch information, support, and services.” myStockOptions.com also has a related site on nonqualified deferred compensation at http://www.myNQDC.com, and the staff created the successful insider trading prevention video series Think Twice, available at http://www.insidertradingvideos.com.
myStockOptions.com has also received extensive favorable coverage in the media, including BusinessWeek, The Wall Street Journal, The New York Times, the San Francisco Chronicle, and The Boston Globe, and on CNN/fn, National Public Radio, PBS, Money.com, and CBSMarketWatch.com.
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Securus Wealth Management, LLC appointed First Counselor in Minnesota in 2012 by the National Association of Certified Advisory consulting practices (NABCAP)
Securus Wealth Management, LLC appointed First Counselor in Minnesota in 2012 by the National Association of Certified Advisory consulting practices (NABCAP)
Plymouth, MN (PRWEB) February 3, 2012
Securus Wealth Management has proudly announced its recognition as NABCAP First Counsellor, an exclusive group of financial advisors who represent the best quality asset management in Minnesota.
“On behalf of everyone at Securus, we feel honored to be recognized as an elite investment advisory practice in Minnesota by NABCAP. Because NABCAP is the first non-profit organization for companies that offer the best in class asset management to recognize this recognition reinforces our mission to help our clients succeed in all market conditions and economic , “President and CEO of Securus Wealth Management, Jim Goodland.
The designation is awarded annually by the National Association of Board Certified Advisory Practices (NABCAP), a nationally registered 501 (c) (3) nonprofit organization founded to meet the needs of the investing public by helping identification of investment managers high level. The selection process is based on a proprietary system whose ultimate goal is to provide investors and advisors a familiar standard of excellence to help guide them in financial services.
The evaluation covers 20 categories of management practices that areas such as customer service, the risk / philosophy of investment planning, referrals, team dynamics and cost structure / pricing , among others.
, includingNABCAP aides to Prime Minister announced in February 24, 2012 edition of the Journal Minneapolis / St. Paul Business.
Securus Wealth Management, LLC is an investment adviser registered federally (RIA) and asset manager. Securus offers a full range of services in all areas of finance, investments, insurance, estate planning, charitable / Foundations, tax planning, retirement planning, exit strategies, planning business owner , stock options, risk management and much more.
Securus
goal is to provide the best possible experience of asset management to offer a select group of individuals, small businesses and institutions. Securus has evolved into one of the largest asset managers in the field by offering a beautiful culture and unique philosophy that emphasizes long-term relationships. Securus also strives to educate clients on issues that are unique to their situation and the emotional aspects of money and how to reduce or eliminate emotional decisions. The Securus team of specialists collaborate with customers to help create, develop, and implement effective solutions in asset management and ongoing to maintain results.
Placement services offered through Securus Wealth Management Advisory
LLC, a registered investment advisor. Securities offered through Cambridge Investment Research, Inc., a broker / dealer, FINRA and SIPC. Securus and Cambridge are separate companies.
About NABCAP
The National Association of Board Certified Advisory Practices (NABCAP) is a nonprofit organization established mutually understood standards and practices established by investors and consulting practices. Their main mission is to educate and inform the public to invest with reliable, unbiased and unaffiliated completely objective educational resources and information. First NABCAP lists counselors are a powerful reference for investors to identify the best asset managers in their local market. Visit http://www.nabcap.org for more information.
# # #
clear = “all”
Accessories
clear = “all”
© Copyright 1997 -
, Vocus PRW Holdings, LLC.
Vocus, PRWeb and son advertising are trademarks or registered trademarks of Vocus, Inc. Vocus PRW Holdings, LLC.
Securus Wealth Management, LLC appointed First Counselor in Minnesota in 2012 by the National Association of Certified Advisory consulting practices (NABCAP)
Securus Wealth Management, LLC appointed First Counselor in Minnesota in 2012 by the National Association of Certified Advisory consulting practices (NABCAP)
Plymouth, MN (PRWEB) February 3, 2012
Securus Wealth Management has proudly announced its recognition as NABCAP First Counsellor, an exclusive group of financial advisors who represent the best quality asset management in Minnesota.
“On behalf of everyone at Securus, we feel honored to be recognized as an elite investment advisory practice in Minnesota by NABCAP. Because NABCAP is the first non-profit organization for companies that offer the best in class asset management to recognize this recognition reinforces our mission to help our clients succeed in all market conditions and economic , “President and CEO of Securus Wealth Management, Jim Goodland.
The designation is awarded annually by the National Association of Board Certified Advisory Practices (NABCAP), a nationally registered 501 (c) (3) nonprofit organization founded to meet the needs of the investing public by helping identification of investment managers high level. The selection process is based on a proprietary system whose ultimate goal is to provide investors and advisors a familiar standard of excellence to help guide them in financial services.
The evaluation covers 20 categories of management practices that areas such as customer service, the risk / philosophy of investment planning, referrals, team dynamics and cost structure / pricing , among others.
, includingNABCAP aides to Prime Minister announced in February 24, 2012 edition of the Journal Minneapolis / St. Paul Business.
Securus Wealth Management, LLC is an investment adviser registered federally (RIA) and asset manager. Securus offers a full range of services in all areas of finance, investments, insurance, estate planning, charitable / Foundations, tax planning, retirement planning, exit strategies, planning business owner , stock options, risk management and much more.
Securus
goal is to provide the best possible experience of asset management to offer a select group of individuals, small businesses and institutions. Securus has evolved into one of the largest asset managers in the field by offering a beautiful culture and unique philosophy that emphasizes long-term relationships. Securus also strives to educate clients on issues that are unique to their situation and the emotional aspects of money and how to reduce or eliminate emotional decisions. The Securus team of specialists collaborate with customers to help create, develop, and implement effective solutions in asset management and ongoing to maintain results.
Placement services offered through Securus Wealth Management Advisory
LLC, a registered investment advisor. Securities offered through Cambridge Investment Research, Inc., a broker / dealer, FINRA and SIPC. Securus and Cambridge are separate companies.
About NABCAP
The National Association of Board Certified Advisory Practices (NABCAP) is a nonprofit organization established mutually understood standards and practices established by investors and consulting practices. Their main mission is to educate and inform the public to invest with reliable, unbiased and unaffiliated completely objective educational resources and information. First NABCAP lists counselors are a powerful reference for investors to identify the best asset managers in their local market. Visit http://www.nabcap.org for more information.
# # #
clear = “all”
Accessories
clear = “all”
© Copyright 1997 -
, Vocus PRW Holdings, LLC.
Vocus, PRWeb and son advertising are trademarks or registered trademarks of Vocus, Inc. Vocus PRW Holdings, LLC.
Online Trading Academy’s Ron De Appolonia to Host an “Understanding the Markets” Workshop in Calgary, Canada
Online Trading Academy’s Ron De Appolonia to Host an “Understanding the Markets” Workshop in Calgary, Canada
Calgary, Canada (PRWEB) January 09, 2012
Online Training Academy Canada, will host a live event to teach Canadians how to understand the financial markets. Ron De Appolonia will be providing two days of free professional trading education on Tuesday, January 17, 2012 and Wednesday, January 18, 2012 from 8:30 am to 4:30 pm. These workshops will take place at the Calgary Telus Convention Centre convention hall at 120 Ninth Avenue SE, Calgary, Alberta, Canada T2G 0P3.
De Appolonia, General Manager of Online Trading Academy Canada, will address the following topics at the workshop:
What does the public do to lose money?
How do the markets work?
What do large institutions do to generate wealth?
What are three things an individual must have to generate return?
How to make “buy and hold” work.
Online Trading Academy is centered on trading education and De Appolonia and has hosted numerous trading workshops for hundreds of active traders each year. His classes have covered a diverse range of topics including assets, stocks, options, currencies and futures. This vast experience in various markets provides a unique insight into the challenges traders face, and the tools available to them especially through his clear understanding of trading methodologies. De Appolonia’s strength is breaking down trading to its essential elements and getting those elements across to his audience in an entertaining approach. This is what gained him features in the Toronto Star, Globe and Mail, Financial Post, CBS National as well as several online articles.
For more information about or to register for this event, please call 1-866-691-8398.
About Online Trading Academy
Online Trading Academy helps their students by revealing the truth about what it takes to become a successful trader or investor. Their core strategy enables traders to identify market turning points, before they happen, with a high degree of accuracy. Students learn under the guidance of experienced professional traders in a hands-on, learn-by-doing classroom setting. In the Professional Trader course, students learn trading skills and then practice trading live, in the classroom, without paying commissions or risking their own capital by using Online Trading Academy’s money. With over 25,000 graduates, Online Trading Academy offers professional instruction from experienced Wall Street professionals, as well as a wide array of beneficial home study materials to supplement classroom study. Online Trading Academy locations include Phoenix, Irvine, Los Angeles, Concord, San Jose, Denver, Orlando, Tampa, Fort Lauderdale, Atlanta, Chicago, Kansas City, Boston, Baltimore, Detroit, Minneapolis, New York City, Secaucus, Charlotte, Philadelphia, Austin, Dallas, Houston, San Antonio, Seattle, Washington DC, Milwaukee, Dubai, London, Singapore, Mumbai, Vancouver and Toronto. For more information, visit http://www.tradingacademy.com.
###
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Online Trading Academy’s Ron De Appolonia to Host an “Understanding the Markets” Workshop in Calgary, Canada
Online Trading Academy’s Ron De Appolonia to Host an “Understanding the Markets” Workshop in Calgary, Canada
Calgary, Canada (PRWEB) January 09, 2012
Online Training Academy Canada, will host a live event to teach Canadians how to understand the financial markets. Ron De Appolonia will be providing two days of free professional trading education on Tuesday, January 17, 2012 and Wednesday, January 18, 2012 from 8:30 am to 4:30 pm. These workshops will take place at the Calgary Telus Convention Centre convention hall at 120 Ninth Avenue SE, Calgary, Alberta, Canada T2G 0P3.
De Appolonia, General Manager of Online Trading Academy Canada, will address the following topics at the workshop:
What does the public do to lose money?
How do the markets work?
What do large institutions do to generate wealth?
What are three things an individual must have to generate return?
How to make “buy and hold” work.
Online Trading Academy is centered on trading education and De Appolonia and has hosted numerous trading workshops for hundreds of active traders each year. His classes have covered a diverse range of topics including assets, stocks, options, currencies and futures. This vast experience in various markets provides a unique insight into the challenges traders face, and the tools available to them especially through his clear understanding of trading methodologies. De Appolonia’s strength is breaking down trading to its essential elements and getting those elements across to his audience in an entertaining approach. This is what gained him features in the Toronto Star, Globe and Mail, Financial Post, CBS National as well as several online articles.
For more information about or to register for this event, please call 1-866-691-8398.
About Online Trading Academy
Online Trading Academy helps their students by revealing the truth about what it takes to become a successful trader or investor. Their core strategy enables traders to identify market turning points, before they happen, with a high degree of accuracy. Students learn under the guidance of experienced professional traders in a hands-on, learn-by-doing classroom setting. In the Professional Trader course, students learn trading skills and then practice trading live, in the classroom, without paying commissions or risking their own capital by using Online Trading Academy’s money. With over 25,000 graduates, Online Trading Academy offers professional instruction from experienced Wall Street professionals, as well as a wide array of beneficial home study materials to supplement classroom study. Online Trading Academy locations include Phoenix, Irvine, Los Angeles, Concord, San Jose, Denver, Orlando, Tampa, Fort Lauderdale, Atlanta, Chicago, Kansas City, Boston, Baltimore, Detroit, Minneapolis, New York City, Secaucus, Charlotte, Philadelphia, Austin, Dallas, Houston, San Antonio, Seattle, Washington DC, Milwaukee, Dubai, London, Singapore, Mumbai, Vancouver and Toronto. For more information, visit http://www.tradingacademy.com.
###
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.