IRC Section 6039 Compliance Services
The Internal Revenue Service (IRS) has adopted regulations under Section 6039 of the Internal Revenue Code that, beginning with transactions in 2010, companies will be required to provide participants with Form 3921 for all Incentive Stock Option (ISO) exercises and Form 3922 upon first transfer of legal title of shares acquired pursuant to an Employee Stock Purchase Plan (ESPP). In addition, companies also will be required to file these same forms with the IRS. For companies filing more than 250 forms of either Form 3921 or Form 3922, the IRS requires that they file those forms electronically in the special file format specified in IRS Publication 1220.
Internal Revenue Code Section 6039 reporting deadlines coincide with yearly or quarterly audits/reviews for most companies. Before January creeps up on you, plan ahead.
Our IRC 6039 Solution:
Stock Plan Solutions/Greenzapato has developed an efficient and cost-effective solution to help your company complete its 6039 filings & mailings accurately and on time, and without incurring penalties.
- Certified professionals (CPAs and CEPs) managing the filings and providing support
- Highly secure (SSL technology) client interactive portal
- Participant explanatory Q&A documents
- Guidance on data to be extracted from stock plan administration systems
- Compilation and formatting of data into a proprietary template
- Review of all data for missing fields
- Preparation of Forms 3921 & 3922
- Mailing of Forms to employees via USPS by January 31st
- Assistance with correction of forms
- Electronic transmission of Forms 3921 & 3922 with the IRS by March 31st
- Confirmation of transmission for all Forms
- Archive copy of all Forms stored on a disc for optimal record keeping
