Break from the Grind February 23, 2017

A Little Friday File Fun

Reported by

In Grafenrheinfeld, Bavaria, a 78-year-old man riding in a horse-drawn carriage scraped a car parked on the side of the road. He continued on without acknowledging his accident, but an eyewitness reported it, according to the Associated Press. Police say a trail of hoof prints and manu.re led them to the suspect’s stable where the man confessed to the accident.

In New Wilmington, Pennsylvania, a college student received two packages from his mother—one was a care package of goodies and one was filled with trash. According to the local ABC News station, When he called to ask why she sent it to him, his mother told him, “that’s the trash you were supposed to take out” during a recent visit home.

Get more!  Sign up for PLANSPONSOR newsletters.

In Albuquerque, New Mexico, officers received reports of a black Volkswagen driving recklessly. They discovered a woman passed out in her car parked partly in the roadway and partly in a driveway. She woke up when the officers spoke to her and got out of the car. According to the Huffington Post, when the officer gave her instructions for performing a field sobriety test, she started doing cartwheels, falling at times in between. The office got frustrated, and when she hit one of the officers during a cartwheel, she was stopped and arrested.

In Columbus, Ohio, relatives of a 91-year-old woman who died wrote her obituary in her perspective. The obituary says, “I was born. I lived. I died,” and instructs people to “wait the appropriate amount of time” before trying to claim her stuff. The woman’s daughter told The Columbus Dispatch the obituary celebrates a blunt woman who lived unapologetically. It also promises an “after-party” following the funeral but warns: “If you are sick, don’t bother to come. I might be dead, but I still don’t want your germs.”

Fifteen things you’ve been doing wrong.

If you can't view the below video, try https://youtu.be/jcesNLniBZw

Cute little girl misunderstands what a recipe needs.

If you can't view the below video, try https://youtu.be/QLfBrL2dg-w

Products February 23, 2017

Stock Option Tax Reporting Support From myStockOptions.com

“Anyone who received income from equity compensation or sold shares in 2016 must understand the related reporting on IRS tax forms to avoid costly errors on tax returns.”

Reported by

The Tax Center provided by myStockOptions.com is offering expanded articles and FAQ discussions that spell out the most common mistakes people make with stock grants on their annual tax return.

“Anyone who received income from equity compensation or sold shares in 2016 must understand the related reporting on IRS tax forms to avoid costly errors on tax returns,” the firm warns. “In the articles and FAQs of its Tax Center, myStockOptions.com provides trustworthy, easily understandable guidance that can help taxpayers and their tax-return preparers file accurate and error-free IRS tax returns.”

Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.

Examples and annotated forms in plain English show taxpayers and their advisers “exactly how to report stock compensation and stock sales on tax returns.”

The core articles and FAQs help tax filers, financial advisers and accountants “quickly run through” tax forms to be sure they submit error-free returns. A special FAQ released this tax season sets forth the top 10 questions that taxpayers should ask about the reporting of stock sales on their tax returns.

Other features delivered via myStockOptions.com include the following:

  • The reporting of stock sales is made clear with annotated how-to diagrams of IRS tax-return forms.
  • Diagrams of Form W-2, Form 3922 (for employee stock purchase plans), and Form 3921 (for incentive stock options) show how companies report equity compensation income to employees.
  • Animated videos include a succinct tutorial on key IRS tax forms related to stock-sale reporting and a video guide to avoiding costly mistakes that can lead to the overpayment of taxes.
  • Educational podcasts that convey tips for tax returns.
  • An interactive quiz on tax-return topics lets users “test their reporting knowledge in a painless way,” before they file their returns, and links to related content from the answer key.

There is also significant guidance available for “understanding the potentially confusing cost-basis reporting on IRS Form 1099-B.”

“In general, cost-basis reporting is now more complex and vulnerable to errors,” the firm warns. “A diverse set of content at myStockOptions.com relates the background issues, explains how to understand Form 1099-B after selling shares from stock compensation or an ESPP, and shows how to avoid mistakes with the cost basis that can lead to the overpayment of taxes.”

There are numerous other forms addressed in the Tax Center, including IRS Forms 3922 And 3921.

For more information, visit www.myStockOptions.com. 

«