E-File Magic 1099 Software – Blog

I think it was Albert Einstein that once said, “There are only two things in life you should be sure of; death and taxes.”  Well, that may be the case but something else that I think he could have added was things changing.  I feel like lately change has been the theme of this blog and I’m going to talk about change again today.  On December 22, 2011 the IRS released a new version of the instructions for forms 3921 and 3922.   Our website is now up to date with the new instructions.  So if you haven’t read the new instructions you can check them out.  And if you need to download our 3921 and 3922 Software please feel free to do so!

Lately, I’ve been blogging about what has changed on a particular form for the 2011 tax year.  There hasn’t been much of a change to Form 3921 between this year and last, so instead I thought I would give a definition of the form instead.  And that way, if you didn’t know what Form 3921 was used for prior to reading this blog, you would know after.

When a corporation transfers a share of stock pursuant to that employee’s exercise of an incentive stock option to an employee they must issue Form 3921 for that transfer.

If you need to fill out and send Form 3921 to your employees, please try out E-File Magic Software.