“We came to SOS in need of immediate help with the processing of Form 3922
and the filing with the IRS.
* Form 3922
, Transfer of Stock Acquired Through an Employee Stock Purchase Plan Under Section 423(c) (this form was in development at the time of this writing); and
The IRS issued final rules for reporting requirements particularly with respect to Form 3922, which companies may find confusing and difficult to follow.
The best way to prevent costly errors and IRS penalties is to ensure that your Form 3922 policies conform to the best practices.
At the time it issued the final regulations, the IRS indicated that it was in the process of developing two new forms that taxpayers will use to fulfill the reporting requirements: Form 3921, Exercise of an Incentive Stock Option Under Section 422(b), and Form 3922, Transfer of Stock Acquired Through an Employee Stock Purchase Plan Under Section 423(c).
For ESPPs, the final regulations indicate that Form 3922 will require the following information:
is used to report transfer of stock acquired through an employee stock purchase plan under section 423(c).