Tax Season 2022: Understand New Reporting Rules (Jan. 27, 2022)
While equity comp can build wealth, it can also complicate your tax return. This is why our fully up-to-date Tax Center at myStockOptions is here to help. It includes our popular FAQs that illustrate how to report sales of shares acquired from equity comp on your tax return, featuring annotated diagrams of IRS forms. See also our FAQs with annotated diagrams showing how equity comp is reported on Form W-2.
This alert highlights recent additions and updates in the award-winning content of myStockOptions to help you maximize the value of equity comp and reduce tax mistakes. You can also review a full list of our new and recently updated content.
Tax Season 2022: What You Need To Know About New Reporting Rules
Tax-return reporting has changed yet again for the 2022 tax season. For employees with 2021 income from equity compensation or sales of company shares, an article and FAQ in the Tax Center at myStockOptions explain the changes and what you need to know to prevent costly mistakes. Another useful article focuses on getting your cost basis right to avoid overpaying your taxes.
How To Report Sales Of Company Shares On Your Tax Return
If you sold in 2021 any shares that you acquired from equity compensation or an ESPP, you need to report the sale on your tax return. Even if you sold the shares immediately at vesting, exercise, or purchase for no additional gain, you still have a reportable sale. In a special section of the Tax Center at myStockOptions, learn what you must know to avoid expensive mistakes and unwanted IRS attention. Our famous, popular annotated diagrams of Form 8949 and Schedule D can help you make sense of the reporting rules.
The Top 3 Tax Numbers You Need To Know In 2022
While tax-return season looms, meaning you will soon have to focus on reporting your 2021 income, you should also remember your basic tax planning for 2022. At the start of each year, many key numbers in tax-law provisions are adjusted for inflation. It can be hard to spot those that matter to you. In a new article in his regular spot at the Forbes website, myStockOptions editor-in-chief Bruce Brumberg explains the top three sets of tax figures that all employees should know.
Unlocking Wealth From Your Stock Options
The wealth you can create from stock options is not self-generating. In an new article at myStockOptions, distinguished wealth advisor Tim Kochis explores strategic ways to think about your planning and decision-making: Unlocking Wealth From Your Stock Options. This exclusive article builds on his other series at myStockOptions: When To Wait, Hold, Or Sell: A Wealth Manager Reveals His Wisdom On Stock Option Exercise Strategy.
10b5-1 Plans: New SEC Requirements Imminent
To sell stock as part of their financial planning, many corporate officers and directors who frequently know material nonpublic information about their companies use Rule 10b5-1 trading plans as an affirmative defense against insider-trading liability. On December 15, 2021, the SEC proposed additional new requirements for 10b5-1 plans to combat suspected abuses. The proposals are explained in the myStockOptions FAQ on this topic, which includes the background of the SEC's renewed focus on 10b5-1 plans.
Got A Minute? myStockOptions Launches Engaging Series Of One-Minute Equity Comp Videos
Inspired by the demand for video educational content on stock comp, and the populariy of short-form videos such as those on TikTok, myStockOptions has launched a series of one-minute videos on equity comp at its YouTube channel. The videos are also embedded into related articles and FAQs at myStockOptions. In each video, editor-in-chief Bruce Brumberg runs through 5 things you need to know about the video topic in about 60 seconds.
myStockOptions Learning Center And Webinar Channel Offer CE Credits
In this post-conference era, keep up your continuing professional education and earn needed CE credits at myStockOptions. In our Learning Center, myStockOptions has seven courses and exams offering CE credits for several professional designations:
- 35 CE credits for Certified Equity Professionals (CEPs): over 100% of the total requirement
- 21 CE credits for Certified Financial Planners (CFPs): 70% of the total requirement
- 21 CE credits for Certified Private Wealth Advisors (CPWAs) and Certified Investment Management Analysts (CIMAs): over 50% of the total requirement)
- Chartered Financial Analysts (CFAs) and Certified Public Accountants (CPAs) are encouraged to take our courses and exams and include them, if possible, when they self-document their continuing professional education
Each course of study features podcasts, articles, and FAQs from myStockOptions. The answer key for each exam also links to relevant content on the site for further reading and learning. More CE credits are available at the myStockOptions Webinar Channel, which features on-demand webinars in streaming format. Each webinar (100 minutes) offers 2.0 CE credits for CFP, CPWA/CIMA, and CEP.