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Recent tax questions
Morgan Stanley told us that a sale that happened 12-31-2014
Morgan Stanley told us that a sale that happened 12-31-2014 would be put on 2015 taxes for IRS purposes since it was actually paid to us 1-15-2015. We kept all the forms with the checks from Jan 2015. Now trying to put it in to the 1040, we found that we didn't have the 1099 forms from them yet. So, we contacted them. They have now told us that the largest part was actually 2014, and a very small part of it was 2015. We can't get them to help us, we can't get forms, and now .. will possibly have to file an amendment and have to pay a LARGE tax bill that we thought would be now. Instead, it will be very late and with a penalty. We don't know what to do. Can you help us?
Sr Financial & Tax Consultant
Who is the IBM ESPP administrator? We are trying to change
Who is the IBM ESPP administrator? We are trying to change the ownership of our shares.JA: We find the Accountant who is best qualified to answer your question and available soon. The Accountant will know how to help. Please tell me more so we can help you best.Customer: We (our attorney and myself, the half owner of the stock) are in the process of applying for Medicaid. Husband is in nursing home so we are trying to alter the ownership from joint to sole.JA: Is there anything else important you think the Accountant should know?Customer: It is a relatively minor amount of stock, less than 100 shares.JA: I'm sending you to a secure page on JustAnswer so you can place the $5 fully refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and connect you two.
JD, MBA, CFP, CRPS
My wife received a Form 3922 from her employer. It is
My wife received a Form 3922 from her employer. It is showing that she bought 50 shares on 1/31/2015 and that the option was granted 08/01/2014. Does this need to be reported on our taxes? We didn't sell any of the stock and are still holding it.
Bachelor's Degree Equivalent
Ok, my wife has been part of a stock purchase plan since 2008.
ok, my wife has been part of a stock purchase plan since 2008. She used $50.00 per payday and company contribution was $7.50. Due I claim $57.50 per purchase (50 got 0.643 of a share and the 7.59 got 0.096 of a share for 0.739 share per payday. Plus how do I claim the Dividend reinvestment each quarter? Thank You.
Bachelor's Degree Equivalent
Tax expert Received a Form 3922 Transfer of Stock acquiredView more tax questions
tax expert Received a Form 3922 Transfer of Stock acquired through and employee stock purchase plan under section 423 (c) Don't know how or what to report Box 1 date option granted 10/01/2014 Box 2 date option exercised 12/31/2014 box 3 fmv on grant date$52.93 box 4 fmv on exercise date $58.01 box 5 exercise price per share $44.99 box 6 no of shares 21.7766 box 7 date transferred 12/31/2014 box 8 exercise price per share determined as if the option was exercised on the date shown in box 1 $44.99 Now whatdo I do?
Vocational, Technical or Trade School