Brookline, MA (PRWEB) December 06, 2011
The end of the year is always a key time for financial and tax decisions, but 2011 has not been like other years. Recurring stock market volatility, combined with the uncertain economic outlook, leaves no room for error with year-end planning for stock options, restricted stock, employee stock purchase plans, and other types of stock compensation.
myStockOptions.com has expanded its section Financial Planning: Year-End at http://www.mystockoptions.com to provide a helpful variety of up-to-the-minute guidance on issues, decisions, and innovative strategies at year-end 2011. "Our goal is to provide content that explores practical answers to questions on year-end tax and financial planning, along with life and job events that affect stock compensation," says Editor-in-Chief Bruce Brumberg.
Articles feature in-depth discussions by experts:
- Ten Ideas For Year-End Tax Planning With Stock Compensation by the myStockOptions.com Editorial Team & Contributors
- Year-End Strategies For Restricted Stock: Ideas To Consider by Bruce Brumberg
- Year-End Strategies For Employee Stock Purchase Plans: Ideas To Consider by Matt Simon
- Stockbrokers' Secrets (Part 3): Year-End Planning For NQSOs, Restricted Stock, And RSUs by W.E.B. Bantling and Michael Beriss
- How Tax Rate Changes Impact Stock Grant Strategies (Parts 1, 2, and 3) by Stanley Trotta and Bob Gordon
- Stockbrokers' Secrets (Part 7): Year-End Planning For ISOs by W.E.B. Bantling and Michael Beriss
Along with these articles, FAQs in the year-end section answer many questions, including:
- What are year-end strategies for stock options, stock appreciation rights, and restricted stock?
- How do employees harvest capital losses against capital gains from company stock holdings?
- Are there strategies for using capital-loss carry-forwards from prior years?
- What risks are posed by the wash sale rule?
- What year-end strategies can help to minimize alternative minimum tax with incentive stock options?
- How do tax-law changes of recent years, including refundable AMT credits, affect year-end planning?
- How can employees save taxes on company stock by making gifts and donations, including those to private foundations or grantor-retained annuity trusts?
All of these questions, and many others, are answered in the section Financial Planning: Year-End Planning.
Tax Return Season Is Just Around The Corner
It is never too early to start thinking about tax returns. For the tax season ahead in 2012, a number of changes in IRS forms will affect tax return reporting for employees who sold company stock in 2011. When they issue IRS Form 1099-B to report clients' stock sales, brokers must now include not only the gross proceeds from sales but also their cost basis (also called the "tax basis"), the date when the shares were acquired, and whether the gains (or losses) were short-term or long-term. To submit of all of this potentially confusing information to the IRS on tax returns, taxpayers must now complete the new Form 8949 along with the revised Schedule D. The introduction of Form 8949 significantly alters the stock sale reporting that taxpayers have become accustomed to in recent years.
A new article at myStockOptions.com covers everything that employees must know to be prepared for these changes and avoid expensive tax mistakes: The Revised Form 1099-B & New Form 8949 For Reporting Stock Sales On Your Tax Return: How To Avoid Paying Too Much Tax, by Bruce Brumberg. Along with a companion FAQ, this article can be found in the Tax Center at myStockOptions.com.
Corporate Licensing Available
All the content on myStockOptions.com is ideally suited for licensing by companies and stock plan providers for their stock plan participants. A customized version of the website's award-winning content can be seamlessly woven into companies' HR, benefits, and/or compensation portals. Accessible through any internet browser, 24 hours a day, 7 days a week, licensed content from myStockOptions.com lets stock plan participants answer their own questions about their stock grants whenever they need to learn more—saving time for the stock plan staff and costs for the company. For more information, visit http://www.mystockoptions.com or call 617-734-1979.
With exclusive articles, 750+ FAQs, podcasts, the Tax Center, the Learning Center with courses for CE credit, the Global Tax Guide, an extensive glossary, and interactive patented tools, myStockOptions.com is the premier online resource of educational content and tools on stock options, restricted stock, restricted stock units, performance shares, stock appreciation rights, and employee stock purchase plans. myStockOptions.com is written and managed by leading experts in equity compensation, and is produced by a company with a long history of successful publications explaining complex legal and financial subjects in plain English.
The accounting journal CPA Wealth Provider selected myStockOptions.com among companies "that have taken the lead through innovation, efficiency, initiative, or growth in the financial-planning area." The Specialized Information Publishers' Foundation honored MSO Pro with one of its Editorial Excellence Awards in the category of Best Interactive Content among niche publishers. The influential consumer magazine PC World ranks myStockOptions.com among "the most useful sites ever" that "deliver top-notch information, support, and services." The company also publishes a related website, on nonqualified deferred compensation, at http://www.myNQDC.com and produced the successful insider trading prevention video series Think Twice, available at http://www.insidertradingvideos.com for purchase or preview.
myStockOptions.com has also received extensive favorable coverage in major publications, including BusinessWeek, The Wall Street Journal, The New York Times, the San Francisco Chronicle, and The Boston Globe, and on CNN/fn, National Public Radio, PBS, Money.com, and CBSMarketWatch.com.
For more information, please contact Bruce Brumberg and Matt Simon at 617-734-1979.