IRS Forms 3921 and 3922 Printing, E-filing, Software & Services

The Requirements: Employers are currently required to furnish information statements to employees who receive stock upon the exercise options. The Internal Revenue Service now requires that employers file an information return with the Internal Revenue Service, in addition to providing employees with the information statement.

New Forms:
Form 3921 {Exercise of an Incentive Stock Option Under Section 422(b)} - DRAFT 5/24/2010

Form 3922 {Transfer of Stock Acquired Through an Employee Stock Purchase Plan Under Section 423(c)} - DRAFT 5/24/2010

Due Dates: These new information return requirements are set to begin tax year 2010, reporting year 2011. Filers will need to furnish or mail IRS approved employee statements by January 1, 2011 and file the returns with the IRS on paper by February 28, 2011 or electronically by March 31, 2011. Filers are required to file electronically if the issue more than 250 forms, those with less are encouraged to do so as well.

The Solution: 1099 Pro, Inc. offers a range of 3921 and 3922 printing and filing solutions using our software packages.

Software features include:

Import Data / Form Entry - Form data can be directly imported from Excel or text files as well as quickly keyed in manually.
Employee Statements - Print employee form statements to blank paper in the IRS approved format.
Paper / Electronic Filing - The software allows both IRS approved paper or electronic filing.
Corrections / Status Tracking - Quickly and easily make corrections to both filed or yet-to-be filed forms.
Reporting / Audit Trails - Create extensive reports along with detail audit trails of all changes.
Multi-User Capable - Allow multiple users to access the software in order to distribute responsibilities.

Test the features out before making your decision. Click here to download a demonstration copy of the 1099 Pro Professional software.

About 1099 Pro:
1099 Pro, Inc. is a market-leading provider of information-reporting solutions & services for 1098, 1099, 3921, 3922, 5498, W-2, W-2G, and 1042-S filers. 1099 Pro develops and markets a comprehensive range of products that enables any size business or institution to effectively manage and comply with all information return filing requirements. 1099 Pro is one of the United States' largest filers of information returns, approximately one in every ten information returns filed is either directly filed by us or our software. Our clients range from large filers, with over a hundred million forms, to sole proprietors with fewer than ten. More than half of the Fortune100 companies use 1099 Pro to meet their filing requirements. Visit our main website at www.1099Pro.com for more information.

To get the latest information by email, exclusively on our Form 3921 and 3922 programs please complete the following form:

For more information contact:
   Jean-Philippe Choudhry
   Phone: 818-737-2330
   Email: jp@1099pro.com

Links:

1099 Pro, Inc. is s SAS-70 Type II Service Bureau
1099 Pro, Inc. is a Microsoft Certified Partner
1099 Pro, Inc. is MBE Certified