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Return This Form by Fax 02 9850 0813

Return This Form by Fax 02 9850 0813

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What is a W-9 tax form? What is a W-9 tax form?

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hi I'm Bruce brumberg I'm editor-in-chief of my stock options calm I'm gonna briefly show and tell you about the new tax reporting rules that apply when you sell shares you receive from stock compensation or an employee stock purchase plan my goal is to help you understand the new rules to prevent tax return mistakes and overpaying your taxes let's take a look at what's new first we have this expanded 1099 be that you get from your broker and the IRS gets it to what's most important about it is it now includes the cost basis information however that number may be wrong or may be too low or may be blanking then you take all this expanded information and you put it on the new form 8949 and that goes along with a greatly shortened revised Schedule D that you file whenever you sell stock the cost basis is that all-important number do you subtract from your proceeds to determine your gain or loss now there's three situations where you could face what I call cost basis confusion and potentia

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