<p>It is indeed a disqualifying disposition so the company did not withhold the tax.</p>
<p>I believe the difference --is it called the spread? Hmm…after reading the above link, I think it is the sum of bargain element (which is FMV on the exercise day - exercise price) and the capital gain (Sale price - FMV on the exercise day ) between the exercise price and the sale price is about $3 only or a little bit more. Suppose that I exercise and sell on the same day (I think it is called a cashless iso exercise), say, 1000 share, I earn about $3000 because of this difference: $3 times 1000 = 3000.</p>
<p>I highly doubt my company will give us detailed info. Maybe my broker will send me one. Then, I need to figure out how to report the pay adjustmen due to iso earning on my W2 income, as well as the numbers on the 1098 form.</p>
<p>Thanks for the helps from all of you.</p>
<p>I feel that at the beginning of the year, I will have an extra burden of learning this tax stuff, unless all of my income came from my regular salary income in the previous year.</p>
<p>We had iso’s and would just exercise and pay the tax. Now we get preferred stock which is hard to figure out value for. Co is European so stock is priced in euros.</p>
<p>TD Ameritrade has a $20 discount thing with TurboTax.</p>
<p>TD Ameritrade expects 1099s to be out between 2/15 and 2/28.</p>
<p>Fidelity has mutual fund stuff 1099s available for download but not the brokerage stuff yet.</p>
<p>Etrade says that online download should be available by 2/1 but it isn’t yet.</p>
<p>So I’m waiting for Brokerage stuff and I suspect that it could be the end of February. I’m also guessing that there will be corrections in March - I think that there’s new reporting required this year and my brokerages have generally filed one or two corrections for the past few years.</p>
<p>“The National Taxpayer Advocate, an IRS watchdog group, got 55,000 requests for help with tax-identity theft in 2012. The group has seen a 650% rise in the number of identity theft cases it handles since 2008. And the IRS since last year has doubled to 3,000 the number of staffers working on such cases.”</p>
<p>Can’t read that article, but I heard on the news this morning that fraudulent filings for tax refunds are now costing the US $5 billion per year. Apparently MA is a hot-bed of this activity.</p>
<p>TaxACT has updated a couple of times. Since I owe money this year I am not in any particular hurry to file. I would estimate I am about 80-90% done though.</p>
<p>I think that FL was the first to see this in big numbers due to retirees. MA makes sense because it has a lot of college students. The $5 billion may be in losses but 3,000 IRS employees dealing with this has to cost a few bucks too.</p>
<p>Why doesn’t the IRS just mail out a special code to taxpayers that they have to use when filing returns?</p>
<p>I think that we’re going to sign up for those special filing codes. I doubt that an identity thief person would successfully hit our return as I’m pretty sure that the IRS would flag it. The ID thief would have to have to put significant dividend, capital gains income and foreign income on the fake return or it wouldn’t look like previous returns. Our kids’ returns, though, could be easily faked.</p>
<p>Just received an email from Fidelity. They’ve sent me two 1099s and I have been waiting for a third. The third will show up on or after February 26. They received an extension from the IRS on sending out forms. The delay is so that they have to send out fewer corrected forms.</p>
<p>Of course this is my messy trading account 1099 that I’ve been waiting for.</p>
<p>I am not pleased. We just received an “examination by mail” for one aspect of our 2010 tax return. Apparently I’m just supposed to magically come up with a pile of paperwork to validate a deduction. They haven’t sent me any requests for more information for 30 years. What a hassle.</p>
<p>Is there any reason to expect lower taxes when my income is not too different from last year’s? I roighly finished my tax return. I am getting quite large refund. Does that sound right?</p>
<p>That’s what I meant. The tax I owe this year is noticably smaller than last year. Does that sound right? I am using TurboTax. I am afraid it may not be working right.</p>
<p>Is your AGI about the same? Are your deductions the same? Are your exemptions the same? Are your credits the same? Can you compare this year to last line by line? If it’s all the same, your tax shouldn’t be drastically different.</p>
<p>I just hope that DH doesn’t wait until a few days before our taxes are due to start working on them this year. This has been the pattern over the past few years. Sigh.</p>
<p>Finished my taxes last week and was able to download Fidelity tax forms, even though they didn’t come in the mail until today. Tried to do IRS retrieval on FAFSA but it didn’t work… needed to allow time for it to be processed. Glad to have that all done.</p>
Glad I do not have to mess with these anymore! RSUs are much easier to handle.</p>