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IRS Form 3921, 3922: Account Ability Releases Section 6039 Compliance Solutions to Assist ETRADE Corporate Services Equity Edge Clients with 2012 Reporting Requirements

Melville, New York (PRWEB) December 30, 2011 Integrated Data Management Systems, Inc. (IDMS), a leading provider of 1099 and W-2 software, today announced the release of its Account Ability Tax Form Preparation Software to help businesses comply with IRS regulation section 6039. As amended by Section 403 of the Tax Relief and Health Care Act of 2006, section 6039 requires corporations to file an information return with the IRS, in addition to providing employees with an information statement, following a stock transfer. Returns required by ?1.6039-1(a) of these final regulations and information statements required by ?1.6039-2(a) of these final regulations must be made using IRS Form 3921, Exercise of an Incentive Stock Option Under Section 422(b). For each transfer made in 2011, the employer must provide the following information to the IRS on Form 3921: Name, address and EIN of the company transferring the stock The name, address and EIN of the company whose stock i...