Videos on Tax Return Reporting to Help Employees

For info on videos see: https://lnkd.in/enJP3kB. I recently developed a new one to help explain cost basis and reporting of stock sales:

Tax-Return Reporting Of Company Stock Sales: How To Avoid Overpaying Taxes (running time: 8:05). In this video, the tax experts at myStockOptions.com explain:

• the rules for reporting stock sales on your tax return


• major errors to avoid if the shares you sold came from stock options, restricted stock/RSUs, stock appreciation rights, or an employee stock purchase plan


• the "cost basis" of shares acquired from equity compensation


• why it is crucial to understand your cost basis to avoid overpaying your taxes

The video also covers recent modifications of IRS rules, how these changes restricted what brokers can report on Form 1099-B for stock sales, and the related adjustments you must make on your tax return. Included are examples and annotated versions of key IRS forms to show the correct way to report your taxes and prevent costly mistakes. The video ends with key takeaways to remember so that you do not overpay taxes and attract unwanted IRS attention.