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SOS 6039 Services & Solutions

Our line of 6039 solutions and services will simplify your life, save you time and reduce your company's risk by helping you comply with the newly revised Section 6039.

Participant Communications

These forms must be sent to participants for ISO exercises and ESPP transfers (generally purchases) that occurred during the calendar year by January 31 of the following year.

Substitute forms and aggregate forms are permissible, so forms can be tailored to your requirements1 , for an additional cost.

  • Form 3921 – ISO Exercises
  • Form 3922 – 423 ESPP Transfers2

Methods of Delivery

In-house Software

If you wish to email these statements to your participants, our MS Access-based application, SOS 6039 Xpress, can be deployed at your company site. Transaction data is retrieved or exported from your stock plan database. The 6039 Xpress application formats the data, and then emails the statements to hundreds or thousands of participants with just a few clicks.3

Outsourced Stock Plans / ASP Providers

SOS 6039 Xpress can be deployed at your company site, allowing you to keep your sensitive participant data inside your firewall. Vendor data is downloaded from your stock plan database to a pre-specified location. The 6039 Xpress application retrieves the data, formats it, and then can either generate a file for hardcopy printing or email the statements to your participants. 4

End-to-End SOS Service

If you are looking to outsource the whole process, you can securely transmit your purchase/exercise data to SOS and let us:

  • Create a PDF file with participant statements ready to print and mail OR
  • Create the hardcopy statements and mail them for you

IRS e-Filings

For ISO exercises and ESPP transfers that occurred during the year, you are required to report these transactions to the IRS. If you have over 249 transactions to report, you will be required to report electronically and SOS can help.

  • Form 3921
  • Form 3922

6039 Xpress for IRS Filing

SOS 6039 Xpress can be deployed at your company site, allowing you to keep your sensitive participant data inside your firewall. Vendor data is retrieved from or downloaded from your stock plan database to a pre-specified location. The SOS 6039 Xpress application retrieves the data, formats it per the detailed IRS file specification, and produces a file that can be submitted via the IRS FIRE (Filing Information Returns Electronically) website. Supports original, corrected, and void record formats.

Outsourcing/End-to-End SOS Service

If you are looking to outsource the whole process, you can securely transmit your purchase/exercise data to SOS and let us:

  • Create an e-file ready for you to file with the IRS OR
  • Submit the file to the IRS on your behalf
  • Create participant statements

Consent Collection via Website for Electronic Distribution of Employee Statements

SOS will utilize our existing website technologies that have been deployed for more than 50 clients to provide a website to collect consent from employees, 24/7, for electronic distribution of forms 3921 and 3922.

Expert Assistance with 6039 Compliance

Our consultants have helped companies implement internal and external solutions for complying with the revised regulations. We can work with your stock plans personnel and other departments to develop documented processes and procedures. This may also include development of business requirements documents, customized reports, and/or feeds to automate the movement of data between stock plan system and a third-party system.

Fulfillment

The last thing you want to deal with is printing and mailing all of the employee statements for forms 3921 and 3922. Let SOS handle it. Our fulfillment services will print and mail forms 3921 and 3922, so you can spend your time on more important things.


1Please note that there are specific IRS requirements for substitute forms and the client will be responsible for compliance if changes to the forms are requested.
2This product is designed for companies whose "first transfer" is the purchase event because the shares are deposited into a brokerage account. If your company instead issues certificates then the first transfer of the shares should be reported instead of the purchase.
3To deliver statements exclusively in electronic format, participant consent is required. SOS can also facilitate the process of requesting and recording participant consent for electronic delivery via the use of our secure website technology. Please ask us for more details.
4To deliver statements exclusively in electronic format, participant consent is required. SOS can also facilitate the process of requesting and recording participant consent for electronic delivery via the use of our secure website technology. Please ask us for more details.


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