Who needs it?
Many companies use the 3921. It is often associated with startups who provide some compensation to employees in the forms of incentive stock options. Any transfer of stock as an incentive, whether in a startup or an “old” corporation, requires the 3921.
When to File it
With Tax1099.com, we automatically schedule your IRS e-File transmission date for the e-File deadline. That allows you to make changes to forms after creating them for your vendors and before sending them to the IRS, without the need to issue corrected forms – all at no additional cost for the e-File update. You may also change the scheduled date to occur earlier than the deadline if you prefer.
Electronically filed 3921 forms are directly transmitted to the IRS from the Tax1099.com system.