EASi Makes Section 6039 Compliance Easier

New Reports Follow IRS Formats for Ease of Compliance

Dec 16, 2010, 07:00 ET from Equity Administration Solutions, Inc.

PLEASANTON, Calif., Dec. 16, 2010 /PRNewswire/ -- Equity Administration Solutions, Inc. (EASi), the leading broker-independent stock plan software company, today announced that its customers are preparing for their 6039 filings using its latest 3921 and 3922 reports.

In keeping with its commitment to provide new functionality to meet evolving regulatory requirements, EASi introduced four new reports that mirror the IRS format to enable compliance with IRC Section 6039 requirements.

EASi provides downloadable reports with the information required in the Forms 3921 and 3922 filings to the IRS.  This allows the ISO and ESPP information to be incorporated with other tax data (such as 1099 information) that is not related to equity compensation but must also be incorporated in electronic filings.  The form-based 3921 and 3922 reports generate a page-per-employee information statement covering all reportable transactions for the tax year, thus facilitating direct mailing.

"In addition to providing reports to facilitate the new the IRS filing requirements and more structured employee information statements, we also provide the employees with self-service access to their information statements using our participant portal," said Denise Vitale, Vice President of Product Development for EASi. "Our extensive report filtering capabilities allow for easy access to the inevitable reprint requests."

Equity Administration Solutions, Inc. www.easiadmin.com is the SaaS company that set the standard in stock plan software with its comprehensive industrial strength platform that handles all the accounting, tax, administration and compliance needs of companies that grant equity awards. Headquartered in Pleasanton, CA, EASi serves more than 600 companies  and continues to lead the industry with second-to-none solutions in areas including FAS123R, IFRS 2, Performance Awards , material modifications and WorkStream process automation. In 2010 Inc. Magazine ranked EASi 35th in the Financial Services industry segment and in the top 12% on its annual list of fastest growing private companies in America.    

Contact: Amy Damianakes

EASi

amy@damianakes.com

(925) 937-4561



SOURCE Equity Administration Solutions, Inc.



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