26 USC 6039 - Returns required in connection with certain options

U.S Code last checked for updates: May 05, 2024

§ 6039.

Returns required in connection with certain options

(a)

Requirement of reporting

Every corporation—

(1)

which in any calendar year transfers to any person a share of stock pursuant to such person’s exercise of an incentive stock option, or

(2)

which in any calendar year records (or has by its agent recorded) a transfer of the legal title of a share of stock acquired by the transferor pursuant to his exercise of an option described in section 423(c) (relating to special rule where option price is between 85 percent and 100 percent of value of stock),

shall, for such calendar year, make a return at such time and in such manner, and setting forth such information, as the Secretary may by regulations prescribe.

(b)

Statements to be furnished to persons with respect to whom information is reported

(c)

Special rules

For purposes of this section—

(1)

Treatment by employer to be determinative

(2)

Subsection (a)(2) applies only to first transfer described therein

(3)

Identification of stock

(d)

Cross references

For definition of—

(1)

the term “incentive stock option”, see section 422(b), and

(2)

the term “employee stock purchase plan”, see section 423(b).

(Added Pub. L. 88–272, title II, § 221(b)(1), Feb. 26, 1964, 78 Stat. 73; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 96–167, § 7(a), Dec. 29, 1979, 93 Stat. 1276; Pub. L. 97–34, title II, § 251(b)(5), Aug. 13, 1981, 95 Stat. 259; Pub. L. 101–508, title XI, § 11801(c)(9)(J), Nov. 5, 1990, 104 Stat. 1388–526; Pub. L. 105–206, title VI, § 6023(20), July 22, 1998, 112 Stat. 825; Pub. L. 109–432, div. A, title IV, § 403(a), (b), (c)(3), (4), Dec. 20, 2006, 120 Stat. 2954, 2955; Pub. L. 115–141, div. U, title IV, § 401(a)(259), Mar. 23, 2018, 132 Stat. 1196.)

cite as: 26 USC 6039