(a) Requirement of statement with respect to incentive stock options under section 6039(b). (1) Every corporation filing a return under Sec. 1.6039-1(a) shall furnish to each person whose name is set forth in such return a written statement with respect to the transfer or transfers made to such person during such year. This statement must include the information described in Sec. 1.6039-1(a)(1).
(2) Each statement required by this paragraph (a) to be furnished to any person must be furnished to such person on Form 3921, Exercise of an Incentive Stock Option Under Section 422(b) (or its designated successor) and be delivered at such time and in such manner as provided in the instructions thereto.
(b) Requirement of statement with respect to stock purchased under an employee stock purchase plan under section 6039(b). (1) Every corporation filing a return under Sec. 1.6039-1(b) shall furnish to each person whose name is set forth in such return a written statement with respect to the transfer or transfers made by such person during such year. This statement must include the information described in Sec. 1.6039-1(b)(1).
(2) Each statement required by this paragraph (b) to be furnished to any person must be furnished to such person on Form 3922, Transfer of Stock Acquired Through an Employee Stock Purchase Plan Under Section 423(c) (or its designated successor) and be delivered at such time and in such manner as provided in the instructions thereto.
(3) If the statement required by this paragraph is made by the authorized transfer agent of the corporation, it is deemed to have been made by the corporation. The term transfer agent, as used in this section, means any designee authorized to keep the stock ownership records of a corporation and to record a transfer of title of the stock of such corporation on behalf of such corporation.
(c) Time for furnishing statements--(1) In general. Each statement required by this section to be furnished to any person for a calendar year must be furnished to such person on or before January 31 of the year following the year for which the statement is required. However, for a statement required to be furnished after December 31, 2008, the February 15 due date under section 6045 applies to the statement if the statement is furnished in a consolidated reporting statement under section 6045. See Sec. Sec. 1.6045-1(k)(3), 1.6045-2(d)(2), 1.6045-3(e)(2), 1.6045-4(m)(3), and 1.6045-5(a)(3)(ii).
(1) In general. Each statement required by this section to be furnished to any person for a calendar year must be furnished to such person on or before January 31 of the year following the year for which the statement is required. However, for a statement required to be furnished after December 31, 2008, the February 15 due date under section 6045 applies to the statement if the statement is furnished in a consolidated reporting statement under section 6045. See Sec. Sec. 1.6045-1(k)(3), 1.6045-2(d)(2), 1.6045-3(e)(2), 1.6045-4(m)(3), and 1.6045-5(a)(3)(ii).
(2) Extension of time. An extension of time to furnish statements required by this section may be granted in accordance with the guidelines and procedures set forth in the instructions to Form 3921 and Form 3922.
(d) Penalty. For provisions relating to the penalty applicable to the failure to furnish a statement under this section, see section 6722.
(e) Effective/applicability date--(1) In general. This section is effective on November 17, 2009. This section will apply as of January 1, 2007.
(1) In general. This section is effective on November 17, 2009. This section will apply as of January 1, 2007.
(2) Reliance and transition period. Notwithstanding Sec. 1.6039-1(f), corporations must furnish information statements to employees in accordance with this section for stock transfers that are subject to Sec. 1.6039-1(a) and (b), and occur during the 2007, 2008 and 2009 calendar years. For purposes of furnishing information statements for stock transfers that occur during the 2007 or 2008 calendar years, taxpayers may rely on Sec. 1.6039-1 of the 2004 final regulations (69 FR 46401) or Sec. 1.6039-2 of the 2008 proposed regulations (REG-103146-08) (73 FR 40999). For purposes of furnishing information statements for stock transfers that occur during the 2009 calendar year, taxpayers may rely on Sec. 1.6039-1 of the 2004 final regulations (69 FR 46401), Sec. 1.6039-2 of the 2008 proposed regulations (REG-103146-08) (73 FR 40999), or this section. [T.D. 9470, 74 FR 59091, Nov. 17, 2009, as amended at 74 FR 67973, Dec. 22, 2009; T.D. 9504, 75 FR 64090, Oct. 18, 2010] Sec. 1.6039I-1 Reporting of certain employer-owned life insurancecontracts.
(a) Requirement to report. Section 6039I requires every taxpayer that is an applicable policyholder owning one or more employer-owned life insurance contracts issued after August 17, 2006, to file a return showing the following information for each year the contracts are owned--
(1) The number of employees of the applicable policyholder at the end of the year;
(2) The number of such employees insured under such contracts at the end of the year;
(3) The total amount of insurance in force at the end of the year under such contracts;
(4) The name, address, and taxpayer identification number of the applicable policyholder and the type of business in which the policyholder is engaged; and
(5) That the applicable policyholder has a valid consent for each insured employee (or, if all such consents are not obtained, the number of insured employees for whom such consent was not obtained).
(b) Time and manner of reporting. Applicable policyholders owning one or more employer-owned life insurance contracts issued after August 17, 2006, must provide the information required under Sec. 6039I by attaching Form 8925, ``Report of Employer-Owned Life Insurance Contracts'', to the policyholder's income tax return by the due date of that return, or by filing such other form at such time and in such manner as the Commissioner may in the future prescribe.
(c) Effective/applicability date. These regulations are applicable for tax years ending after November 6, 2008. [T.D. 9431, 73 FR 65982, Nov. 6, 2008]