TaxBandits Knowledge Base

What are the requirements to file Form 3921?

There are three copies that must be completed. You'll require:

• Copy A should be sent to the IRS either electronically or by mail.
• The employee who exercised options should receive copy B.
• Maintain a copy C for your business records.

You can submit Form 3921 electronically or by mail. You must file online if you need to submit more than 250 forms. You will require the following items in order to fill out the form:

• List of the employees that utilized their ISOs
• The transmitter control code for your business (TCC)
• The tax ID numbers of the employees
• You must have an account on the IRS Filing Information Returns Electronically (FIRE) system if you are filing electronically.

If you're an employer required to e-file Form 3921 for 2022, you can easily complete it using TaxBandits.