Illinois Approval of Stock Option Plan
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How to fill out Approval Of Stock Option Plan?
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FAQ
Who must file Form IL-1065? You must file Form IL-1065, Partnership Replacement Tax Return, if you are a partnership (see ?Definitions to help you complete your Form IL-1065?) and you have base income or loss as defined under the Illinois Income Tax Act (IITA) allocable to Illinois.
NSOs and Tax Considerations NSOs are seen as a form of normal income that is received from a company. The recipient is taxed on the date the stock options are exercised on the difference of the stock's market value and the grant price. This will appear on a W-2 just like other forms of compensation.
What is the purpose of Form IL-4644? This form is to report the gains from only the sale or exchange of securities of an employer that you received in a distribution from a qualified employee pension, profit-sharing, or stock bonus plan.