My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 2020 with at least $3 million.

By Topics

Overall:
0. About (10)
1. My Progress (139)
2. Car & Home (107)
3. Credit (138)
4. Banking (33)
5. Saving (49)
6. Investing (308)
7. Taxes (89)
8. Spending (74)
9. Misc (97)
A. Archive (49)



MONTHLY ARCHIVE

Feb 2014 (3)
Jan 2014 (6)
Jan 2012 (1)
Apr 2011 (1)
Mar 2011 (1)
Feb 2011 (1)
Jan 2011 (1)
Dec 2010 (1)
Oct 2010 (1)
Sep 2010 (1)
Aug 2010 (1)
Jul 2010 (1)
Jun 2010 (1)
May 2010 (1)
Apr 2010 (1)
Mar 2010 (6)
Feb 2010 (2)
Jan 2010 (7)
Dec 2009 (3)
Feb 2009 (4)
Jan 2009 (8)
Dec 2008 (1)
Jun 2008 (2)
May 2008 (2)
Apr 2008 (5)
Feb 2008 (3)
Jan 2008 (15)
Dec 2007 (32)
Nov 2007 (6)
Oct 2007 (8)
Sep 2007 (9)
Aug 2007 (24)
Jul 2007 (2)
Jun 2007 (1)
May 2007 (3)
Apr 2007 (4)
Mar 2007 (4)
Feb 2007 (13)
Jan 2007 (6)
Dec 2006 (3)
Nov 2006 (7)
Oct 2006 (7)
Sep 2006 (6)
Aug 2006 (4)
Jul 2006 (10)
Jun 2006 (1)
May 2006 (3)
Apr 2006 (2)
Mar 2006 (6)
Feb 2006 (6)
Jan 2006 (3)
Dec 2005 (1)
Nov 2005 (9)
Oct 2005 (8)
Sep 2005 (13)
Aug 2005 (25)
Jul 2005 (16)
Jun 2005 (17)
May 2005 (19)
Apr 2005 (20)
Mar 2005 (24)
Feb 2005 (23)
Jan 2005 (36)
Dec 2004 (40)
Nov 2004 (34)
Oct 2004 (17)
Sep 2004 (21)
Aug 2004 (59)
Jul 2004 (37)
Jun 2004 (31)
May 2004 (29)
Apr 2004 (52)
Mar 2004 (49)
Feb 2004 (49)
Jan 2004 (31)
Dec 2003 (48)
Nov 2003 (52)
Oct 2003 (29)
Sep 2003 (8)
Aug 2003 (5)
Jul 2003 (2)
Jun 2003 (2)
May 2003 (5)
Apr 2003 (2)
Mar 2003 (2)
Feb 2003 (3)
Jan 2003 (29)


 

One More Reason You Should File Late

Contributed by mm | March 14, 2005 8:17 AM PST

Below is the mail I received a few minutes ago. I feel fortunate because I haven't filed my tax yet -- I mentioned in previous entries that it might be a wise idea to get an automatic extension. If both Fidelity and Microsoft Benefits department hadn't been able to detect the problem in the last 2.5 months, can you really put your faith on all other tax forms you received?

From: Fidops [mailto:Fidops@FMR.COM]
Sent: Monday, March 14, 2005 8:09 AM
Subject: 2004 Disqualifying Disposition Transaction

Dear [MY NAME HERE],

You are receiving this email in regards to a 2004 sale of your ESPP shares which resulted in a disqualifying disposition. For this type of transaction, the IRS requires Microsoft to treat this income as compensation income, and to include it on your W-2. Accordingly, Microsoft requires Fidelity, as stock plan administrator and recordkeeper, to report that income to Microsoft. Unfortunately, due to a systems error, the ordinary income that resulted from the disqualifying disposition was not reported to Microsoft, and Microsoft therefore was not able to include it on your W-2. As a result, Microsoft will be generating a corrected W-2 to reflect this transaction and will mail it to you within two weeks. We apologize in advance for any associated inconvenience.

If you have any questions or concerns, please call a Fidelity Stock Plan Services Representative toll free at 888-810-MSFT (6738), option 2, Monday-Friday, 5:00 a.m. to 9:00 p.m. Pacific Time.

Sincerely,

Fidelity Stock Plan Services, LLC

Microsoft and Fidelity Investments are not affiliated.

Brokerage services provided by Fidelity Brokerage Services LLC, Member NYSE, SIPC

© Copyright 2005 FMR Corp.

All rights reserved.

More PFBlog Articles You Might Find Interesting ...


01/11/10 | Income Tax Law Changes in 2010 | (3)
01/11/10 | Maximizing Stock Option Value: The Tax Consequences | (6)
02/02/09 | What You Should Know About 2008 Individual Income Tax Returns | (1)
01/12/08 | 2008-2010: The Upcoming Golden Age for Investors in Low Tax Brackets | (1)
12/25/07 | Christmas Gift from the Capitol Hill: the Alternative Minimum Tax Patch and Mortgage Forgiveness Debt Relief | (2)




Subscribe to Our RSS Feed:      Add to Google      Subscribe in Bloglines

This Post Has Received 1 Comment. Share Your Opinions Too.


Jonathan Commented on March 15, 2005

Dang, that's annoying. Maybe I will take that extension, just in case.

Read More ... 88 Posts In The Same Category


01/11/10 | Income Tax Law Changes in 2010 | (3)
01/11/10 | Maximizing Stock Option Value: The Tax Consequences | (6)
02/02/09 | What You Should Know About 2008 Individual Income Tax Returns | (1)
01/12/08 | 2008-2010: The Upcoming Golden Age for Investors in Low Tax Brackets | (1)
12/25/07 | Christmas Gift from the Capitol Hill: the Alternative Minimum Tax Patch and Mortgage Forgiveness Debt Relief | (2)
12/12/07 | Is Prepaying January Mortgage Bill for Tax Gain a Good Idea? Myth Busted. | (1)
12/09/07 | What Candidates are Proposing for Income Tax on Investments | (4)
11/06/07 | How to Get 8% Annual Return with Zero Risk | (255)
10/16/07 | The Value of Essential Tax Knowledge | (10)
09/24/07 | 2008 Projected Tax Brackets | (4)
01/30/07 | Free Tax Filing for 2007: The Rules Have Changed (Again) | (14)
01/29/07 | What Did I Learn from My 2005 Tax Return? | (10)
03/07/06 | Roth 401(k) or Not? | (7)
02/04/06 | $833 Profit from Dependent Care Flexible Spending Account | (6)
11/27/05 | 2006 Tax Rates Preview | (2)
11/20/05 | Tax Strategy for Self-Employment Income, Part 10: The Conclusion | (2)
09/27/05 | Tax Strategy for Self-Employment Income, Part 9: C Corporation | (3)
09/16/05 | Tax Strategy for Self-Employment Income, Part 8: LLC and S Corporation | (10)
09/13/05 | Tax Strategy for Self-Employment Income, Part 7: Forms of Doing Business | (2)
09/12/05 | Tax Strategy for Self-Employment Income, Part 6: SEP IRA and SIMPLE Plans | (2)
09/01/05 | Tax Strategy for Self-Employment Income, Part 5: Individual 401(k) Analysis & Resources | (2)
08/30/05 | Tax Strategy for Self-Employment Income, Part 4: Individual 401(k) Introduction | (5)
08/28/05 | Tax Strategy for Self-Employment Income, Part 3: The Major Options
08/26/05 | Tax Strategy for Self-Employment Income, Part 2: The Framework
08/25/05 | Tax Strategy for Self-Employment Income, Part 1: The Tax Exposure | (4)
08/10/05 | 2004 Tax Filed | (7)
05/24/05 | Flexible Spending Account Gets More Flexibility | (2)
04/16/05 | Personal Finance Savviness: Bush vs Cheney | (5)
04/12/05 | Getting A Tax Filing Extension Is Easy, Part 3 | (2)
04/12/05 | Getting A Tax Filing Extension Is Easy, Part 2
04/12/05 | Getting A Tax Filing Extension Is Easy, Part 1 | (1)
03/06/05 | How Do Your Deductions Stack Up?
03/05/05 | Yes, Bigger Refund This Year. But Is It A Good Thing?
03/03/05 | Taxes Become Counterintuitive | (2)
02/24/05 | Fear Of Tax Audit? File An Extension | (1)
02/13/05 | $3,000 Free Credit Line Via Flexible Spending Accounts | (2)
02/05/05 | Financial Plan 2005: Tax | (2)
01/23/05 | Pay My Tax By Credit Card
01/23/05 | Be On The Lookout For These Tax Statements
01/18/05 | More Free Tax Filing Options This Year | (3)
01/17/05 | Don't Scream 'Audit Me!'
01/14/05 | January Tax Prep Tips
01/12/05 | DeductionPro: Free for Download | (1)
12/20/04 | Should I Save Receipts Next Year? | (1)
12/18/04 | Sales Tax Deduction Details Released
12/12/04 | My $413 Mistake
12/08/04 | Top Ten Tax-Complex Corporate Actions for 2004 | (1)
11/30/04 | 8 Profitable Year-End Tax Moves
11/29/04 | A Door Is Closed
11/22/04 | State Sales Tax Deduction: What's Next?
11/22/04 | Year-End Tax Stunt | (2)
11/17/04 | Benefits 2005, Part 3: Flexible Spending Accounts | (1)
11/13/04 | Taxes and Consequences: The Second Term Begins
10/21/04 | New 401(k) and Social Security Tax Limit
10/21/04 | Should We Trust Roth IRA? | (1)
10/11/04 | What's Your Marginal Tax Rate?
10/09/04 | State Sales Tax Deduction Closer to Reality
10/06/04 | Preparing for Tax Year 2005
08/26/04 | Child Care Tax Credit or Flexible Spending Account? | (1)
08/25/04 | Bush vs. Kerry On Your Tax Bill
08/14/04 | Withdraw Early If You Dare
08/09/04 | No $400 Advance Child Tax Credit This Year
08/05/04 | IRS Publication 15 and Income Tax Withholding
07/01/04 | Do You Live in a Tax-Friendly State? | (1)
06/23/04 | Kiplinger's Tax Map
06/23/04 | State Sales Tax Deductibility for Residents of WA and Six Other States
05/25/04 | Individual Tax Statistics by Zip Code
04/19/04 | John Kerry's Tax Hypocrisy
04/18/04 | The President's Tax Return (Cont'd)
04/15/04 | The Growing Class of Americans Who Pay No Federal Income Taxes
04/14/04 | The President's Tax Return
04/14/04 | Kerry's Gas Tax Increase Calculator
04/05/04 | A $206 Mistake (And My Tax Filing for 2003)
04/04/04 | Top 10 Most Unusual Sales Tax Laws for 2004
03/07/04 | Tax Deduction on Gambling Losses
02/29/04 | An Average Refund Check of $2,292
02/27/04 | Temporary AMT Relief in FY2005 Budget
02/22/04 | 6 Signs You Don't Need a Tax Pro
02/10/04 | New Saving Accounts, Now Four Types
02/06/04 | Tax (R)evolution Opinions from Bush, Kerry and Edwards
02/04/04 | Shall We Trust Roth IRA?
01/31/04 | This Year, Everyone Can File Tax For Free!
01/07/04 | The Howard Dean Tax Calculator
01/04/04 | National Taxpayers Union 2004 Taxpayer Wish List
11/25/03 | A Home's Real Tax Savings
11/18/03 | An Interesting Tax Gimmick
11/05/03 | New Tax-Advantaged Saving Options on the Horizon?








This page was last rebuilt at January 27, 2014 07:41 AM PST.
  

RSS FEED





PERSONAL FINANCE BLOGS I READ

Consumerism Commentary
Get Rich Slowly
My Money Blog
All Financial Matters
The Simple Dollar

.
Error 500 - Internal server error

Error 500 - Internal server error

An internal server error has occured!
Please try again later.



Copyright 2003-2014, PFBlog.com. All Rights Reserved. (Privacy Policy)