Late 1099B-s and Forms 3922 for ESPP Account

[Edward]

I've heard that above documents from Fidelity have been delayed because of confusion of the new reporting requirements? Anyone else having similiar problems? If so, I understand that you should go for an extension using Form 1127-A rather than thse 4868. Any comments?

[Catherine]

I'm not sure what would be the "undue hardship" requiring you to use the 1127-A instead of the 4868.

For folks that I have on extension, I just used the 4868 and we made guesstimates from end of year statements or preliminary forms when needed.

[Edward]

I suspect that a t/p has a problem its a 4868 and when someone else has created the problem, then the penalties and interest may be avoided, whereas with the 4868 such will accrue until the 1040 is file and the liability paid. The 1127A (undue hardship) would then avoid such penalties/interest. Sound logical?

[Lion EA]

One safe harbor is based on 2010 tax liability, so that's sometimes easier to obtain than calculating 90% of 2011 with missing 1099-Bs.