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-   -   W-9 and IRS form 5938 (https://www.askmehelpdesk.com/showthread.php?t=817409)

  • Oct 23, 2015, 04:07 PM
    kritvarma
    W-9 and IRS form 5938
    My company awarded me restricted stock units (RSU) few years ago which will vest December 1, 2015 and get converted to shares. Since vesting is a taxable event, the total share value in U.S dollars will be reported to IRS and taxes withheld. I have already certified and submitted tax form W-9. I have opted to reinvest dividends to buy new shares. So in 2015, I will neither be receiving dividends nor selling the shares. Do I still have to report anything to IRS when filing tax returns next year? Will I get any form from IRS for filing returns?
  • Oct 23, 2015, 05:16 PM
    ma0641
    You will be receiving dividends, you are just reinvesting them. I do this on all my stocks but get 1099 DIV's each year. Goes on the 1040.
  • Oct 23, 2015, 07:14 PM
    AtlantaTaxExpert
    RSUs are different than dividends. They are normally considered part of the recipient's compensation package, and should be taxed on vesting under the W-2.

    If the resulting stock is not sold, no other reporting to the IRS is required. The basis is the price at vesting.
  • Oct 24, 2015, 07:02 AM
    ma0641
    Thanks for the clarification.
  • Oct 24, 2015, 07:02 AM
    AtlantaTaxExpert
    Glad to help!

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