Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Kaye Thomas who wrote (2302)	9/22/1999 1:39:00 PM
From: Proud_Infidel	Read Replies (1) of 5810

Over the past year, I have made payemtns to my ESPP, and would now like to collect the security. I submitted a termination form on 8/2/99 to the HR of my company, asking that said securities be delivered(I had intended to sell through my account). Not receiving anything through the mail yet, I called my HR department only to find out that the form for delivery of the securities had not yet been mailed, as of 9/22/99!!!!!!!!!!! They explained that they do this on a quarterly basis and as such, I should expect to receive my securities approximately 5 weeks after they have been sent out on the last day of the quarter! This would mean that I should see my certificate sometime in early November! Isn't there some kind of law which stipulates a timeframe which is reasonable? My time to file until reception of securities is 3 months. If I had files on July 2, it would have been 4 months. Intuitively, this does not seem like it should be lawful yet I have failed to find any type of documentation so far to prove otherwise. Can anyone help? TIA Brian

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