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An ISO image is an archive file (a.k.a. disk image) of an optical disc using a conventional ISO (International Organization for Standardization) format that is supported by many software vendors.
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An ISO, or Interest & Sourcing Obligation, typically refers to a tax form used to report income or transactions for specific purposes, often concerning income received from the exercise of stock options.
Individuals who have exercised incentive stock options (ISOs) must file the appropriate ISO form with the IRS as part of their tax returns.
To fill out an ISO form, you will need to provide detailed information on the amount of stock exercised, the date of exercise, the market value of the stock, and any other pertinent financial data required by the IRS.
The purpose of the ISO form is to report the income derived from the exercise of incentive stock options, ensuring proper taxation and compliance with IRS regulations.
The ISO form must report details such as the date of exercise, the number of shares, the exercise price, the fair market value at the time of exercise, and any gains or losses associated with the transaction.
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