Just Filed my 83(b) Election Form – What Happens Next?

If you just mailed your 83(b) Election Form to the IRS, do not expect anything to happen. The IRS does not acknowledge receipt or send you any correspondences regarding the filing. In order to prove timely filing, you should always mail the form...

Read More...
Do I Need to File an 83(b) Election Form?

There is no requirement to file an 83(b) Election Form. By default, the IRS assumes that you have not filed it. The IRS taxes Restricted Stock (stock that vests over time) using a “pay me now or pay me later” method. By filing an 83(b) Election...

Read More...
What Happens If You Do Not File an 83(b) Election?

There is no requirement to file an 83(b) Election Form.  By default, the IRS assumes that you have not filed it. The IRS taxes Restricted Stock (stock that vests over time) using a “pay me now or pay me later” method.  By not filing an 83(b)...

Read More...
What is an 83(b) Election?

An 83(b) Election Form is a written statement to the IRS telling them that you have been granted Restricted Stock from a Company where you will be providing services (employment, consulting, etc.). There is no official IRS form – it is just a written statement...

Read More...
These Five Things Will Land a Startup Founder in Jail

Not remitting payroll taxes. "Cash flow is tight and a financing is just around the corner – I will just pay my employees their net pay and remit the withheld taxes and employer taxes when we close the financing (it is imminent) – it...

Read More...