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...
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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...
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Congratulations! This is it. Every entrepreneur’s dream is now your reality. You built your business from scratch and now, after 2 years of hard work, you’ve been bought out to the tune of $50 million. Don’t pop the champagne just yet. Somehow, your shareholders are only...
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This is a very rare case when FILING an 83(b) Election made a bad situation worse: Got a call last week from the CEO of a small, publicly-held company. He had an easy-to-answer 83(b) Election question. He was not a client, so we discussed other 83(b)...
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OK, you have a startup (let’s assume a DE C Corp) and are low on funds. You would like Accountalent to prepare your taxes for you, but cannot afford the $150 per month, yet. Here is a guide to do your taxes yourself and not get...
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I know Millennials very well – my tax practice has exclusively serviced 1,500+ tech startups that are all founded by Millennials. I have Millennials that work for me, that I mentor at Harvard, MIT and other local Boston area colleges and have children that are...
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