The Paycheck Protection Program (PPP) is a week old. This is what we have learned in the first week: The fever pitch has subsided – there was a lot of anxiety about this being a “first-come-first-serve” program and $350B would not last long. As of today, there...
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How has the R&D Credit changed? Before 2016, the R&D Credit had to be taken against taxable income – most startups do not have taxable income, so it was nice, but no immediate benefit. For tax year 2016 (returns filed in 2017) and onward, there...
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1099-K: Clearing up the Confusion If you’re a startup company who receives payments for your goods and services through credit card merchant accounts or third-party processors, then you’ve likely received one or more Form 1099-K’s. And if you’re like many recipients, you may have given them...
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Hiring unpaid interns is a great idea, but it can be a legal minefield: There are more than a few obvious reasons why a startup might want to hire an unpaid intern but it can be a confusing web of laws and requirements. The Department...
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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...
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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...
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