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)...
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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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