Beware of The IRS 1099-K Startup Trap
Beware of The IRS 1099-K Startup Trap

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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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...

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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)...

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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...

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