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...
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)...
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...
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...
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)...
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...
