83(b) Election Instructions
What an 83(b) election does and who should consider one.
An 83(b) election is a provision under the Internal Revenue Code that gives an employee or startup founder the option to pay taxes on the total market value of restricted stock at the time of the grant as opposed to the time of vesting. These documents must be sent to the IRS within 30 days of issuing restricted shares. This option is typically more cost-effective for startup companies than regular taxation, as the taxes would be pre-paid at a lower valuation.
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