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What Happens If You Do Not File Section 83(b) Election?

This article will explore; what is 83(b) election, the benefits of filing it and how can someone file section 83(b) election form.
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What Happens If You Do Not File Section 83(b) Election?

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Section 83(b) Election is a provision under the Internal Revenue Service (IRS) that gives an employee, or founder, the option to pay taxes on the total fair market value of the restricted stock at the time of granting. Section 83(b) provides a tax benefit to shareholders of companies and startups which they have low share value, if form Section 83(b) is completed.

What is Section 83(b) Election?

Section 83(b) is a provision under the Internal Revenue Service (IRS) that gives an employee, or founder, the option to pay taxes on the total fair market value of the restricted stock at the time of granting. Section 83(b) provides a tax benefit to shareholders of companies and startups which they have low share value, if form Section 83(b) is completed.

How to Fill Out Section 83(b) election form?

  1. Go on Clemta.com and please sign up
  2. If you have a company, you can fill out to 83(b) form
  3. If you don’t have a company, we can establish a company within minutes with Clemta.
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