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What is an 83(i) Election and How Do You You File One?

Harness Wealth

The key differences between 83(i) and 83(b) elections The benefits and risks of an 83(i) election The eligibility criteria for an 83(i) election How to file an 83(i) election 83(i) compliance requirements for companies Is an 83(i) election right for you? What is an 83(i) election?

Taxes 52
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10 High-Income Tax Planning Strategies to Complete Before 2025: A Year-end Checklist

Harness Wealth

Note that gifting private company stock may require a professional appraisal to establish fair market value and ensure compliance with IRS regulations. Before making any moves, consult with a tax advisor to understand the implications and ensure compliance with all legal requirements. What is the Lifetime Gift Tax Exemption?

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Stock Options, Explained: Incentive Stock Options vs. Non-Qualified Stock Options

Carson Wealth

A qualified stock option is traditionally referred to as an Incentive Stock Option (ISO). In practice, ISOs create complex tax compliance and planning issues for both employers and employees. Stock options can be either qualified or non-qualified, and the primary difference is how they are taxed.

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