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What is Form “83(b) Election” And How To Work With It
When you are creating a startup, there are lots of things to consider. Often, optimizing your tax obligations can slip through the cracks. But this could be a costly mistake. A prime example of this is a form 83 (b). Taking a few minutes to fill out this form and file it with the IRS could end up saving you thousands of dollars at tax time. Let’s take a closer look at these forms and how you can use them to your advantage.
A crucial part of being a successful entrepreneur is learning how to optimize your taxes. Simple actions, like filling out a form 83 (b) can have a big impact. This strategy can give you protection if the value of your shares falls and end up saving you thousands of dollars in capital gains tax if you sell for a profit.
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