Which of these is not true regarding the Section 83(b) election? Multiple Choice The election freezes the value of the employee's compensation as of the grant date The election must be made within 30 days of the grant date Wen employee leaves before the vesting date, any loss is limited to $3,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of these is not true regarding the Section 83(b) election?
Multiple Choice
The election freezes the value of the employee's compensation as of the grant date
The election must be made within 30 days of the grant date
en employee leaves before the vesting date, any loss is limited to $3,000
The election is an important tax planning tool if the stock is expected to increase in value
Transcribed Image Text:Which of these is not true regarding the Section 83(b) election? Multiple Choice The election freezes the value of the employee's compensation as of the grant date The election must be made within 30 days of the grant date en employee leaves before the vesting date, any loss is limited to $3,000 The election is an important tax planning tool if the stock is expected to increase in value
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