Which of the Following Is False Regarding a Section 83(i)election

question 24

Multiple Choice

Which of the following is false regarding a section 83(i) election?

• A)The election allows employees of any corporation to defer income tax liability.
• B)The election is an important tax-planning tool for illiquid equity grants.
• C)The election must be made within 30 days of the grant date.
• D)The election may terminate on the date the employer stock becomes publicly traded.

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Definitions:

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A class of psychoactive drugs known for their tranquilizing effects, often used to treat anxiety, insomnia, and certain forms of epilepsy.