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:

Hypothermia

A medical emergency that occurs when your body loses heat faster than it can produce heat, causing a dangerously low body temperature.

Normal Temperature

The average body temperature maintained by the human body under resting conditions.

Hyperthermic

Characterized by an abnormally high body temperature, often as a result of illness or environmental factors.

Temperature Document

A record maintaining the measurement of temperature over a period, used for monitoring environmental conditions or body temperature in healthcare.