The Secret All Startup Founders Should Know NOW: 83(b)

When you receive restricted stock awards, you need to decide whether you want to make a Section 83(b) tax election. What is an 83(b) election? Well, in the IRS’ words: “It provides generally that if, in connection with the performance of services, property is transferred to any person other than the person for whom such services are performed, the excess of the fair market value of the property as of the first time that the transferee’s rights in the property are transferable or are not subject to a substantial risk of forfeiture, whichever occurs earlier, over the amount (if any) paid for the…