Section 338(h)(10) of the Internal Revenue Code can provide significant tax benefits to a buyer of 80% or more of a target corporation. A 338(h)(10) election allows a buyer of stock of an S corporation or a corporation within a consolidated group to treat the transaction as an acquisition of 100% of the assets of
What is a Section 83(b) Election?
One of the most common tax-related concepts that arises in discussions with employees in connection with the issuance of restricted stock is a Section 83(b) election. So, what exactly is an
83(b) election and how is it helpful to an employee?
Section 83 of the U.S. tax code establishes a time frame in which restricted