What is an 83b Election? | 83b Election Explained!

Welcome to Ask a CPA, where we unravel complex financial jargon to help you make informed decisions. Today's topic: the mysterious 83(b) election. What is it, and why should you consider making one?

One way to avoid overpaying in taxes is to understand the tax code and its various provisions. This can be especially true if you have a complicated tax situation, as employees or company founders with equity compensation often do. Taking advantage of the 83(b) election can help you minimize your overall tax outlay when it comes to restricted stock.

In today’s video, we will answer the following questions:

What is the 83(b) election?
How does the holding period work with an 83b election?
Who should file an 83(b) election
Who should not file an 83b election?
What happens if an 83(b) election is not filed?
83b Election Example
When and how to file an 83(b) election

Lots of great information to cover in this video. Let’s jump into it.

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Thanks for watching!

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