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🚀 Founders, Beware of Missing Out on the 83(b) Election! 🚀 I've seen the pain and anguish founders face when they overlook the critical 83(b) election, only to be hit with hefty tax bills later. So, what is this 83(b) election, and why should you care? The 83(b) election is a formal letter you send to the IRS, allowing you to buy your stock immediately, even if it hasn’t all vested yet, locking in a low tax basis. This means any appreciation after filing is taxed at the capital gains rate, which is about 20%. If your startup IPOs, you only pay capital gains tax on the huge gain! 📝 Key Points to Remember: 🔸 The 83(b) election must be filed within 30 days of receiving your stock grant.  🔸 It allows you to recognize income at the time of grant, potentially saving you from higher taxes later.  🔸 Failing to file means you'll pay income tax on the stock's appreciation as it vests, which can be significantly higher. Filing isn't complicated, but it's time-sensitive and critical. Don’t risk paying more in taxes later—consult with your tax professional and get that election filed on time! Watch this video for more details 👇

💡 Founders, the 83(b) election can save you from hefty tax bills! 💡 The 83(b) election lets you lock in a low tax basis on your stock early, so you only pay capital gains tax on future appreciation. Missing this can lead to much higher taxes later. 📝 File within 30 days of receiving your stock grant.  📝 Recognize income at the time of grant for tax savings.  📝 Avoid higher income taxes on stock appreciation as it vests. Filing isn't complicated, but it's time-sensitive. Check out the video and find the link to the article in Vanessa Kruze, CPA's original post. #StartupFinance

📑 Founders, the 83(b) election can save you big on taxes! 📑 By filing the 83(b) election, you lock in a low tax basis on your stock early, ensuring that future appreciation is taxed at the lower capital gains rate. Missing this step can result in much higher taxes later. File within 30 days of receiving your stock grant, recognize income at the time of the grant, and avoid higher income taxes on stock appreciation as it vests. Filing isn't complicated, but it's time-sensitive. Watch the video and find the link to the article in Vanessa Kruze, CPA's original post. #StartupFinance

🚀 Founders, don't overlook the 83(b) election! 🚀 This crucial tax move allows you to lock in a low tax basis on your stock early, potentially saving you from significant tax bills later. You must file within 30 days of receiving your stock grant and recognize income at the time of the grant to enjoy future tax savings. Avoid higher income taxes on stock appreciation as it vests. Filing isn't complicated, but it's time-sensitive. Watch the video and find the link to the article in Vanessa Kruze's original post. #StartupFinance

Are you aware of the 83(b) election and how it can impact your taxes? The 83(b) election is a crucial tax decision for anyone receiving equity that vests over time, like stock options. By opting for an 83(b) election within 30 days of receiving your equity, you can pay taxes based on the fair market value at the time of receipt, rather than waiting for the equity to vest.  Why does this matter? It could mean significant tax savings, especially if the value of your equity increases over time. Don't miss the chance to potentially lower your tax bill and secure your financial future. Remember, timing is key – you have just 30 days to make this election! Let's make informed financial decisions together. Share this with someone who needs to see it! #83bElection #StartupLife #TaxSavings #FinancialWisdom #Taxes #irs

🗳️ Today is a day to celebrate our democracy! 🗳️ As we exercise our right to vote, it's important to remember that the foundation of our democracy lies in free and fair elections. Our votes shape the policies, laws, and regulations that impact our lives, including those in the world of real estate investing. The 2017 Tax Cuts and Jobs Act was a game-changer for real estate investors. It offered numerous benefits, but what's especially exciting for passive investors are the tax incentives it brought. 🏠✨ Let's dive into two of them - accelerated bonus depreciation and cost segregation. 📈 1️⃣ Accelerated Bonus Depreciation: This provision allows real estate investors to deduct a significant portion of their property's value in the first year of ownership, providing substantial tax savings. It's a fantastic way to reduce your tax burden while investing passively in real estate syndications and funds. 2️⃣ Cost Segregation: This strategy lets you break down the components of your property, categorizing them in a way that accelerates depreciation deductions. The result? You pay even less in taxes! These incredible tax benefits make passive real estate investing a smart choice, and they wouldn't be possible without the democratic processes that shape our nation's laws. Today, I encourage you to exercise your right to vote and be part of the change-making process. Our democracy thrives when we participate, and the real estate investment landscape is a testament to that. Your vote has the power to influence policies that benefit us all. So, let's head to the polls, make our voices heard!✅ #ElectionDay #WealthMindset #RealEstateInvesting #MultifamilyRealEstate #TaxBenefits #FinancialIntelligence #ThePharmaInvestor #DoingBoth

In an op-ed for The Wall Street Journal, Arnold Ventures Executive Vice President of Public Finance George Callas pitches five ways Congress can tackle the nation's fiscal challenges head-on: 1) Eliminate the deduction for state and local taxes (SALT) 2) Revisit tax exemptions for large nonprofits 3) Close the round-tripping loophole for multinational corporations 4) Treat corporate stock buybacks like dividends for tax purposes, closing a loophole that disproportionately benefits certain shareholders 5) Repeal the preferential qualified small-business-stock exemption for venture-capital profits Read more from Callas here: https://lnkd.in/ggRyYFFC #FiscalResponsibility #Bipartisanship #EconomicPolicy

It’s an election year, and many wonder what the outcome could mean for the expiring tax cuts.   #SEIA financial advisor, Gene Balas, CFA, recently caught up with InvestmentNews to share his insights on the critical economic challenges the next president may face. Balas says, “The next president will face a burgeoning federal deficit and debt, which should be a limiting factor on tax cuts. It depends on how the math works in terms of having a sustainable budget. I don’t know if you can grow your way out of a budget deficit by cutting taxes.”   Read the latest: https://lnkd.in/gjV3_PY2   #TaxPolicy #FinancialPlanning

Investment News article featuring a number of my quotes regarding Trump’s proposed economic policies, “Advisors see Trump focusing on expiring tax cuts if he wins back White House”, should he become elected President. I would note that, prior to adoption of the 2017 tax cuts, the federal budget deficit was 3.1% of GDP for the fiscal year ending September 30, 2016 vs. 6.2% for the fiscal year ending September 30, 2023. 2023's budget deficit was the largest since the Great Depression and World War II outside of the pandemic-related deficits in 2020 and 2021, and the aftermath of the Great Financial Crisis from 2009 to 2012. https://lnkd.in/gZm83tvk

Gearing up for tax season? My grandson, Teddy, clearly has a grasp on the value of money as he falls asleep in his Dad’s lap. If you’re an Advisor looking for ways to hold on to more of yours and best serve your clients, there are a number of ways you can go independent, starting here: https://bit.ly/3xeeBBk #Schwab4RIAs #IndependentAdvisors #IndependentRIAs