IRS

Securities Exemptions for Employee Stock Options (Rule 701)

By Amy Riedel   Once a growing startup begins to take on employees and advisors, one of its first considerations is incentivizing key team members or key advisers with equity.  Often, these are awards in the form of options or grants. A stock option gives the holder the ability to buy stock at an agreed …

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Tax-exempt organizations – Be sure to file your 990 informational return!

Despite the IRS’s best efforts to inform the public, many tax-exempt organizations fail to file their annual informational return (examples here).  While failing to file for a single year may trigger late fee penalties, the real threat is that if an organization fails to file their 990 for three consecutive tax years, they AUTOMATICALLY lose …

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Introducing the New 1023-EZ!

Effective July 1, 2014, the IRS implemented a new, streamlined application process for smaller organizations seeking tax-exempt status as under IRC section 501(c)(3) . Replacing the old, longer Form 1023, the new, shorter, and electronic Form 1023-EZ is the IRS’s solution to reduce the existing backlog of applications for tax-exemption. Although this will not affect …

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