Section 83(b)(1) of the IRS code provides that a person can elect to have income recognized from a restricted stock award at the time of grant as opposed to at the time of vesting. If an equity recipient makes this election, he or she will pay in...
Regulation 1.645-1(f)(1) provides that the Section 645 election period begins on the date of the decedent's death and terminates on the earlier of the day on which both the electing trust and related estate, if any, have distributed all of their assets, or the day before the "...
Section 45V PTC Election Timing The Proposed Regulations specify that Section 45V PTCs would be determined for the taxable year during which the qualified clean hydrogen is produced by the taxpayer, but that the associated election may not be claimed until the sale or use of the r...
The Internal Revenue Code encourages businesses to make capital investments by allowing you to deduct the full cost of some depreciable property in one tax year if you make a Section 179 election. Generally, the IRS places an annual limit on the amount of purchases eligible for this accelerated...
IRS Provides Section 9100 Relief for Late-Filed NOL ElectionWayne R. Strasbaugh
The U.S. Internal Revenue Service (IRS) has provided rules in this Section to make it easier for tax payers in the election. Further, Section 108(i) allows eligible taxpayer to elect COD income with respect to the "reacquisition" of an applicable debt instrument.Lipton...