The Inflation Reduction Act, enacted in 2022, provided IRS with an $80 billion funding boost, since reduced by approximately $21 billion, through this year’s Fiscal Responsibility Act. Over the next...
The COVID-19 pandemic has had far-reaching implications on the business world, and the commercial real estate (CRE) market is no exception. For insights into the current CRE market and how the pandemic...
For the uninitiated, following the changes in a capitalization table for a venture capital-track, growing start-up can be tricky. This PowerPoint presentation, developed with a team of attorneys from Cooley...
Planning, conducting, and closing an M&A transaction in California involves unique considerations. Practical Guidance’s M&A Resource Kit for California puts over 60 California-focused resources...
Interested in private market data? Attorneys involved in negotiating clinical trial agreements are encouraged to participate in this Private Market Data Life Sciences Survey . Qualified participants will...
A grant of restricted stock is a common type of vehicle to deliver executive compensation, intended to motivate the individual in contributing to share performance. Taxation occurs on vesting unless the executive opts, under I.R.C. Section 83(b), to elect taxation sooner. Restricted stock units (RSUs) are economically identical to restricted stock, except that they represent a promise to deliver stock (or the cash equivalent) in the future, in most cases promptly following vesting. If share delivery occurs promptly following vesting, Section 409A generally will not apply to the RSUs pursuant to Section 409A’s short-term deferral rule. See Treas. Reg. § 1.409A-1(b)(4). However, if delivery may be delayed to a later date, the RSUs must comply with Section 409A. Learn more about what to communicate to the client, to the executive, and for payroll tax, considering both FICA and income tax withholding and reporting.
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