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サマリー
あらすじ・解説
Income also includes non-cash compensation. Whether that is in the form of tangible property or stock options, section 83 rules it all. Section 83 also allows the taxpayer to elect when and how to account for the property received. The seemingly mechanic election puts the ball in the taxpayer’s hands to figure out the most advantageous tax treatment.
In this episode, Professor Sarah Lawsky uses section 83 to illustrate her unique way of teaching the introductory tax law class. Professor Lawsky is the Howard Friedman '64 JD Professor of Law at Northwestern University, Pritzker School of Law.
Tax Class is hosted by Ben Leff and produced by Tony Xu. The theme music is by Doo Dah Music. None of the information presented in this podcast constitutes legal advice. Consult an attorney or a tax professional for guidance.
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Materials mentioned in this episode:
- IRC § 83
- Sarah Lawsky Personal Websites: https://www.sarahlawsky.org
- Practice Problem Site: https://www.lawskypracticeproblems.org