What are marys tax ramifications on january

Assignment Help Accounting Basics

Reference no: EM133608695

Question: In exchange for services, Mary's employer transferred to Mary stock worth $10,000 on January 1, 20X1. Mary had to pay only $3,000 for the stock. Mary had to return the stock if she did not work for three more years for her employer. During the three year period, the stock was not transferable. Assuming Mary made a timely Sec. 83(b) election on January 1, 20X1, what are Mary's tax ramifications on January 1, 20X4 when the stock is worth $30,000 and the 3 years are up, guaranteeing that Mary will not have to return the stock?

Reference no: EM133608695

Questions Cloud

What factor contributed to such dynamic innovation : Why did the industrial revolution develop on such a grand scale in the U.S. what factor contributed to such dynamic innovation and economic growth.

How much money did he put into his savings : loan payments, and 16% on entertainment. The rest of his monthly income went into savings. How much money did he put into his savings

Define allergic reaction and list two signs/symptoms : Define allergic reaction and list two (2) signs/symptoms a patient may exhibit. b) Define severe food intolerance and list two (2) signs/symptoms a patient may

How did puritan beliefs define the roles of men and women : How did Puritan beliefs define the roles of men and women? Which stories in this article help you to understand the status of women in these communities?

What are marys tax ramifications on january : What are Marys tax ramifications on January 1, 20X4 when the stock is worth $30,000 and the 3 years are up, guaranteeing that Mary will not have to return

What message do you think obama was trying to send to people : Consider the context of this speech. How would you characterize its tone? What message do you think Obama was trying to send to the American people?

Management reviews business risks quarterly : Management reviews business risks quarterly (or as significant risks emerge) and documents controls intended to respond to risks.

Make an argument debating the earlier phases of civil rights : Make an argument debating whether the earlier phases of Civil Rights or the later phases was more effective or successful & why.

Do you think that most bed side nurses understand : Do you think that most bed side nurses understand how their quality care (like preventing CLABSI) is tied to reimbursement, and ultimately how this hits

User Account

All Pages