Small business need-to-know and news-to-watch. Accounting and taxes — financial reporting.
Excerpt: The best advice is to assume that any valuation report obtained to support stock option issuance (IRC 409A / ASC 718) will be scrutinized someday. There is only a small probability that scrutiny will come from the IRS. But there is a near certainty that scrutiny will come from an audit firm.
So, a company obtaining a valuation report should do three things
Read full article via IRC 409A After Three Years: It’s Not Just About Tax | Proformative.