Internal Revenue Code Section 423
/ˌɪn.tər.nəl ˈrɛv.ə.nu koʊd ˈsɛk.ʃən ˈfɔr.ti ˈθri/
Definitions
- (n.) A provision of the U.S. Internal Revenue Code governing the federal tax treatment of employee stock purchase plans (ESPPs), detailing requirements for tax advantages.
Under Internal Revenue Code Section 423, employees can acquire stock through qualified purchase plans with favorable tax treatment.
Forms
- internal revenue code section 423
Related terms
See also
Commentary
Section 423 is frequently cited in tax and employment law contexts concerning stock purchase plans and their tax-qualified status.
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