Independent, Third Party Appraisal Legally Required To Grant Stock Options?
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"Generally under internal revenue code Section 409A, stock options have to be granted at fair market value to avoid adverse tax consequences to the optionee, including a 20% excise tax. However, it is not necessary that a taxpayer demonstrate that the value was determined by an independent appraiser, if the taxpayer can otherwise demonstrate that the valuation was determined by the reasonable application of a reasonable valuation method."
