Work Product: 409A Amendment - Tokens (WG#5)
Manager: Ga3b
Staffing:
- Core team: Staffing in Progress
- Research Aides: 3, BLIP from Brooklyn Law
Description of Deliverables:
- Model legislation Section 409A amendment - proposal to establish a safe harbor for smart contract systems that if they pay a ‘greater of’ %-based or flat tax, they will fit into safe harbor for certain tax-related risks
- Focus on improvement of tax treatment of vesting token awards + fork of yearn vesting contract that complements the amendment proposal
Process:
- Complete Staffing (Please complete application by 10/20 if interested). Instructions here: Staffing Process for Proposals
- Set up Coordinape Gift Circle with Core Team
- Managers to hold kick-off call with team, set up work space and intake process for research requests