Which of the Following Is False Regarding a Section 83(i)election

Multiple Choice

Which of the following is false regarding a section 83(i) election?

A) The election allows employees of any corporation to defer income tax liability.
B) The election is an important tax-planning tool for illiquid equity grants.
C) The election must be made within 30 days of the grant date.
D) The election may terminate on the date the employer stock becomes publicly traded.