§83(b) Election

Election to include the value of restricted property (e.g., unvested equity) in income at grant rather than at vesting.

IRC § 83(b)Treas. Reg. § 1.83-2Rev. Proc. 2012-29

Taxpayer name *

Taxpayer SSN / TIN *

Taxpayer address

Description of property *

Date of transfer *

Taxable year of election *

Nature of restrictions

FMV at transfer ($)

Amount paid ($)

Signature (taxpayer)

Date

Preview

ELECTION UNDER INTERNAL REVENUE CODE § 83(b)

The undersigned taxpayer hereby makes an election pursuant to Internal Revenue Code
§ 83(b) and Treas. Reg. § 1.83-2 to include in gross income for the taxable year
specified below the excess (if any) of the fair market value of the property described
below over the amount paid for such property.

1. Name:    [Taxpayer name]
   Address: [Address]
   TIN:     [SSN/TIN]

2. Description of the property with respect to which the election is being made:
   [Description of property]

3. Date of transfer: [date].
   Taxable year for which the election is made: [year].

4. Nature of the restriction(s) to which the property is subject:
   [Nature of restrictions]

5. Fair market value of the property at the time of transfer (determined without
   regard to any restriction other than one that by its terms will never lapse): [FMV].

6. Amount paid for the property: [amount paid].

7. Amount to include in gross income: [FMV minus amount paid].

The undersigned has furnished a copy of this statement to the person for whom the
services were performed in connection with the transfer of the property.


_______________________________
[Taxpayer signature]
Date: [Date]

How & when to file: File within 30 DAYS of the date the property is transferred, with the IRS office where the taxpayer files their return. Send by certified mail with return receipt and keep proof of timely filing — the 30-day deadline cannot be extended. Provide a copy to the service recipient (employer). A copy no longer has to be attached to the return, but retain it with your records.

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ELECTION UNDER INTERNAL REVENUE CODE § 83(b) The undersigned taxpayer hereby makes an election pursuant to Internal Revenue Code § 83(b) and Treas. Reg. § 1.83-2 to include in gross income for the taxable year specified below the excess (if any) of the fair market value of the property described below over the amount paid for such property. 1. Name: [Taxpayer name] Address: [Address] TIN: [SSN/TIN] 2. Description of the property with respect to which the election is being made: [Description of property] 3. Date of transfer: [date]. Taxable year for which the election is made: [year]. 4. Nature of the restriction(s) to which the property is subject: [Nature of restrictions] 5. Fair market value of the property at the time of transfer (determined without regard to any restriction other than one that by its terms will never lapse): [FMV]. 6. Amount paid for the property: [amount paid]. 7. Amount to include in gross income: [FMV minus amount paid]. The undersigned has furnished a copy of this statement to the person for whom the services were performed in connection with the transfer of the property. _______________________________ [Taxpayer signature] Date: [Date]