How to Filing an 83(b) Election?

[niyati]

I received restricted stock from my startup and want to file an 83(b) election. Please list each step (what form to use, exact filing deadline, how to complete it, where to file with the IRS, whether to send a copy to my employer, and how to keep proof of filing). Also include common pitfalls, sample election language, and any tax consequences I should watch for. Real-world tips appreciated.

 

[Emly]

To file an 83(b) election, complete the IRS 83(b) Election Form within 30 days of receiving your restricted stock. Mail it to your IRS service center, include your name, address, SSN, stock details, and fair market value, and attach a copy to your tax return. Keep a copy for your records and send one to your employer.

 

[Will David]

You must also submit Form 83(b) of IRS within 30 days after the receipt of your restricted stock with no extensions.

• Complete form 83(b) election form (type or handwrite).
• Send it to the office of IRS in which you submit your tax.
• Add your name, SSN, description of the stock, receipt date and fair market value.
• Send one of them to your employer and retain one.
• Certified mail should be used as an evidence of filing.

 

[Sophie]

To make an 83(b) election, file within 30 days of receipt of restricted stock, fully filled IRS Form 83(b) with it, and sent to the IRS, with a copy of the same being sent to your employer.

 

[Lucky]

To file an 83(b) election, complete the IRS 83(b) form within 30 days of receiving restricted stock. Mail the form to the IRS office, include a copy for your employer, and keep one for your records. It helps you pay taxes on shares early, avoiding higher future tax rates.