The IRS released proposed regulations (REG-135524-14) that would
eliminate the requirement for individuals to attach Section 83(b)
elections to their individual income tax returns for the year the
election is made.
Section 83(b) allows a service provider to make an election to
include the fair market value of property transferred in connection
with the performance of services, less the amount paid for the
property (if any), in income on the date the property is
transferred (for example, the grant date) even though the property
is subject to a substantial risk of forfeiture. To make a valid
Section 83(b) election under the current regulations, the service
provider must file an election statement with the IRS within 30
days after the date the property is transferred to him or her,
provide a copy of the election to the employer that transferred the
property and attach a copy of the election to the service
provider's federal income tax return for the year the election
is
