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BLANK SECTION 83(b) ELECTION FORM For your convenience, we are providing the attached blank Section 83(b) election form for your consideration. We strongly recommend that you consult your tax, accounting
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A blank section 83(b) election is a form that allows employees or other individuals to elect to be taxed on the fair market value of restricted stock at the time of grant, rather than when the stock vests.
Employees or other individuals who have been granted restricted stock are required to file a section 83(b) election if they wish to be taxed on the fair market value of the stock at the time of grant.
To fill out a section 83(b) election, individuals must include their name, address, taxpayer identification number, the company's name, a description of the property being transferred, the date the property was transferred, and a statement of the election.
The purpose of a section 83(b) election is to allow individuals to potentially reduce their tax liability by being taxed on the fair market value of restricted stock at the time of grant, which may be lower than the value at vesting.
The section 83(b) election form must include the individual's name, address, taxpayer identification number, the company's name, a description of the property being transferred, the date the property was transferred, and a statement of the election.
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