Section 83(B) Election Form

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Section 83(b) Election
The undersigned taxpayer hereby elects, pursuant to § 83(b) of the Internal Revenue Code of 1986, as
amended, to include in gross income as compensation for services the excess (if any) of the fair market
value of the shares described below over the amount paid for those shares.
1. The name, taxpayer identification number, address of the undersigned, and the taxable year for which
this election is being made are:
TAXPAYER’S NAME: ________________________________________________________________
TAXPAYER’S SOCIAL SECURITY NUMBER: _______________________________________________
ADDRESS: ________________________________________________________________________
TAXABLE YEAR: ______________
2. The property which is the subject of this election is __________ shares of common stock of
__________________________.
3. The property was transferred to the undersigned on __________________________ (the date).
4. The property is subject to the following restrictions:
_____________________________________________________________________________________
5. The fair market value of the property at the time of transfer (determined without regard to any
restriction other than a nonlapse restriction as defined in § 1.83- 3(h) of the Income Tax Regulations) is:
$_______ per share x ________ shares = $___________.
6. For the property transferred, the undersigned paid $______ per share x _________ shares =
$______________.
7. The amount to include in gross income is $______________. [The result of the amount reported in
Item 5 minus the amount reported in Item 6.] The undersigned taxpayer will file this election with the
Internal Revenue Service office with which taxpayer files his or her annual income tax return not later
than 30 days after the date of transfer of the property. A copy of the election also will be furnished to
the person for whom the services were performed. Additionally, the undersigned will include a copy of
the election with his or her income tax return for the taxable year in which the property is transferred.
The undersigned is the person performing the services in connection with which the property was
transferred.
Dated: ______________________
Taxpayer: ________________________________________________

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