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Internal Revenue Bulletin:  2016-33 

August 15, 2016 

EMPLOYEE PLANS


Table of Contents

T.D. 9779T.D. 9779

Section 83 addresses the income tax consequences of property transferred in connection with the performance of services. Section 83(b) permits the service provider to elect to include in gross income, as compensation for services, the fair market value of substantially nonvested property at the time of transfer. This election is made by filing a written statement with the Internal Revenue Service no later than 30 days after the date that the property is transferred. These final regulations eliminate the regulatory requirement that a copy of a § 83(b) election be submitted with the taxpayer’s income tax return for the taxable year in which the property is transferred.


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