IRS Attempts to Streamline Section 83(b) Tax Election
By Craig Panholzer and Michael L. Salad Earlier this month, the Internal Revenue Service (“IRS”) released Form 15620, which seeks to streamline elections made in accordance with 26 U.S.C. § 83(b) (an “83(b) Election”). An 83(b) Election allows a taxpayer to elect to include as gross income the fair market value of restricted property (such […]