83b Election Form

What is this?

The 83b election form is a letter you send to the Internal Revenue Service (IRS) letting them know you’d like to be taxed on your equity on the date the equity was granted to you rather than on the date the equity vests. Put simply, it accelerates your ordinary income tax.

Who need this form?

Section 83(b) elections are applicable only for stock that is subject to vesting since grants of fully vested stock will be taxed at the time of the grant.

Is it provided by Firstbase.io?

We provide the 83b election template as part of the post-incorporation package when share certificates are subject to vesting. It is, however, up to the founders to file this form to the IRS or not. If you file the 83b form, it means you want to be taxed for your equity on the date it was granted rather than on the date it starts to vest. 

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