Jai Anand Garg

Nov 18, 2024 | mondaq.com | Ryan Bray |Jai Anand Garg |Matthew Behrens |Austin Jones

On November 7, 2024, the U.S. Internal Revenue Service (the IRS) released Form 15620,1 which standardizes elections under section 83(b) of the Internal Revenue Code of 1986, as amended (the "Code," and such elections, "Section 83(b) Elections") for taxpayers to accelerate taxation upon the receipt of unvested property received in connection with the performance of services.

Nov 18, 2024 | jdsupra.com | Matthew Behrens |Ryan Bray |Jai Anand Garg

[co-author: Christopher Torikoglu]On November 7, 2024, the U.S. Internal Revenue Service (the IRS) released Form 15620,1 which standardizes elections under section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code,” and such elections, “Section 83(b) Elections”) for taxpayers to accelerate taxation upon the receipt of unvested property received in connection with the performance of services.