Farm CPA Report

Farm CPA Report

New Form for Section 83(b) Election

The IRS just issued a new Form 15620 that can be used for the Section 83(b) election

Paul Neiffer's avatar
Paul Neiffer
Nov 12, 2024
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Taxpayers who receive an investment in a business via services can make an election under Section 83(b) to include in income the current value of the investment as income. This election can lock in a lower value as ordinary income and preserve future appreciation as long-term capital gains.

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