An 83(b) election, as defined in Section 83(b) of the Internal Revenue Code (IRC), allows individuals who receive restricted securities to potentially reduce their tax obligations. When you make an 83(b) election, you choose to pay taxes on the full fair market value (FMV) of securities when they're granted, rather than when they vest.
83b | 83b elections | 83b and 83(b) may be used interchangeably