"Despite the fact that the filing must include specific information about the property (i.e. shares), such as its value and transfer date, the IRS has no form for the Section 83(b) election. IRS Revenue Procedure 2012-29 presents a sample of acceptable language for making the election. It also provides examples showing the election's tax impact when the stock is later sold after vesting or if the grant is repurchased or forfeited before vesting. The examples confirm a major risk with the Section 83(b) election: should the shares never vest, you do not get a tax credit for the taxes you paid up front."  MORE >>