"[M]any taxpayers who wish to electronically file (e-file) their annual income tax return have been unable to do so because of the requirement in Section 1.83-2(c) that they submit a copy of their section 83(b) election with their income tax return. Commercial software ... does not consistently provide a mechanism for submitting a section 83(b) election with an individual's e-filed return. As a result, an individual who has made a section 83(b) election ... would be required to paper file his or her income tax return ... The proposed regulations would remove the second sentence in Section 1.83-2(c) of the existing regulations. This would eliminate the requirement that taxpayers submit a copy of a section 83(b) election with their tax return for the year in which the property subject to the election was transferred.... These regulations under section 83 are proposed to apply as of January 1, 2016, and would apply to property transferred on or after that date. Taxpayers may rely on these proposed regulations for property transferred on or after January 1, 2015."  MORE >>