Box 1: the taxpayer
Name, taxpayer identification number (TIN) and address of the person making the election.
15620
Section 83(b) Election
- Agency
- IRS
- Revision
- Rev. 4-2025
- Fillable fields
- 27
- Pages
- 3
- Official source
- IRS form page
- Checked
- October 21, 2026
Form 15620: Section 83(b) Election
Form 15620, Section 83(b) Election, is an IRS form for making the election under section 83(b) of the Internal Revenue Code. The instructions say that when substantially nonvested property is transferred in connection with the performance of services, the person who performs the services may elect to include in gross income now the excess (if any) of the property's fair market value at the time of transfer over the amount (if any) paid for it, rather than when the property later becomes substantially vested.
The form has nine boxes: who is making the election, the property, the transfer date, the taxable year, the restrictions, the fair market value, the amount paid, the amount to include in gross income and, optionally, the service recipient. The Privacy Act notice says Form 15620 is provided by the IRS for convenience and its use is voluntary. The instructions say a written statement that satisfies Treas. Reg. § 1.83-2 is the alternative.
The instructions are on pages 2 and 3 of the same PDF. You can fill out Form 15620 free in your browser on this page and download it without an account.
What's on Form 15620
Boxes 2 and 3: property and date
A description and quantity of the property, and the date it is transferred.
Boxes 4 and 5: year and restrictions
The taxable year that includes the transfer date, and a description of the restrictions on the property.
Boxes 6 and 7: value and price
Fair market value per item times quantity, and price paid per item times quantity, each with a total.
Box 8: amount in gross income
Box 6(c) minus Box 7(c), the total amount to include in gross income for the taxable year.
Box 9 and signature
Optional name, TIN and address of the service recipient, then the copy agreement, the penalties of perjury declaration, the signature and the date signed.
How to fill out Form 15620
- 1
Box 1
Enter the name, TIN and address of the person making the 83(b) election.
- 2
Boxes 2 and 3
Describe the property and quantity, such as the instructions' example "1,000 shares of Class A common stock of Corporation B," and enter the transfer date.
- 3
Box 4
Enter the taxable year that includes the transfer date, for example "calendar year 2025" or "fiscal year ending May 31, 2025," as the instructions show.
- 4
Box 5
Describe the restrictions on the substantially nonvested property, such as forfeiture terms in a restricted stock agreement, as in the instructions' example.
- 5
Boxes 6 to 8
Multiply value per item by quantity for 6(c) and price paid per item by quantity for 7(c), then enter 6(c) minus 7(c) in Box 8. The instructions say fair market value is determined without regard to any lapse restriction.
- 6
Box 9 and sign
Box 9 is optional and, the instructions say, not required to make a valid election. Sign and date the form.
Why fill Form 15620 on indox
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When and where to file, copies and revocation
When to file
The instructions say an 83(b) election must be filed no later than 30 days after the date the property was transferred. If the thirtieth day falls on a Saturday, Sunday or legal holiday, a postmark by the next day that is not one of those counts as timely under IRC § 7503.
Where to file
The instructions say to submit the completed and signed form to the IRS by mail, to the IRS office with which the person who performs the services files a federal income tax return.
Copies
A copy goes to the person for whom the services are performed, and another to the transferee of the property if that is a different person, the instructions say.
Revocation
The instructions say an 83(b) election may not be revoked except with the consent of the IRS, and point to Treas. Reg. § 1.83-2(f) and Revenue Procedure 2006-31.
Written statement instead
The instructions say the election may also be made by filing a written statement that satisfies the requirements of Treas. Reg. § 1.83-2.
Tax consequences
The instructions refer to the Restricted Property section of Publication 525 for a description of the tax consequences.
Related forms
1040
U.S. Individual Income Tax Return
199 fields, 2 pages
3921
Exercise Of an Incentive Stock Option Under Section 422(b)
43 fields, 4 pages
3922
Transfer of Stock Acquired Through An Employee Stock Purchase Plan Under Section 423(c)
33 fields, 3 pages
W-2
Wage and Tax Statement
568 fields, 11 pages
1099-NEC
Nonemployee Compensation
140 fields, 6 pages
Who files Form 15620?
The instructions say the person who performs the services makes the election, for example an employee or an independent contractor.
Official sources and the blank
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Questions about Form 15620
What is the deadline for Form 15620?
The instructions say no later than 30 days after the date the property was transferred, with a Saturday, Sunday or legal holiday rule under IRC § 7503.
Is Form 15620 the only way to make an 83(b) election?
No. The instructions say the election may also be made with a written statement that satisfies Treas. Reg. § 1.83-2, and the Privacy Act notice says use of the form is voluntary.
Who gets copies of Form 15620?
The instructions say a copy goes to the person for whom the services are performed, and to the transferee of the property if that is a different person.
Can an 83(b) election be revoked?
The instructions say only with the consent of the IRS.
Is Box 9 required?
No. The instructions say Box 9 is optional and not required to make a valid 83(b) election.
How is Box 8 calculated?
The instructions say to subtract the total price paid in Box 7(c) from the total fair market value in Box 6(c).