Understanding Employee Benefits and key developments in the employee benefits field and items of interest to our clients. MORE

On November 7, 2024, the IRS introduced Form 15620, a new standardized form for taxpayers opting to make a Section 83(b) election. Previously, taxpayers needed to send a letter to the IRS with the required information to make the Section 83(b) election effective.

When a taxpayer receives restricted property (usually in the form of