IRS Issues More Guidance on Restricted Stock

IRS issues sample text for Sec. 83(b) election and tax examples in new Rev. Proc. 2012-29. While no surprises compared to current practices, useful to have more confirmation from IRS on what to do and the tax treatment. For more on Section 83(b) elections and the tax and planning opportunities they present with restricted stock grants (not available for RSUs), see the articles and FAQs in that section on myStockOptions.com at http://bit.ly/gqieBB

Link to IRS Rev. Proc: http://www.irs.gov/pub/irs-drop/rp-12-29.pdf