Windward Navigator · Founder & advisor set
The election statement a founder or early hire files with the IRS within 30 days of receiving restricted stock or units, plus a cover letter, a company copy, and a step-by-step filing guide for paper and online filing. Your Social Security number is never collected — you add it by hand.
Builds the Section 83(b) election package for a founder or early hire who received restricted stock or units: the election statement in the format the IRS regulations require, a cover letter to the IRS, a transmittal copy for the company, and a filing guide covering paper filing by certified mail and online filing on IRS Form 15620. Your Social Security number is never collected — you add it by hand.
You received equity that vests over time and want to be taxed on its value now (usually near zero at formation) rather than as it vests. The 30-day deadline runs from the transfer date and cannot be extended.
The equity is fully vested with no restrictions (no election is needed), you received stock options rather than stock (an 83(b) applies only to early-exercised options), or the 30 days have already passed — late elections are simply ineffective; talk to a tax advisor about alternatives.
Your name and address, the company's name and address, the number and type of shares or units, the transfer date, the fair market value per share, and what you paid per share.
Yes. The IRS accepts Form 15620 through an IRS Online Account, with confirmation of receipt. Paper filing by certified mail to the service center where you file your return remains available. File one way, not both.
No. Since 2016 the regulations no longer require attaching a copy to your return, but you must give a copy to the company and keep one in your records.
Then the amount included in income is zero, which is exactly why founders file: it starts the capital-gains clock and avoids ordinary income as the equity vests and appreciates.
Windward Navigator documents and guides are general information and general forms for Texas businesses, not legal advice about your company, and no attorney reviews your answers unless you engage the firm. Using Navigator does not create an attorney–client relationship. Attorney advertising.
