On July 25, 2016, IRS finalized new regulations that eliminate the requirement for a taxpayer to file a copy of a Section 83(b) election with the taxpayer’s individual income tax return.  The new regulations are effective January 1, 2016.  Taxpayers who want to make an effective Section 83(b) election are reminded of the continuing need to file a written Section 83(b) election with the IRS no later than 30 days after the date on which restricted property is transferred to the taxpayer.  The new regulations are at Section 1.83-2 of the Treasury Regulations.