The election must be made within 30 days after you receive the property. If you fail to make it within that time, you lose the right to make the election. Here's what you need to do:u00a0Within 30 days after you receive the stock, send the election to the IRS office where you file your return.u00a0 Here is our standard letter to the IRS with the local CA office (your filing office may very well be different and it is advisable to send by certified mail): u00a0Internal Revenue Service[83(b) Elections]Fresno, CAu00a0u00a0 93888u00a0u00a0u00a0u00a0u00a0 Re:u00a0u00a0u00a0u00a0u00a0 83(b) ElectionsDear Sir or Madam:Enclosed for filing with the Internal Revenue is an Election Under Section 83(b) of the Internal Revenue Code of 1986, dated _____________, for _________________ u2022 Social Security No. ____________, inu00a0 connection with [name ofu00a0 issuer].Please provide me with a file-stamped copy of the election in the self-addressed, stamped envelope provided for your convenience.u00a0 If you have any questions, please do not hesitate to call _______________ at (________) ____________. Thank you for your anticipated courtesy and cooperation in this regard. u00a0Remember, you also need to povide a copy of the election to the issuer, and attach a copy to your personal income tax return the applicable tax year.u00a0Disclaimer.u00a0 All of my responses on Quora are subject to the Disclaimer set forth in my Quora Profile.