code - Sec. 83. Property transferred in connection with...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Sec. 83. Property transferred in connection with performance of services (a) General rule If, in connection with the performance of services, property is transferred to any person other than the person for whom such services are performed, the excess of - (1) the fair market value of such property (determined without regard to any restriction other than a restriction which by its terms will never lapse) at the first time the rights of the person having the beneficial interest in such property are transferable or are not subject to a substantial risk of forfeiture, whichever occurs earlier, over (2) the amount (if any) paid for such property, shall be included in the gross income of the person who performed such services in the first taxable year in which the rights of the person having the beneficial interest in such property are transferable or are not subject to a substantial risk of forfeiture, whichever is applicable. The preceding sentence shall not apply if such person sells or otherwise disposes of
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.
Ask a homework question - tutors are online