Today, the IRS released final regulations relating to property transferred in connection with the performance of services. The final regulations, which make no modifications to the proposed regulations released in July 2015, affect certain taxpayers who receive property transferred in connection with the performance of services and make an election to include the value of substantially nonvested property in income in the year of transfer. The final regulations remove the second section in Treas. Reg. § 1.83-2(c) of the existing regulations, which requires that a taxpayer submit a copy of a section 83(b) election with the taxpayer’s tax return for the year in which the property subject to the election was transferred.