Non-employee compensation as a contractor should be reported in box 7 for Form 1099-MISC from the company if you are an independent contractor.
There are specific rules and elections for valuing, deducting and timing of restrictive stock, click for IRS publication 525, Taxable and Nontaxable Income <a rel="nofollow" target="_blank" href="
https://www.irs.gov/pub/irs-pdf/p525.pdf">https://www.irs.gov/pub/irs-pdf/p525.pdf</a>
An 83(b) election must be maintained by the employer or company for proper reporting.YOU MUST STILL FILE one WITH THE IRS.
In your case though you are an owner it appears of the company as cofounder not an independent contractor. Very different question. You may want to post a new, detailed question regarding how this gets reported to you. I know that a Section 83(b) election generally cannot be made with respect to the receipt of a private company stock option. You must exercise the option first and acquire the stock before you can make a Section 83(b) election, and you would only make a Section 83(b) election in that instance if you exercised the option and acquired unvested stock (if the stock acquired on exercise of the stock option was vested, there would be no reason to make a Section 83(b) election).
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