19 June 2022 12:11

How to deal with IRS response of no action to 83(b) election?

Can I file an 83 B election electronically?

On April 15, 2021, the IRS started accepting 83(b) election electronic filing. That means shareholders under Section 83(b) of the Internal Revenue Code can use electronic signatures when signing their forms. It’s a filing process that allows individuals to file 83(b) elections on smart devices.

Is there a form for 83 B election?

To make an 83(b) election, you must complete the following steps within 30 days of your Award Date: • Complete the IRS 83(b) form that has been provided to you. Mail the completed form to the IRS within 30 days of your Award Date. Address it to the IRS Service Center where you file your taxes.

What is an 83 B election and when do I make it?

What is the 83(b) election? When making an 83(b) election, you request that the IRS recognize income and levy income taxes on the acquisition of company shares when granted, rather than later upon vesting. The grant date is when an employee receives a company stock or stock option award.