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What is SI Option Election for Workers' Compensation - Arizona Form?

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The SI option election is used for taxpayers to elect to treat certain tax benefits related to stock options as being deferred for tax purposes.
Taxpayers who have stock options and wish to defer tax on the gain from the exercise of those options are required to file the SI option election.
To fill out the SI option election, taxpayers must complete the required forms, provide necessary details about the stock options, and indicate their election to defer taxes.
The purpose of the SI option election is to enable taxpayers to defer recognizing income from the exercise of stock options until a later date, thus potentially reducing their tax liability.
The information that must be reported includes details about the stock options, date of exercise, and a declaration of the taxpayer's choice to defer taxation.
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