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VIA CERTIFIED MAIL RETURN RECEIPT REQUESTEDName Address City, State, ZipDate:Dear (add producer name):The XXX Field Office received your request for reconsideration and a field visit on [enter date].
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How to fill out my 83b election was

01
Obtain the required form from the IRS website or your tax professional.
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Fill out the form completely, including your name, address, taxpayer identification number, and a description of the property for which you are making the election.
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Attach a copy of the property's transfer agreement to the form.
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Make a copy of the completed form and send it via certified mail to the IRS within 30 days of purchasing the property.

Who needs my 83b election was?

01
Employees or contractors who receive stock options as part of their compensation package.
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Anyone who wants to avoid paying higher taxes on the appreciation of their stock holdings.

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Your 83b election is a form used by employees or founders of a company to elect to include the value of restricted stock in their taxable income for the year in which it was granted, rather than when it vests.
Any employee or founder who has been granted restricted stock by a company can choose to file an 83b election.
To fill out your 83b election, you must complete the appropriate form provided by the IRS and submit it within 30 days of receiving the restricted stock grant.
The purpose of an 83b election is to potentially reduce the amount of taxes owed on the restricted stock by paying taxes on the stock at its fair market value at the time of grant.
The 83b election form requires information such as the name, address, taxpayer identification number, date of grant, number of shares of restricted stock, and the fair market value of the stock.
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