Terms for 83(b) Election Service
Last updated: June 28, 2024
- The purpose of this service is to enable you to send your 83(b) election to the IRS without visiting the post office or private delivery service and to obtain the IRS date-stamped copy of your filing. We are not acting as your agent in any capacity. No part of this service, including any correspondence you receive from us in relation to this service, may be interpreted as legal or tax advice.
- You are responsible for determining whether you need to make an 83(b) election.
- You are responsible for determining whether you should make an 83(b) election.
- You are responsible for the accuracy and contents of your 83(b) election.
- You authorize us to access and send your submission on your behalf, including through a third-party vendor at our sole discretion. The sender will be Corpora, Inc., c/o [your name] (or similar wording), listing our mailing address as the return address.
- You authorize us to receive and access the IRS date-stamped copy of your filing, if received, at our mailing address on your behalf.
- You acknowledge and agree that you will use this service exclusively for the purpose for which it is provided, in good faith.
- We reserve the right, in our sole and absolute discretion, to reject sending your submission. We will inform you within seven business days in such case. We will refund your payment, unless we determine, at our sole discretion, that you did not use the service in good faith, in which case your payment will not be refunded.
- You acknowledge that once you submit your order, you cannot make any changes to your submission.
- We will not accept submissions later than 21 days after the date of transfer of your equity.
- You (and your spouse, if applicable) will have one day to sign the generated 83(b) election, after which the draft will be voided and you will have to start all over again. Your payment will be refunded.
- This service is provided “as is” and “as available”. We are not responsible for matters beyond our control, such as lost items.
- Our paid service exclusively consists of: (i) sending your filled in and signed cover letter, 83(b) election form (in two copies), and a postage-paid return envelope to the IRS; (ii) providing you with proof of mailing and tracking number; and (iii) providing you with the IRS date-stamped copy of your filing (if received).
- We will email you the scanned copies of any physical document(s) as it/they become(s) available to us. You are responsible for the safe-keeping of such scanned copies. However, some document(s) may only be in electronic form, in which case we’ll email you the electronic document(s).
- Within 90 days of submitting your 83(b) election service order, you may request to have the original(s) of any scanned document(s) mailed to you, paying only the postage fee. If you do not make this request within 90 days, we will have no further obligation to retain any physical or electronic documents or information related to your submission.
- We will use the address you’ve included in your 83(b) election to determine the IRS address where your submission should be sent.
- Your use of this service remains subject to Corpora’s Terms of Service and Privacy Policy.
