SMB CPA Group

File your 83(b) election with Corpora

We are excited to team up with SMB CPA Group to bring streamlined 83(b) election filings to you.
Enter your discount code upon checkout to claim the discounted rate.

Once you place your order we will:

Send your documents to the IRS

We will send your signed cover letter, two copies of your signed 83(b) election form, and a postage-paid return envelope to the IRS.

Provide a tracking number and proof of delivery

Once your documents are shipped, we will provide you with a tracking number and proof of delivery, if and once available.

Provide IRS date-stamped copy

If and once received, we will provide you with the IRS date-stamped copy of your filing.

Store your documents for 90 days

We will store any originals or digital copies of your documents for 90 days after placing your order. You may request that we mail you the originals within this period.

“Founders and startup teams know how to get things done. When it comes to tax compliance and tax planning, merely getting it done is not good enough. Corpora correctly and reliably handles the 83(b)-election process so you and your team can stay focused on building and innovating without the hassle and complexity that comes with yet another tax filing..”

Levon Galstyan, Managing Principal

FAQs

What is an 83(b) election?

An 83(b) election is a tax document you file with the IRS, electing to pay tax on your equity grant at its fair market value on grant rather than at vest.

Why is this important?

In certain situations – such as high-growth startups – the fair market value of stock can increase exponentially. By making the 83(b) election, you’re protecting yourself from paying ordinary income tax on that appreciation, which can potentially result in saving a fortune on taxes.

Can't I just file the 83(b) election electronically?

No, the IRS requires 83(b) elections to be mailed in. Electronic filings are currently not available.

Can I mail the 83(b) election myself?

Of course! We offer our services because we know that doing this yourself can be a hassle – making sure you’re sending it to the right address, using the right bulletproof protocol, and taking time out of your day to prepare the package and visit a post office. Rather than spend hours and still wonder if you got it right, you can get it done in minutes with peace of mind.

Is there a deadline for filing the 83(b) election?

Yes, you have 30 days from the day your equity is granted to you to make the 83(b) election.

Is the 83(b) election available for any type of equity?

No, it’s only available for property that is: (a) granted as compensation for services, and (b) is subject to vesting. Restricted stock (RSAs) and profits interests are two common examples where the 83(b) election is available. Notably, the 83(b) election is unavailable for stock options (unless early exercised) and RSUs (restricted stock units), since these are not considered “property” for purposes of this election.

Why should I trust you?

We treat each and every 83(b) election order we receive as if it were our own. We prepare the envelope, send it to the IRS, and track it as if we were doing this for our own shares in Corpora.

When will my 83(b) election be sent out?

We make it a point to send out your 83(b) election by the next business day after it is finalized (you’ve drafted, reviewed, and fully signed it).

What if my 83(b) election gets lost?

We got you covered. The protocol we use to send your 83(b) election acts as evidence that your 83(b) election is delivered to the IRS even if it isn’t actually delivered (for example, gets lost in the process). That said, please note that we are not responsible for matters beyond our control, such as lost items.

Are you insured?

Yes. We carry Errors & Omissions and cybersecurity insurance policy with $1,000,000 limit.

How long do I have to draft and sign my 83(b) election?

21 days from the date of transfer of your equity. This allows us time to reach out to you in case there are problems with your submission. After the 21-day cut-off, we’ll be unable to process your 83(b) election.

Will you review my 83(b) election for me?

No. The accuracy of your 83(b) election is entirely your responsibility. Any comments we share with you regarding your 83(b) election are provided as a courtesy, and it’s entirely up to you whether you take our comments into account or not. Please check out our terms.

Do you provide any legal or tax advice?

No. Our role here is purely technical – after you sign your 83(b) election, all we do is print it out, send it to the IRS, and keep track of it. Also, if and once we receive the IRS date-stamped copy of your 83(b) election, we’ll upload a scanned copy to your account. Please check out our terms.