Hi,
In 2020, my employer offered me an opportunity to buy shares in the company (private limited company in England) for 4,000 USD that I could cash out in 4 years with a target value of 175,000 USD. It is basically an employee retention plan.
I was required to sign a PS&A, file Form 83(b), and a Deed of Adherence.
Can someone please explain what this plan is referred to and what I need to do on my tax return for this situation, if anything?
Best,
Tim
