Maybe I was not clear. The company filed an amended 1099 and 1096 at zero value since the stock was issued to my consulting company and not to me personally. In the event the irs will inquire, the company will receite the above reason for the correction. You are right that I still have to deal with the valuation, which was zero but the company needed the deduction and produced a high valuation in order to record the expense.
Can/should a company file an 83b election?