We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

High Court Asked To Review Rail Stock-Options Tax Case

Law360, New York (December 7, 2017, 4:51 PM EST) -- The government Wednesday asked the U.S. Supreme Court to review a Seventh Circuit decision finding income from stock options provided to employees of a Canadian railroad company to be taxable compensation. The U.S. said a circuit split over the issue needed to be resolved.

The U.S. said in a brief the Seventh Circuit arrived at the correct conclusion that income from the options should be taxable whether considered under the Federal Insurance Contributions Act or the Railroad Retirement Tax Act, or RRTA. However, the Eighth Circuit...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.