BNSF Wins $22M Tax Fight Over Relocation, Stock Benefits

Law360, New York (October 29, 2012, 4:03 PM EDT) -- A Texas federal judge on Thursday ruled in favor of BNSF Railway Co. in its suit against the U.S. government seeking a $22 million tax refund, determining that BNSF's stock options and relocation reimbursement employee benefits are not taxable compensation under the Railroad Retirement Tax Act.

U.S. District Judge John McBryde granted summary judgment to the railroad company and ruled that the moving expenses and the profits made by employees in non-qualified stock options should not have been taxed under the RRTA, which imposes a tax...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

BNSF Railway Company v. United States


Case Number

4:11-cv-00455

Court

Texas Northern

Nature of Suit

Federal Tax Suits: Taxes (US Plaintiff or Defendant)

Judge

John McBryde

Date Filed

June 30, 2011

Law Firms

Companies

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.