IRS Goes Ahead With Stock Compensation Cases After Altera Ruling

Dec. 8, 2021, 9:53 PM

The IRS isn’t hitting the pause button on cases against companies over employee stock-based compensation, even though more legal challenges are possible in the wake of the Altera court ruling supporting the government’s position, an agency official said Wednesday.

In the 2019 ruling, the U.S. Court of Appeals for the Ninth Circuit upheld Treasury regulations requiring Intel-owned chip maker Altera Corp. to include employee stock-based compensation in the costs it shared with its foreign subsidiary, resulting in a higher tax bill for the company. The Supreme Court declined to review the case in June 2020.

The Internal Revenue Service ...

To read the full article log in. To learn more about a subscription click here.