IRS Issues Private Letter Ruling Approving Stock-Based Compensation Method Change for Cost Sharing Arrangements

The IRS issued a private letter ruling on I.R.C. §482, authorizing the taxpayer to prospectively change its method for measuring and determining stock-based compensation in cost-sharing arrangements from the default method to the elective method described in Treas. Reg. §1.482-7 and Notice 2005-99. [PLR 202607005]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.