EASTERBROOK, Chief Judge.
Non-cash compensation, such as shares of stock, is taxable when the "transfer" to the recipient occurs. 26 U.S.C. § 83. According to a Treasury Regulation, 26 C.F.R. § 1.83-3(a)(2), the grant of an option to purchase stock (or other property) is not itself a transfer, which does not occur until the option is exercised. This case presents the question whether the "transfer" may be postponed even after the option's exercise, on the...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.