WASHINGTON AP - Ordinary employees who received improperly backdated stock options from their companies and owe additional taxes can have their companies cover the bill, the Internal Revenue Service said.The suspect timing of stock option grants as scandalized corporate America and led the IRS to examine awards to some executives for possible tax-law violations.
February 09, 2007 at 12:00 AM
1 minute read
WASHINGTON AP – Ordinary employees who received improperly backdated stock options from their companies and owe additional taxes can have their companies cover the bill, the Internal Revenue Service said.
The suspect timing of stock option grants as scandalized corporate America and led the IRS to examine awards to some executives for possible tax-law violations.
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