OrbitaxU.S. Court of Appeals Overturns Tax Court Decision that Regulations on Cost Sharing for Stock Compensation are Invalid
|Approved Changes|United States
On 24 July 2018, the U.S. Court of Appeals for the Ninth Circuit issued its decision in the case of Altera Corp. v. Commissioner of Internal Revenue concerning whether regulation 26 C.F.R. § 1.482-7A(d)(2) on stock-based compensation and cost-sharing arrangements is valid. The regulation was finalized in 2003 and requires participants in qualified cost-sharing arrangements to share stock-based…
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