Summary
Tax Court finds $36 million exercise of executive stock option was taxable income to the shareholder, but permitted company to take the same amount as deduction for reasonable compensation for the executive’s services.
Davis v. Commissioner (I)
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See Also
$36M Executive Stock Option: Was it Reasonable, Contingent Compensation?
Tax Court finds $36 million exercise of executive stock option was taxable income to the shareholder, but permitted company to take the same amount as deduction for reasonable compensation for the executive’s services.