IRS Stumbles on Characterization and Valuation of Stock Warrants

Business Valuation UpdateVol. 13 No. 7
Legal and Court Case Update
July 2007

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6211 Security Brokers, Dealers, and Flotation Companies
523910 Miscellaneous Intermediation
federal taxation
Kimberlin v. Commissioner
2007 Tax Court LEXIS 13
May 8, 2007
US
Federal Court
United States Tax Court
Solomon Leo Warhaftig
unnamed
Foley

Summary

Stock warrants issued as part of settlement agreement are not compensation and are taxable at grant date if they have an ascertainable fair market value.

See Also

Kimberlin v. Commissioner

Full Text of Court Cases
May 8, 2007

Stock warrants issued as part of settlement agreement are not compensation, and are taxable at grant date, if they have an ascertainable fair market value.