|
|
IRS Criticized for Plan to Impose Social Security Taxes on Stock Options
The IRS has proposed that Social Security, Medicare and unemployment taxes be imposed on the exercise of incentive stock options as well as options under employee stock-purchase plans. However, an exemption is provided from income tax withholding. The regulations would take effect in the beginning of 2003.
The proposal has drawn intense criticism, some claiming that it violates the law and that a congressional override is required.
The comment period expires February 14, 2002.
Source: Wall Street Journal, November 14, 2001
|
About Us
|
News
|
Alerts
|
Articles
|
Caveat Emptor
|
SNSFE News
|
Research
|
Calendar
|
Contact
Register
|
Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2005-2007 FinancialCounsel.com, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
