Grand Trunk Western Railroad Company v. United States of America
Case Number:
1:14-cv-10244
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July 08, 2016
IRS Beats Canadian National Railway's $13.3M Refund Suit
An Illinois federal judge on Friday threw out a suit in which three Canadian National Railway Co. subsidiaries asked for a $13.3 million federal tax refund, siding with the IRS and ruling nonqualified stock options awarded to employees are a form of compensation.
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December 17, 2015
Rail Carrier Stock Options Are Taxable, IRS Says
The Internal Revenue Service on Wednesday asked an Illinois federal judge to reject three Canadian National Railway Co. subsidiaries' call for a $13.3 million refund for taxes paid on employee stock options, saying that the options constitute taxable income.
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October 29, 2015
Rail Carriers Seek Win In IRS Stock Option Tax Fight
Three rail carriers urged an Illinois federal judge to force the Internal Revenue Service to pay a $13.3 million refund of taxes paid on employee stock options on Wednesday, arguing that the options are not taxable compensation under federal law.