A rail carrier was entitled to a refund of railroad retirement taxes that it paid on company stock it used to compensate employees. The Railroad Retirement Tax Act (RRTA) does not require the tax to be paid on stock compensation. The government argued that employers who pay Federal Insurance Contributions Act (FICA) taxes are obligated […]
The post Nonqualified Stock Options, Contract Ratification Payments Not Subject to RRTA Taxes (Union Pacific Railroad Company, CA-8) appeared first on Tax & Accounting Blog.