The controversy over suspect timing of option grants is spreading through corporate America, and now the head of the IRS is saying that his agency will also examine stock option awards to executives at some companies for possible tax-law violations. IRS Commissioner Mark Everson said Friday that he had directed agency staff to consult with the Securities and Exchange Commission "to determine which companies merit scrutiny." The SEC itself says it has 80 companies under scrutiny.
July 31, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The head of the Internal Revenue Service said Friday that his agency will examine stock option awards to executives at some companies for possible tax-law violations, as the controversy over suspect timing of option grants spreads through corporate America.
IRS Commissioner Mark Everson said he had directed agency staff to consult with the Securities and Exchange Commission “to determine which companies merit scrutiny.”
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