{"id":30,"date":"2007-02-14T09:02:03","date_gmt":"2007-02-14T09:02:03","guid":{"rendered":"http:\/\/www.whistleblowerlawyerblog.com\/2007\/02\/potential_whistleblowers_irs_offers_program_for_employers_back-dating_stock_options_.html"},"modified":"2021-06-11T17:56:57","modified_gmt":"2021-06-11T21:56:57","slug":"potential_whistleblowers_irs_offers_program_for_employers_back-dating_stock_options_","status":"publish","type":"post","link":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/potential_whistleblowers_irs_offers_program_for_employers_back-dating_stock_options_\/","title":{"rendered":"Potential Whistleblowers: IRS Offers Program for Employers “Back-Dating” Stock Options"},"content":{"rendered":"

We are encouraged that the IRS is taking action in response to the fraudulent practice of “back-dating” of stock options. Potential whistleblowers may wish to see the IRS’ description of its program <\/a>to deal with an aspect of this problem.<\/p>\n

Here is an excerpt from the IRS’ announcement of how it is permitting employers to “step forward” and pay a penalty, and a related IRS Release can be read here<\/a>:<\/p>\n

(From IRS Release:)<\/p>\n

IRS Offers Opportunity for Employers to Satisfy Tax Obligations of Rank-and-File Employees with ‘Backdated’ Stock Options <\/strong><\/p>\n

IR-2007-30, Feb. 8, 2006
\nWASHINGTON – Internal Revenue Service officials today announced an initiative aimed at providing relief for rank-and-file employees affected by their companies’ issuance of backdated and other mispriced stock options. While the program will be available to help these employees who may be unaware that they held backdated options, the opportunity will not be available for backdated options exercised by most corporate executives or other insiders.<\/p>\n

If an employee exercised a ‘backdated’ stock option in 2006, the employee may owe an additional 20-percent tax, plus an interest tax, under the Federal tax laws governing deferred compensation. If the option had been properly priced, the employee normally would only have owed income tax on the difference between the value at the date of grant and exercise.
\n Continue reading \u2192<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We are encouraged that the IRS is taking action in response to the fraudulent practice of “back-dating” of stock options. Potential whistleblowers may wish to see the IRS’ description of its program to deal with an aspect of this problem. Here is an excerpt from the IRS’ announcement of how it is permitting employers to […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[],"class_list":["post-30","post","type-post","status-publish","format-standard","hentry","category-irs-whistleblower-program-for-tax-whistleblowers","category-recent-developments"],"yoast_head":"\nPotential Whistleblowers: IRS Offers Program for Employers "Back-Dating" Stock Options — Whistleblower Lawyer Blog — February 14, 2007<\/title>\n<meta name=\"description\" content=\"We are encouraged that the IRS is taking action in response to the fraudulent practice of "back-dating" of stock options. 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