Monday, December 04, 2006

U.S. v. Tuff (9th Cir. - Dec. 4, 2006)

All of my friends with boatloads of valuable stock options -- and there are, surprisingly enough, an increasing number of them -- should read this opinion by Judge Goodwin. Which involves how the Ninth Circuit will tax nonqualified stock option compensation.

Be forewarned, however: You're not going to like the answer.