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August 16, 2007
Tax Court Denies AMT NOL for ISOs
In a reviewed opinion, the Tax Court yesterday unanimously held that the difference between the adjusted AMT basis and the regular tax basis of stock received through the exercise of an incentive stock option is not a tax adjustment to be taken into account in the calculation of the alternative tax net operating loss in the year the stock is sold. Marcus v. Commissioner, 129 T.C. No. 4 (8/15/07).
August 16, 2007 in New Cases | Permalink
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» FULL TAX COURT DENIES AMT NOL ON SALE OF ISO SHARES from Roth & Company, P.C.
Apparently seeking to be perfectly clear on an an issue that has provoked seemingly endless litigation, the full Tax Court... [Read More]
Tracked on Aug 16, 2007 9:42:42 AM
Comments
Marcus was not a reviewed opinion.
Posted by: Kris | Apr 16, 2008 10:43:48 AM
