Wisconsin Central Ltd. v. United States of America

  1. December 17, 2015

    Rail Carrier Stock Options Are Taxable, IRS Says

    The Internal Revenue Service on Wednesday asked an Illinois federal judge to reject three Canadian National Railway Co. subsidiaries' call for a $13.3 million refund for taxes paid on employee stock options, saying that the options constitute taxable income.

  2. October 29, 2015

    Rail Carriers Seek Win In IRS Stock Option Tax Fight

    Three rail carriers urged an Illinois federal judge to force the Internal Revenue Service to pay a $13.3 million refund of taxes paid on employee stock options on Wednesday, arguing that the options are not taxable compensation under federal law.