Wisconsin Central Limited v. USA

Track this case

Case Number:

16-3300

Court:

Appellate - 7th Circuit

Nature of Suit:

2870 Tax Suits

Companies

Sectors & Industries:

  1. June 23, 2017

    Rail Cos. Seek Review Of Stock Options' Tax Status

    Subsidiaries of the Canadian National Railway Co. urged the Seventh Circuit to reconsider its divided decision that nonqualified stock options are taxable in a $13.3 million lawsuit against the IRS, saying in a petition Thursday that the ruling conflicts with the court's own prior decisions as well as U.S. Supreme Court precedent.

  2. May 09, 2017

    7th Circ. Calls Railroad Stock Options Taxable In $13M Row

    A Seventh Circuit panel dealt another blow Monday to three Canadian National Railway Co. subsidiaries that have argued nonqualified stock options are not money or taxable compensation in a $13.3 million lawsuit against the IRS, though one of the judges dissented.

  3. January 12, 2017

    Railroad Stock Options Are Taxable, IRS Tells 7th Circ.

    The Internal Revenue Service on Wednesday told the Seventh Circuit not to revive a bid from three Canadian National Railway Co. subsidiaries for a $13.3 million refund for taxes paid on employee stock options, saying that the shares are taxable compensation under the Railroad Retirement Tax Act.