Wisconsin Central Ltd., et al., Petitioners v. United States

  1. June 21, 2018

    Railroad Stock Options Not Taxable In $13M Row, Justices Say

    The U.S. Supreme Court on Thursday decided that stock options given to employees of several subsidiaries of a Canadian railroad company are not taxable compensation under the Railroad Retirement Tax Act, reversing the Seventh Circuit in a $13.3 million lawsuit against the Internal Revenue Service.

  2. April 03, 2018

    $13M In Stock Options Not Taxable As Cash, High Court Told

    Subsidiaries of the Canadian National Railway Co. told the U.S. Supreme Court on Tuesday that transfers of $13.3 million of corporate stock options do not qualify as money remuneration that is taxable under the Railroad Retirement Tax Act because stock is not a generally accepted medium of exchange.

  3. March 20, 2018

    Stocks Can Be Taxed Like Currency, Gov't Tells High Court

    The U.S. government urged the country's highest court to affirm a Seventh Circuit ruling in a $13.3 million lawsuit that nonqualified stock options are taxable, saying in a brief Monday that stocks are the "practical equivalent" of currency.

  4. February 23, 2018

    Justices Urged To Find Railroad Stock Options Not Taxable

    Railroads and a trade group told the U.S. Supreme Court in three amicus briefs filed on Friday that the court should reverse a Seventh Circuit decision and find $13.3 million in stock options given to railroad employees at subsidiaries of the Canadian National Railway Co. not taxable under a federal railroad statute.

  5. February 20, 2018

    Railroad Cos. Tell High Court $13.3M In Options Not Taxable

    Subsidiaries of the Canadian National Railway Co. asked the U.S. Supreme Court on Friday to reverse a Seventh Circuit decision and conclude that $13.3 million in stock options given to their employees was not taxable income under a federal railroad law.

  6. January 12, 2018

    Justices Will Review Rail Stock-Options Tax Case

    The U.S. Supreme Court on Friday said it will review a Seventh Circuit decision that found income from $13.3 million in stock options given to employees of a Canadian railroad company was taxable compensation.