Client Alert
IRS Issues Proposed ESPP Regulations
August 12, 2008
The IRS recently issued new proposed regulations governing stock options granted under employee stock purchase plans ("ESPPs") that are intended to receive favorable tax consequences under Section 423 of the Internal Revenue Code. The proposed regulations would update existing ESPP regulations by making them consistent in many aspects with incentive stock option tax regulations and by providing additional guidance.
Click here to read our client alert describing the highlights of the ESPP proposed regulations.
If you have any questions regarding the ESPP proposed regulations, please contact either the Womble Carlyle attorney with whom you usually work or one of our Employee Benefits attorneys or Corporate and Securities attorneys.
Womble Carlyle client alerts are intended to provide general information about significant legal developments and should not be construed as legal advice on any specific facts and circumstances, nor should they be construed as advertisements for legal services.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice within this client alert is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in a client alert.
