Altera Corporation & Subsidiaries v. Commissioner of Internal Revenue

2019

US Court of Appeals for the Ninth Circuit

≈$80.4m income adjustment under IRC §482 (2004–2007) at stake

Taxpayer

Altera Corporation & Subsidiaries

Tax Authority

Commissioner of Internal Revenue (IRS)

Topics

stock-based compensationcost sharingIRC section 482arm’s length standardadministrative procedure actChevron deferencecommensurate with incomeIntangibles & IP

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Official Sources

Altera Corp. & Subsidiaries v. Commissioner, 926 F.3d 1061 (9th Cir. 2019) (Nos. 16-70496, 16-70497) (opinion, June 7, 2019)primary

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Altera Corp. & Subsidiaries v. Commissioner, 145 T.C. No. 3, 145 T.C. 91 (2015) (Tax Court reviewed opinion, July 27, 2015)primary

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Compensatory Stock Options Under Section 482, T.D. 9088, 68 Fed. Reg. 51,171 (Aug. 26, 2003)primary

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Altera Corp. & Subsidiaries v. Commissioner (order denying rehearing en banc, Nov. 12, 2019)primary

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U.S. Supreme Court docket: Altera Corp. & Subsidiaries v. Commissioner of Internal Revenue, No. 19-1009 (cert. denied June 22, 2020)primary

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EY Tax News: Supreme Court declines to hear Altera case (June 22, 2020)commentary

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