IRS to stop taxing incentive stock options that lost money

The IRS will temporarily stop pursuing thousands of Americans who ended up owing large tax debts instead of becoming millionaires after exercising a certain kind of stock option. IRS Commissioner Doug Shulman said the agency will stop collecting alternative-minimum taxes, penalties and interest owed by workers who exercised incentive stock options only to see their value plummet before they sold. Shulman said the... [read full story]