Capital one backdating
Meanwhile, my son has just started college and I’m busy earning rewards while paying tuition (see: Double-dipping college rewards). Once he does, he can start signing up for credit cards.
He’s been responsibly using his own debit card for a few years now (via a Chase high school checking account) and I think he’s ready for the next step.
In other words, at the time I write this, it will work for 17 year olds and some near-17 year olds, but not younger kids.That promise is considered to be an in-the-money options grant.In-the-money options are different from performance-based compensation in the eyes of the Internal Revenue Service and the Financial Accounting Standards Board.For example, the IRS disallows certain corporate tax deductions for in-the-money options, but it allows them for performance-based pay.Furthermore, since 1995, when FASB issued FAS 123, Accounting for Stock-Based Compensation, companies have been required to record in-the-money grants as a compensation expense.
Search for capital one backdating:
Indeed, if the practice was properly documented and disclosed in the financial statements, and given the appropriate tax treatment, there is an argument to be made that no law was violated, contends Lee.