Interesting article in this week’s National Law Journal:  Backdated Stock Options Taxed; Recent IRS Bulletin Makes It Likely That Execs Will Pay Millions More, by Lynne Marek:

Attorneys have more bad news for corporate executives caught in the stock-options backdating quagmire: Millions of dollars in unpaid taxes on the option gains will be due by the end of this year. Some lawyers had hoped that the IRS might give companies a longer period to investigate the issue and clean up any problems, getting executives off the hook for higher taxes on their gains. Instead, the IRS in a recent bulletin followed through on threats to cut no slack for executives who profited from backdated options.