Thursday, February 17, 2011 12:58:46 AM
I think you are right that if paid in in first quarter 2011 from a tax liability standpoint you are right. IRS doesn't give discounts for restricted stock though. So that brings up another problem. Does BTDG have the funds for witholding and employer taxes on $120,000 in salary ? Plus wouldn't that amount trigger a monthly reporting and payment requirement ?
Another thought comes to mind. BTDG and CEO and judgement against them for the cable tv issue. Wonder if they hear about the share issuance whether they will claim ? Maybe Direct TV or whomever will take control of BTDG and then distribute HIP HOP.
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