United States:
Huge Tax Refunds For Employers If High Court Exempts Severance Payments From FICA Tax
03 November 2013
Reed Smith
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Amanda Haverstick posted a new blog on Forbes.com discussing the Supreme Court's
decision to review the case of U.S. v. Quality Stores
Inc.—in which the Sixth Circuit ruled that severance
payments made to involuntarily laid off employees are not
subject to FICA tax.
To read the entire post, click here.
This article is presented for informational purposes only
and is not intended to constitute legal advice.
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