U.S. high court: FICA withholding applies in severance payments

06/16/2014 | Tax Adviser, The

The U.S. Supreme Court, reversing a ruling by the U.S. Court of Appeals for the 6th Circuit, has decided that severance payments to terminated employees are subject to taxation under the Federal Insurance Contributions Act. This column analyzes the lower court's ruling and the basis for the Supreme Court's decision.

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Tax Adviser, The

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