US Supreme Court Rules Severance Pay Subject to FICA Taxes
By EsqSocial Corporation 27/03/14
This week, the U.S. Supreme Court confirmed that severance pay is subject to FICA tax. There had been uncertainty about whether FICA taxes were due on severance payments following disparate circuit court rulings in two cases: CSX Corp. v. U.S....
By: Nexsen Pruet, PLLC