Severance Payments to Terminated Employees are Taxable Wages under FICA
By EsqSocial Corporation 02/04/14
The Supreme Court recently held that severance payments made to involuntarily terminated employees constituted “remuneration for employment,” for which taxes must be withheld and paid under the Federal Insurance Contributions Act (FICA). United...
By: Buchanan Ingersoll & Rooney PC