Severance Payments Subject to FICA Withholding

The Supreme Court, reversing a decision of the Sixth Circuit, held that severance payments to terminated employees are subject to FICA withholding.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/VIf5X-iiA_k/Tax_Trends_01.aspx

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