U.S. High Court Hears Oral Arguments In Dispute Over Taxing Severance Payments

WASHINGTON, D.C. - Severance payments fall within the Federal Insurance Contributions Act's (FICA) definition of wages and are taxable, Assistant to the Solicitor General Eric J. Feigin told the U.S. Supreme Court on Jan. 14 in arguments presented on behalf of the United States (United States of America v. Quality Stores, Inc., et al., No. 12-1408, U.S. Sup.).

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