Recent Posts

Supreme Court Holds Severance Payments Are Taxable Wages
Posted on 25 Mar 2014 by Bajeerah LaCava

WASHINGTON, D.C. — (Mealey’s) Severance payments fall within the definition of wages in the Federal Insurance Contributions Act (FICA) and are taxable, the U.S. Supreme Court ruled March 25 ( United States of America v. Quality Stores, Inc... Read More

Ballard Spahr LLP: Supreme Court Rules That Severance Payments Are Subject To FICA Taxes
Posted on 1 Apr 2014 by Ballard Spahr LLP

By Wendi L. Kotzen, Timothy F. McCormack, and Christopher A. Jones The U.S. Supreme Court has unanimously held that payments of supplemental unemployment benefits (SUB payments) are taxable wages subject to FICA tax withholding. The Court’s decision... Read More