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Supreme Court Holds Certain Severance Payments Are Taxable Wages for FICA Purposes

On March 25, 2014, the U.S. Supreme Court ruled in United States v. Quality Stores, Inc. , 572 U.S. ___ (2014), No. 12-1408 [ an enhanced version of this opinion is available to lexis.com subscribers ], that severance payments made to employees involuntarily terminated in connection with Quality Stores’...