U.S. Supreme Court To Hear Arguments In Severance Payments Taxing Dispute

U.S. Supreme Court To Hear Arguments In Severance Payments Taxing Dispute

WASHINGTON, D.C. - The U.S. Supreme Court ruled Oct. 1 that it will hear the appeal of a lawsuit regarding whether a business that closes must pay Social Security and Medicare tax (together, FICA tax) on the severance checks its laid-off workers receive (United States v. Quality Stores, Inc., et al., No. 12-1408, U.S. Sup.; 2013 U.S. LEXIS 5128).

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