On March 25, 2014, the United States Supreme Court issued its ruling in United States v. Quality Stores, Inc., et al., holding in an 8-0 decision that severance payments made to employees involuntarily terminated from employment are generally considered taxable wages under the Federal Insurance Contributions Act (“FICA”). The decision overturns an earlier ruling... READ MORE
Severance Payments Are Wages Subject to FICA Tax
Posted on March 31, 2014 in HR Insights for Health Care
Written by: Calvin R. Chambers
