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Is the Severance that Your Company Pays to Fired Workers Taxable? The Supreme Court Will Decide

On October 1, 2013, the Supreme Court of the United States agreed to hear a case concerning whether employees’ severance payments are taxable. The case, United States v. Quality Stores, Inc., came out of the Sixth Circuit...more

10/4/2013 - FICA Taxes Hiring & Firing Quality Stores SCOTUS Severance Pay Termination Wages

April 4th Deadline for FICA Tax Treatment of Severance Pay Under Quality Stores

Two deadlines relating to the Sixth Circuit Court of Appeals’ decision in United States v. Quality Stores, Inc., No. 10-1563 (6th Cir. Sept. 7, 2012), are quickly approaching. The deadline for the United States to file a...more

3/14/2013 - FICA Taxes Quality Stores Severance Pay

Sixth Circuit Decision Offers FICA Tax Refund Opportunities for Severance Pay

Any employer that implemented reductions in force or layoffs after 2008 should consider filing refund claims for the Federal Insurance Contributions Act (FICA) taxes paid on severance benefits based on a recent Sixth Circuit...more

9/11/2012 - FICA Taxes IRS Quality Stores Severance Pay Wages

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