News & Analysis as of September 24, 2024

Supreme Court of the United States

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Federal Insurance Contribution Act (FICA) Taxes are United States federal payroll taxes levied to fund the Social Security and Medicare system. FICA Taxes burdens are divided between employers and employees and... more +

Supreme Court Confirms FICA Taxes Must be Withheld from Severance Payments

Fenwick & West LLP on 4/23/2014

Finding severance payments to be a form of “remuneration for employment,” the United States Supreme Court in United States v. Quality Stores, Inc. held that such payments are taxable wages – and thus subject to withholding –...more

Fenwick Employment Brief - April 2014

Fenwick & West LLP on 4/22/2014

Supreme Court Confirms FICA Taxes Must be Withheld from Severance Payments - Finding severance payments to be a form of “remuneration for employment,” the United States Supreme Court in United States v. Quality Stores,...more

Severance Payments: To Tax or Not to Tax, that is the Question!

Baker Donelson on 10/17/2013

On October 1, 2013, the U.S. Supreme Court agreed to hear the federal government's appeal of the Sixth Circuit Court of Appeals' decision in United States v. Quality Stores, Inc. (In re Quality Stores, Inc.), 693 F.3d 605...more

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

Ogletree, Deakins, Nash, Smoak & Stewart,... on 10/4/2013

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

U.S. Supreme Court Agrees To Hear Government’s Appeal Of Sixth Circuit’s Ruling In U.S. v. Quality Stores That SUB Payments Are...

Troutman Pepper on 10/3/2013

On October 1, 2013, the U.S. Supreme Court agreed to hear the federal government’s appeal of the Sixth Circuit’s decision in United States v. Quality Stores, Inc. (In re Quality Stores, Inc.), 693 F.3d 605 (6th Cir. 2012),...more

Supreme Court DOMA Decision—Part II: Wage Overstatements and Tax Refunds

Ogletree, Deakins, Nash, Smoak & Stewart,... on 7/26/2013

In part one of this two-part series, “Supreme Court DOMA Decision — Part I: Fringe Benefits and Other Tax Implications,” I reviewed the fringe benefit and tax implications of the United States v. Windsor decision....more

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