Elizabeth M. Mills
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On March 25, 2014, in a decision highly anticipated by employers, the U.S. Supreme Court held unanimously that certain severance payments paid to employees who were involuntarily terminated were taxable wages for purposes of the Federal Insurance Contributions Act (FICA). United States v. Quality Stores, Inc., et al., No. 12-1408 (U.S. Mar. 25, 2014). The … Continue Reading
Supreme Court Finds Severance Payments are Subject to FICA
By Elizabeth M. Mills, Nathan Bentley and Robert Projansky on Posted in Performance Management, Discipline & Termination, Workplace Policies and Procedures