Client Alert
U.S. Supreme Court Rules that Severance Payments Made to Involuntarily Terminated Employees are Taxable
Client Alert
U.S. Supreme Court Rules that Severance Payments Made to Involuntarily Terminated Employees are Taxable
March 25, 2014
On March 25, 2014, the U.S. Supreme Court unanimously ruled that severance payments may be subject to tax under the Federal Insurance Contributions Act.
