The Supreme Court has agreed to hear a case regarding whether or not severance pay is subject to FICA. The case is United States v Quality Stores. A decision is not anticipated before June 2014.If you received severance pay in 2010 (the earliest open year) and FICA was withheld you should consider filing a refund claim before 4/15/2014. You might want to wait a couple of months before filing since often the IRS will set up a special internal procedure for holding these claims until the court case is resolved.PhilRule Your Retirement Home Fool
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra