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Results: 1-10 of 37

Sixth Circuit Court of Appeals holds certain severance payments are not subject to FICA tax

  • Bass, Berry & Sims PLC
  • -
  • USA
  • -
  • September 19 2012

On September 7, the Sixth Circuit Court of Appeals issued a decision (United States v. Quality Stores, Inc.) holding that certain severance payments are not "wages" subject to Federal Insurance Contributions Act (FICA) tax, and upheld a bankruptcy court’s decision ordering a full refund of more than $1 million of FICA taxes paid by an employer with respect to severance payments it made to employees whose positions were eliminated in connection with the bankruptcy

Post election update

  • Bracewell & Giuliani LLP
  • -
  • USA
  • -
  • November 9 2012

The voters have now spoken in one of the most hotly contested and expensive races in American history, and the net effect of countervailing political winds was ironically to perpetuate the political status quo

Federal government seeks Supreme Court review of quality stores decision excluding severance payments from FICA

  • McGuireWoods LLP
  • -
  • USA
  • -
  • June 7 2013

On May 31, 2013, the federal government, after requesting two extensions, filed its long-awaited petition for writ of certiorari seeking U.S. Supreme

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

  • Baker & Hostetler LLP
  • -
  • USA
  • -
  • May 3 2011

On December 17, 2010, President Obama signed the "Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

New IRS guidance for health care reform: more news you can use

  • Stoel Rives LLP
  • -
  • USA
  • -
  • April 6 2011

Health care reform requires employers to report the cost of health coverage on employees' W-2 forms

2011 Minnesota legislative summary

  • Larkin Hoffman
  • -
  • USA
  • -
  • July 20 2011

Several changes have been made to Minnesota’s alcohol licensing laws

Preserving income tax exemption on employer-owned life insurance

  • Roetzel & Andress
  • -
  • USA
  • -
  • March 30 2010

Historically, proceeds received by an employer from a company-owned life insurance policy upon the death of an employee were not taxable under Internal Revenue Code (Code) Section 101(a

IRS issues two notices impacting life insurance contracts

  • Jorden Burt LLP
  • -
  • USA
  • -
  • May 28 2009

The Internal Revenue Service ("IRS") recently issued two Notices concerning life insurance contracts

The “individual mandate” upheld under Congress’ power to tax; parts of Medicaid expansion upheld

  • Quarles & Brady LLP
  • -
  • USA
  • -
  • June 29 2012

In a split decision, the Supreme Court on June 28, 2012 upheld the Affordable Care Act’s (the ACA’s) “individual mandate,” which requires almost everyone to have health insurance coverage or pay a penalty

Health care reform's medical loss ratio rebates and their impact on employer group health plans

  • Snell & Wilmer LLP
  • -
  • USA
  • -
  • July 13 2012

Now that the Supreme Court has upheld the constitutionality of the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act (collectively, the “Act”), employers must move forward with implementation