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Justices Tank $1B In Severance Pay Tax Refunds

By Matthew Villmer (March 25, 2014, 7:12 PM EDT) -- The U.S. Supreme Court's Tuesday ruling in U.S. v. Quality Stores Inc. that certain severance payments made to employees terminated against their will are taxable wages under federal law puts to bed roughly 2,400 refund claims worth over $1 billion and has broad implications for settlement negotiations....

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