High Court Considers Tax Status Of Medical Residents

Law360, New York (November 8, 2010, 5:27 PM EST) -- During oral arguments Monday, several U.S. Supreme Court justices appeared reluctant to force the Internal Revenue Service to view medical residents as students, thereby allowing their employers to avoid paying Social Security taxes on their earnings.

In a case pitting the Mayo Clinic and the University of Minnesota against the IRS, several justices grappled with where to draw the line between worker and student in order to determine who has to pay Social Security taxes.

Chief Justice John Roberts said Monday that the medical resident situation...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.