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Severence Pay Subject To FICA Taxes, US Tells High Court

By Brian Mahoney (January 14, 2014, 6:57 PM EST) -- The U.S. government asked the U.S. Supreme Court on Tuesday to rule that involuntary termination payments to workers are taxable as wages under the Federal Insurance Contributions Act, urging reversal of a Sixth Circuit decision that could force the Internal Revenue Service to issue $1 billion in tax refunds....

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