High Court Squashes UT's $11M FICA Tax Refund Fight
By Ama Sarfo (April 27, 2015, 4:32 PM EDT) -- The U.S. Supreme Court on Monday turned back the University of Texas' bid for an $11 million refund of Federal Insurance Contributions Act taxes the government assessed against its medical residents, leaving standing a Fifth Circuit decision that denied the refunds.
The Fifth Circuit said residents do not qualify for a student exemption from FICA taxes. The school petitioned the high court Jan. 21, saying a review was necessary to ensure that Social Security benefits coverage is uniform nationwide. However, the court denied the petition without comment.
The denial comes as a win for the federal government, which told the high...
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