A Buchanan Ingersoll & Rooney client update written by Thomas M. Cryan, Jr. was picked up for publication by Bloomberg BNA on October 1, 2012.
Originally published September 14, 2012, the advisory addresses U.S. v. Quality Stores Inc., 424 B.R. 237 (W.D. Mich. 2010), in which the Sixth Circuit affirmed the lower court's ruling that severance payments made to employees pursuant to an involuntary reduction in force were not "wages" for FICA tax purposes.
Read the full advisory here.