Every time you glance at your paycheck, you might notice a chunk of money disappearing before it even hits your bank account.

Compensation is generally subject to federal income tax and FICA tax when compensation is actually paid to an employee. However, nonqualified deferred compensation (NQDC) may be subject to FICA ...

Across the board, tax refunds are set to increase an average of $1,000 per household due to President Donald Trump’s tax cuts ...

Are you confused or confounded about the money taken out of your paycheck every week? Wondering what Social Security and Medicare taxes have to do with you? Here’s what to know about U.S. federal ...

The Internal Revenue Service has established rules which require FICA taxes to be withheld on all employees. However, Section 3121 (b)(10) provides an exemption for students enrolled at least half ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Employees may be exempt from the withholding of Social Security and Medicare payroll (FICA) taxes if they have an F-1 or J-1 visa. Purdue University uses a web-based tax compliance system, called ...

oes the IRS have the authority to assess restaurateurs for employer FICA taxes related to workers’ unreported tip income? In a recent ruling the Ninth Circuit Court of Appeals called this authority ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Over the past decade, many businesses have had to downsize their workforce to stay competitive. Severance payments to workers generally are considered wages subject to withholding for Income taxes ...