Jul. 17, 2013
IRS looks to US high court to resolve circuit split
Is severance pay "wages" or not? Circuits are split, and the IRS has petitioned the Supreme Court to get an answer.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
If you are paying off a departing employee, you might be issuing a check on the employee's last day. If the employee's last day was a while back, you might cut a check in the hopes of avoiding a lawsuit. A claim against you may be brewing, may have been drafted, or may even have been filed.
Under these and other scenarios, you might reach for your checkbook, hoping to make the problem go away. Apart from how much money will be ...
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