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About this Blog
Welcome to the Snell & Wilmer Benefits Blog. We will be posting about current employee benefits and executive compensation topics and issues. We invite you to contact the authors with your thoughts or questions.Blog Contributors
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IRS Audit Techniques Guide Provides Helpful Reminders for Sponsors of NQDC Arrangements
Last summer the Internal Revenue Service updated its Audit Techniques Guide (“ATG”) for nonqualified deferred compensation arrangements. While the ATG provides little instruction on how the IRS will review nonqualified deferred compensation arrangements for compliance with Section 409A of the … Continue reading
Posted in Employee Benefits, Executive Compensation
| Tagged 409A, ATG, Audit Techniques Guides, deferred compensation, FICA, FUTA, Internal revenue service, IRS, nonqualified deferred compensation, Section 409A
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Employers May Be Able to Exempt Severance Payments from FICA Tax under Quality Stores
The Supreme Court recently ruled in U.S. v. Quality Stores that severance paid to employees is considered wages for FICA purposes. Before the Court’s decision, there was little doubt that employer-provided severance was wages for income tax purposes, but lower … Continue reading
Posted in Employee Benefits
| Tagged FICA, severance, SUB payments, Supreme Court, U.S. v. Quality Stores
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