Supreme Court: Severance Payments Are Wages Subject to FICA TaxesWitt, Steven
Below is a selection of Supreme Court cases involving taxes, arranged from newest to oldest. Moore v. U.S.(2024) Author:Brett Kavanaugh Congress may attribute an entity's realized and undistributed income to the entity's shareholders or partners, and then tax the shareholders or partners on ...
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according tofilingswith the Supreme Court. But in 2018, the couple learned they had to pay taxes on their share of KisanKraft's reinvested lifetime earnings under the mandatory repatriation tax, which was enacted through the Tax Cuts and Jobs Act, signed into law by President Donald...
The Supreme Court’s recent ruling on FBAR penalties is a significant development for US taxpayers. By affirming that penalties must be proportionate to the violation at hand, the court has provided greater clarity and protection for taxpayers who may have been subject to steep penalties for failin...
The California Supreme Court on Thursday sided with Gov. Gavin Newsom and removed a measure from the November ballot that would have made it harder to raise taxes, saying the change would have upended the way government works. The measure would have required voters to approve ...
Supreme Court Decides To Reduce FBAR Fine The U.S. Supreme Court decided to throw out a $2.72 million fine on a Romanian-American businessman who failed to file Foreign Bank and Financial Accounts (FBAR) reports while living abroad. The taxpayer contended that the maximum penalty under federal...
bject to FICA Taxes Supreme Court Rejects Quality Stores - Severance Pay Subject to FICA TaxesSupreme Court Rejects Quality Stores - Severance Pay Subject to FICA TaxesElizabeth Thomas Dold
Supreme Court, which has repeatedly ruled for religious claims that limit duties set by government, may free Catholic charities from paying the taxes. FromLos Angeles Times Ruth, a Massachusetts native, was a former law clerk for the state Supreme Court and a real estate attorney. ...
which exempts certain religious organizations from unemployment taxes if they are supervised or controlled by a religious organization and that are “operated primarily for religious purposes.” The questions presented are: (1) Whether a state violates the First Amendment’s Religion Clauses by denying...