by Christopher Graham and Joseph Kelly

We wrote here about the United States Supreme Court decision to consider whether severance payments are taxable. Seven days ago the Court answered “yes” in United States v. Quality Stores, Case No. 12-1408 (S. Ct. Mar. 25, 2014). Severance payments are taxable wages. Taxpayers lose another one to the IRS.

Tags: Severance pay, tax, employment law