Severance tax — a tax levied o minerals as they are extracted.

炼税——对开采出的矿物征收的税。

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Now that the Quality Stores decision reopens the possibility that the IRS may not be allowed to collect FICA tax on severance payments after all, employers who made substantial severance payments have a window to act.

FORBES: Severance Pay FICA Tax Refunds For Employers And Employees Back On The Table

Employers have been grappling with the issue of whether FICA tax is due on severance payments to laid-off employees for a long time.

FORBES: Severance Pay FICA Tax Refunds For Employers And Employees Back On The Table

Absent an appeal to and reversal by the U.S. Supreme Court, the IRS must refund the FICA tax paid by the company and the employees on the severance pay.

FORBES: Big Tax Win For Terminated Workers and Companies; Big Loss For IRS