Guest cm11 Posted December 19, 2007 Report Share Posted December 19, 2007 If an employer settles a claim that arises out of an employee not being paid for the classification of duties being performed and the settlement does not characterize the payment as backpay, IRS guidance says the settlement payment is wages for employment tax purposes. Is the settlement payment going to be treated as wages for which the employer has to pay additional pension contributions? Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now