Are there any special IRS withholding rules for severence pay? - Ask TaxGuru

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07-03-2008, 08:47 AM

larry is offline

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Join Date: Feb 2007

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Are there any special IRS withholding rules for severence pay?

Are there any IRS withholding rules that are required for employers who pay severence pay to a terminated employee? Are they required to withhold a specific percentage of pay as required for bonuses?

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