Recovering FICA tax paid on resident stipends: time for a strategic review.
Teaching hospitals often have tens of millions in FICA-tax refund claims pending with the IRS-claims that reach back to taxes paid in the mid-1990s. Court decisions rendered over the past few years in this area have been positive for teaching hospitals and their residents. In light of recent trends, it would be prudent for teaching hospitals to update their strategies for moving these long-pending refund claims forward to a successful resolution.
Sykes
Thomas D
TD
McDermott Will & Emery LLP, Chicago, IL, USA. tsykes@mwe.com
D006784:Hospitals, Teaching / Q000191:economics*; D006801:Humans; D007396:Internship and Residency / Q000191:economics*; D013660:Taxes / Q000191:economics / Q000331:legislation & jurisprudence*