Tag: FICA

Employers know that wages are generally subject to the Federal Insurance Contributions Act (“FICA”), and that both employers and employees are liable for a portion of FICA on those wages. In most circumstances, the employee and employer portion of FICA are paid when the compensation is paid to employees—but there is a “special timing rule” …

Continue reading “The FICA Special Timing Rule for Non-Qualified Deferred Compensation: What You Don’t Know Can Hurt You”