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Sara C. Richland

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California “Waiting Time Penalties” Are Not Wages For Federal Income Tax Purposes

By Colleen Hart and Sara C. Richland on Posted in IRS, Wages
Our colleagues over at Proskauer’s ERISA Practice Center Blog have noted that a recent IRS information letter confirms that “waiting time penalties” paid under California law are not wages for federal income tax withholding purposes. Please click here for the full post and please see Chief Counsel Advice Memorandum 201522004 and IRS Information Letter 2016-0026 … Continue Reading
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