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University of South Alabama
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Payroll Accounting
 
Frequently Asked Questions
 
2.
What does the IRS Announcement mean to me?
On March 2, 2010, the IRS announced that it had made an administrative determination to accept the position that medical residents are excepted from FICA taxes based on the student exception for tax periods ending before April 1, 2005, when new IRS regulations went into effect. This announcement means that the IRS will provide a refund of the FICA taxes for individual medical residents and institutions that filed refund claims for tax periods ending before April 1, 2005. The IRS has contacted USA regarding the FICA tax refund claims we filed for tax periods ending before April 1, 2005 by the applicable filing deadlines. USA is in the process of responding to an IRS letter dated May 25, 2010 that outlines the procedures required to be completed prior to obtaining any refund. USA is in the process of preparing the information necessary to respond to this letter in a timely manner and will be posting updates periodically on this webpage regarding the FICA tax refund process.
 

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Last date changed: October 27, 2010 11:57 AM
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