Categories: News Articles

Employer Paid FICA – Deduction For Paying Employee’s FICA Taxes Allowed

Writing A CheckThe tax code expressly bars a deduction for an employees’ share of FICA. So when a company agrees to pay it’s employees’ share of FICA during a payroll tax audit, IRS agent asked the National Office if the company could claim the deduction.

The National Office says that the no-deduction bars taxpayer’s from deducting their own FICA taxes. However, the rule does not bar a company from deducting taxes owed by its employees as long as there is an appropriate business purpose. The company’s desire to avoid having to ask its employees for the tax is a sufficient reason.

If you have any questions or require further info please call 718-531-1105 or send an email.

This web site and these articles are not tax or legal advice and are not intended as tax or legal advice.  They are intended to provide only general, non-specific legal information and are not intended to cover all the issues related to the topic discussed.  The specific facts that apply to your matter may make the outcome different than would be anticipated by you.  This web site and these articles are based on United States law.  You should consult with an accountant or lawyer familiar with the issues. This web site and the articles contained on this web site are not solicitations.


Contact Info:

Ronald Semaria
Semaria Consulting
1408 East 66th St
Brooklyn, NY 11234

Phone Numbers:

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