Medical Facilities Petition Supreme Court on FICA Taxation of Residents

The Mayo Foundation for Medical Education and Research, the Mayo Clinic, and the Regents of the University of Minnesota petitioned the United States Supreme Court to consider whether medical residents should be categorically excluded from the definition of "student" under Internal Revenue Code section 3121(b)(10), thereby subjecting the residents to FICA tax. The medical facilities state that circuit courts are "irreconcilably divided" on the issue and urge the Court to resolve the conflict.

Posted by Jenny Robertson, Associate Editor, Wealth Strategies Journal.