Over a year ago I blogged about the situation of former employees of Verizon who had never worked or resided in the United States but who had U.S. income taxes withheld from payments under benefit plans in which they participated while they worked for Verizon. The former employees had brought a claim for breach of
Understanding Employee Benefits and key developments in the employee benefits field and items of interest to our clients. MORE
Foreign Pension
If the Tax Withholding is Wrong, Don’t Rely on the Employer to Fix it
By Stinson LLP on
Verizon Communications, Inc. sponsored a number of plans for its foreign employees. These employees were citizens of foreign countries who never worked in the United States. Because these employees never worked or resided in the United States, their employment income and the benefits from their retirement plans were foreign source income not subject to U. …