IRS SAYS REV. PROC. ON TAXABILITY OF SICK PAY UNDER FICA AND RRTA IS OBSOLETE.

Rev. Proc. 95-43

The Internal Revenue Service is continuing its program of reviewing and identifying those revenue procedures that, although not specifically revoked or superseded, are no longer considered determinative. The revenue procedure listed below relating to the taxability of sick pay under the Federal Insurance Contributions Act (FICA) and the Railroad Retirement Tax Act (RRTA) is made obsolete by statutory changes invalidating Q&A-10 and regulations (section 31.6051-3 of the Employment Tax Regulations and Part 32, Temporary employment tax regulations under the Act of December 29, 1981 (Pub. L. 97-123)) generally restating the guidance in Q&A-1 through Q&A-9.

Accordingly, the revenue procedure listed below is obsolete.

Rev. Proc. No. C.B. Citation

The principal author of this revenue procedure is Karin Loverud of the Office of the Associate Chief Counsel (Employee Benefits and Exempt Organizations). For further information regarding this revenue procedure, contact Ms. Loverud on (202) 622-6060 (not a toll-free call).