Thread regarding BP PLC layoffs

FICA tax

Did anyone else receive a letter from bp regarding FICA tax on invested RSUs

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Post ID: @OP+1dFpA7cd

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Not sure what a non payment entails.

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Post ID: @4pli+1dFpA7cd

I wonder what the auditors think about this. It happened on their watch.

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Post ID: @4wtz+1dFpA7cd

I’m not a tax expert but I thought employers are responsible for withholding FICA. I wouldn’t be surprised if they f##led up. Probably laid off the person that knew what they were doing and replaced them with someone that doesn’t know the tax laws. What happens if the employees don’t send them the money? Can’t BP get in trouble with the IRS for not withholding the money when they were supposed to?

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Post ID: @1llq+1dFpA7cd

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