IRS Announces Medical Residents Exempt From FICA Taxes Based on Student Exception
The Internal Revenue Service has recently announced it will accept the position that medical residents are excepted from FICA taxes based on the student exception. This exception is for tax periods ending before April 1, 2005, at which time new IRS regulations went into effect.
What does this mean to you? If you were a resident or clinical fellow at the University of Pittsburgh during the period January 1, 1996 through March 31, 2005, you may be eligible for a refund. For details on how to receive this refund, please go to http://www.upmc.com/CAREERSATUPMC/STUDENT/GME/Pages/fica-refunds.aspx.