98-P-023 Issuance of IRS Revenue Procedure 98-16
Posted on October 21, 2021 at 12:50 PM by Kansas Department of Administration
|DATE:||February 16, 1998|
|SUBJECT:||Issuance of IRS Revenue Procedure 98-16|
|EFFECTIVE DATE:||February 2, 1998|
|CONTACT:||Payroll Services||(785) 296-3146|
|SUMMARY:||New IRS Standards for Student FICA Withholding Exceptions|
- Standardization of the definitions of 'student'
- Elimination of the IRS '12/20 rule'
- Permission for each college or university to determine the appropriate number of credit or unit hours that qualify their students for the FICA exclusion
- Exclusion of FICA withholding to services performed by a student during school breaks up to five weeks in length
Copies of Internal Revenue Bulletins are available on the Internet at the IRS website located at http://www.irs.ustreas.gov.
Regents Institutions are responsible for properly determining the FICA status of employees at their institution and for withholding the correct tax amounts.