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Publication 525 (2021), Taxable and Nontaxable Income - IRS
Severance pay. Severance payments are subject to social security and Medicare taxes, income tax withholding, and FUTA tax. Accrued leave payment.
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Frequently Asked Questions on Virtual Currency Transactions
Consequently, the fair market value of virtual currency paid as wages, measured in U.S. dollars at the date of receipt, is subject to Federal income tax
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Taxable Income and Employee Compensation
Wages subject to federal employment taxes include all pay that you give to an employee for services performed. The pay may be in cash or in other forms.
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